ExlService (NASDAQ:EXLS) Insider Sells $465,423.46 in Stock

Key Points

• Insider Vikas Bhalla sold 10,573 ExlService shares for about $465,423 at an average price of $44.02, reducing his stake by 10.76% to 87,722 shares. He had also sold 11,000 shares in each of two earlier transactions.
• ExlService reported quarterly EPS of $0.62, beating the $0.56 consensus, and revenue of $633.96 million, above estimates and up 19.7% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $48.17; shares traded at $43.41 in the reported session.

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) insider Vikas Bhalla sold 10,573 shares of ExlService stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $44.02, for a total transaction of $465,423.46. Following the sale, the insider directly owned 87,722 shares in the company, valued at $3,861,522.44. The trade was a 10.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Vikas Bhalla also recently made the following trade(s):

• On Monday, November 2nd, Vikas Bhalla sold 11,000 shares of ExlService stock. The stock was sold at an average price of $41.22, for a total transaction of $453,420.00.
• On Thursday, October 1st, Vikas Bhalla sold 11,000 shares of ExlService stock. The stock was sold at an average price of $35.38, for a total transaction of $389,180.00.

ExlService Stock Up 0.7%

EXLS traded up $0.31 on Friday, hitting $43.41. The company had a trading volume of 274,549 shares, compared to its average volume of 2,326,212. The stock has a fifty day simple moving average of $38.33 and a 200-day simple moving average of $32.84. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.16 and a quick ratio of 2.16. The firm has a market capitalization of $6.55 billion, a P/E ratio of 25.83, a P/E/G ratio of 1.53 and a beta of 0.83. ExlService Holdings, Inc. has a 52-week low of $24.85 and a 52-week high of $44.36.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its stake in shares of ExlService by 14.6% in the third quarter. Versant Capital Management Inc now owns 2,261 shares of the business services provider's stock worth $78,000 after acquiring an additional 288 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of ExlService by 3.2% in the 2nd quarter. QRG Capital Management Inc. now owns 14,604 shares of the business services provider's stock worth $378,000 after purchasing an additional 447 shares during the last quarter. Signature Equity Partners LLC boosted its stake in ExlService by 65.7% in the 3rd quarter. Signature Equity Partners LLC now owns 1,337 shares of the business services provider's stock worth $46,000 after purchasing an additional 530 shares in the last quarter. Gibbs Wealth Management boosted its stake in ExlService by 5.4% in the 3rd quarter. Gibbs Wealth Management now owns 10,402 shares of the business services provider's stock worth $358,000 after purchasing an additional 535 shares in the last quarter. Finally, AMI Asset Management Corp boosted its stake in ExlService by 1.8% in the 3rd quarter. AMI Asset Management Corp now owns 35,039 shares of the business services provider's stock worth $1,205,000 after purchasing an additional 627 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on EXLS. Robert W. Baird set a $45.00 price objective on ExlService and gave the stock an "outperform" rating in a report on Thursday, July 30th. Weiss Ratings upgraded shares of ExlService from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, October 26th. Barrington Research upped their target price on shares of ExlService from $43.00 to $48.00 and gave the stock an "outperform" rating in a research report on Thursday, October 29th. Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research note on Saturday, September 26th. Finally, JPMorgan Chase & Co. lifted their price target on shares of ExlService from $48.00 to $49.00 and gave the company an "overweight" rating in a research report on Thursday, October 29th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $48.17.

ExlService Company Profile

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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