ExlService Holdings, Inc. (NASDAQ:EXLS) Insider Sells $954,952.18 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) insider Vikas Bhalla sold 22,813 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the sale, the insider now owns 102,825 shares of the company’s stock, valued at $4,304,254.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, August 12th, Vikas Bhalla sold 11,190 shares of ExlService stock. The stock was sold at an average price of $34.25, for a total value of $383,257.50.

ExlService Trading Up 0.5 %

Shares of NASDAQ:EXLS opened at $45.73 on Friday. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 2.05 and a beta of 0.99. ExlService Holdings, Inc. has a 12 month low of $26.23 and a 12 month high of $45.88. The company’s fifty day simple moving average is $38.74 and its 200 day simple moving average is $34.33. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. As a group, research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EXLS. Robert W. Baird raised their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and boosted their price objective for the company from $35.00 to $42.00 in a report on Monday, September 9th. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Needham & Company LLC boosted their price target on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised their price objective on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, ExlService currently has an average rating of “Moderate Buy” and a consensus price target of $42.86.

Hedge Funds Weigh In On ExlService

A number of large investors have recently bought and sold shares of EXLS. Ashton Thomas Securities LLC acquired a new stake in shares of ExlService in the third quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. grew its position in ExlService by 164.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 574 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in ExlService in the 1st quarter valued at $30,000. Huntington National Bank lifted its position in ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after buying an additional 1,131 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of ExlService during the 1st quarter worth about $43,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

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.