ExlService (NASDAQ:EXLS) Stock: Insider Vikas Bhalla Sells 11,000 Shares

Key Points

• Insider sale: Vikas Bhalla sold 11,000 ExlService shares at an average price of $41.22, generating $453,420 and reducing his holdings by 10.06%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Strong quarterly results: ExlService reported quarterly earnings of $0.62 per share, beating estimates by $0.06, while revenue reached $633.96 million, up 19.7% year over year and above analyst expectations.
• Positive analyst sentiment: Six analysts rate the stock Buy and one rates it Hold, resulting in a consensus “Moderate Buy” rating and an average price target of $48.17, above the reported trading price of $42.18.

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) insider Vikas Bhalla sold 11,000 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $41.22, for a total transaction of $453,420.00. Following the completion of the sale, the insider owned 98,295 shares in the company, valued at approximately $4,051,719.90. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 1st, Vikas Bhalla sold 11,000 shares of ExlService stock. The shares were sold at an average price of $35.38, for a total transaction of $389,180.00.

ExlService Price Performance

Shares of NASDAQ EXLS traded down $0.35 during mid-day trading on Tuesday, hitting $42.18. 935,686 shares of the stock traded hands, compared to its average volume of 2,336,425. The firm has a 50 day simple moving average of $37.43 and a two-hundred day simple moving average of $32.80. ExlService Holdings, Inc. has a twelve month low of $24.85 and a twelve month high of $43.88. The company has a market cap of $6.36 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 1.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.16 and a quick ratio of 1.24.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The business services provider reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.06. The business had revenue of $633.96 million during the quarter, compared to the consensus estimate of $615.51 million. ExlService had a return on equity of 32.53% and a net margin of 11.13%. ExlService's quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. As a group, equities research analysts forecast that ExlService Holdings, Inc. will post 1.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EXLS. Barrington Research lifted their price objective on shares of ExlService from $43.00 to $48.00 and gave the company an "outperform" rating in a report on Thursday, October 29th. Weiss Ratings upgraded shares of ExlService from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, October 26th. Robert W. Baird set a $45.00 price target on shares of ExlService and gave the company an "outperform" rating in a research report on Thursday, July 30th. Stifel Nicolaus lifted their price target on ExlService from $46.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, October 29th. Finally, Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a report on Saturday, September 26th. Six investment 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, ExlService has a consensus rating of "Moderate Buy" and a consensus target price of $48.17.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EXLS. BlackRock Inc. purchased a new stake in ExlService during the second quarter valued at about $488,370,000. Bank of America Corp DE purchased a new stake in ExlService during the 2nd quarter valued at about $48,189,000. Bank of New York Mellon Corp bought a new position in ExlService during the 2nd quarter worth approximately $25,214,000. Deutsche Bank AG bought a new position in ExlService during the 2nd quarter worth approximately $19,355,000. Finally, Bank of Nova Scotia purchased a new position in ExlService in the 2nd quarter worth approximately $17,821,000. Hedge funds and other institutional investors own 92.92% of the company's stock.

About ExlService

ExlService Holdings, Inc, operating under the EXL brand, is a data analytics and digital operations company that helps businesses use data, technology and artificial intelligence to improve decision-making, manage risk and enhance operational performance. Its services include data management, advanced analytics, business process solutions, automation and technology-enabled transformation.

EXL serves clients across industries including insurance, healthcare, banking and capital markets, utilities, travel and transportation, retail, media and manufacturing.

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