ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Sells $90,116.80 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Ajay Ayyappan sold 1,865 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $48.32, for a total transaction of $90,116.80. Following the sale, the executive vice president now directly owns 40,986 shares in the company, valued at $1,980,443.52. This trade represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ajay Ayyappan also recently made the following trade(s):

• On Wednesday, February 19th, Ajay Ayyappan sold 4,989 shares of ExlService stock. The shares were sold at an average price of $50.70, for a total transaction of $252,942.30.
• On Monday, February 10th, Ajay Ayyappan sold 16,186 shares of ExlService stock. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00.

ExlService Trading Up 1.1 %

Shares of NASDAQ:EXLS opened at $47.46 on Thursday. ExlService Holdings, Inc. has a 12 month low of $28.16 and a 12 month high of $52.43. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $48.23 and its 200 day simple moving average is $43.48. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 41.63, a PEG ratio of 2.11 and a beta of 1.03.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). The business had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. As a group, research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Mather Group LLC. bought a new position in shares of ExlService in the 4th quarter valued at about $25,000. Kestra Investment Management LLC acquired a new stake in ExlService in the 4th quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new stake in ExlService in the 3rd quarter worth about $27,000. Huntington National Bank raised its stake in ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,131 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new stake in ExlService in the 4th quarter worth about $49,000. Institutional investors own 92.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EXLS. Jefferies Financial Group increased their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Needham & Company LLC increased their target price on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Stifel Nicolaus increased their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and an average price target of $47.38.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.