ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Ajay Ayyappan Sells 4,989 Shares

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Ajay Ayyappan sold 4,989 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total value of $252,942.30. Following the completion of the sale, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $2,077,990.20. This represents a 10.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 value of $833,579.00.

ExlService Stock Down 4.8 %

Shares of EXLS opened at $48.00 on Friday. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 42.11, a P/E/G ratio of 2.17 and a beta of 1.03. 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 Holdings, Inc. has a 12 month low of $28.16 and a 12 month high of $52.43. The company has a 50-day moving average price of $47.79 and a two-hundred day moving average price of $42.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Algert Global LLC raised its stake in shares of ExlService by 18.0% in the third quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock valued at $5,740,000 after acquiring an additional 22,970 shares during the last quarter. Quest Partners LLC raised its position in ExlService by 196.8% in the 3rd quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock worth $2,671,000 after purchasing an additional 46,422 shares during the last quarter. Eagle Asset Management Inc. raised its position in ExlService by 4.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock worth $27,163,000 after purchasing an additional 29,510 shares during the last quarter. Assetmark Inc. raised its position in ExlService by 107,991.3% in the 3rd quarter. Assetmark Inc. now owns 24,861 shares of the business services provider’s stock worth $948,000 after purchasing an additional 24,838 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in ExlService in the 3rd quarter worth approximately $1,543,000. Institutional investors own 92.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on EXLS. Robert W. Baird lifted their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Needham & Company LLC lifted their target price on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Finally, Jefferies Financial Group lifted their target price on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

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.