ExlService (NASDAQ:EXLS) EVP Ajay Ayyappan Sells 5,100 Shares of Company Stock

Key Points

• EVP Ajay Ayyappan sold 5,100 ExlService shares for $224,400 at an average price of $44.00, reducing his stake by 10.41% to 43,894 shares.
• ExlService’s latest quarter beat expectations: EPS was $0.62 versus $0.56 forecast, and revenue of $633.96 million exceeded estimates and grew 19.7% year over year.
• Analysts maintain a Moderate Buy consensus, with an average price target of $48.17; shares recently traded at $43.41.

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) EVP Ajay Ayyappan sold 5,100 shares of the company's stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $44.00, for a total value of $224,400.00. Following the sale, the executive vice president owned 43,894 shares in the company, valued at approximately $1,931,336. The trade was a 10.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ExlService Trading Up 0.7%

NASDAQ EXLS traded up $0.31 during trading hours on Friday, hitting $43.41. 274,549 shares of the company's stock were exchanged, compared to its average volume of 2,326,212. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 1.53 and a beta of 0.83. The stock has a 50-day simple moving average of $38.33 and a 200 day simple moving average of $32.84. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.54. ExlService Holdings, Inc. has a 1-year low of $24.85 and a 1-year high of $44.36.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.06. The firm had revenue of $633.96 million for the quarter, compared to analysts' expectations of $615.51 million. ExlService had a return on equity of 32.53% and a net margin of 11.13%. The company's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 EPS. On average, equities analysts forecast that ExlService Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Institutional Trading of ExlService

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Signature Equity Partners LLC raised its holdings in ExlService by 65.7% during the third quarter. Signature Equity Partners LLC now owns 1,337 shares of the business services provider's stock worth $46,000 after buying an additional 530 shares during the last quarter. GK Wealth Management LLC acquired a new position in shares of ExlService during the third quarter valued at about $58,000. Transamerica Financial Advisors LLC bought a new stake in shares of ExlService during the second quarter worth about $60,000. Westpac Banking Corp bought a new stake in shares of ExlService during the first quarter worth about $71,000. Finally, Flputnam Investment Management Co. acquired a new stake in shares of ExlService in the 2nd quarter worth about $71,000. Institutional investors own 92.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EXLS shares. Barrington Research increased their target price on shares of ExlService from $43.00 to $48.00 and gave the stock an "outperform" rating in a research note on Thursday, October 29th. TD Cowen increased their price objective on shares of ExlService from $45.00 to $49.00 and gave the stock a "buy" rating in a research report on Thursday, October 29th. Stifel Nicolaus raised their target price on ExlService from $46.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, October 29th. Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a research note on Saturday, September 26th. Finally, Needham & Company LLC boosted their target price on ExlService from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, October 28th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, ExlService has an average rating of "Moderate Buy" and an average target price of $48.17.

About ExlService

ExlService Holdings, commonly known as EXL, is a global data analytics and digital operations company. Founded in 1999, it helps organizations use data, technology and artificial intelligence to improve business processes and customer experiences. EXL provides services including data and analytics, consulting, automation and business process management. Its work spans industries such as insurance, healthcare, banking and financial services, utilities, retail and travel. The company serves clients in multiple countries through a global network of delivery centers.

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