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

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Ajay Ayyappan sold 4,989 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 40,986 shares of the company’s stock, valued at $2,077,990.20. This represents a 10.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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 transaction of $833,579.00.

ExlService Trading Down 4.8 %

ExlService stock opened at $48.00 on Friday. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 42.11, a P/E/G ratio of 2.11 and a beta of 1.03. The firm has a 50-day moving average of $47.79 and a 200-day moving average of $42.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService Holdings, Inc. has a one year low of $28.16 and a one year high of $52.43.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Algert Global LLC raised its stake in shares of ExlService by 18.0% during the 3rd quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock worth $5,740,000 after purchasing an additional 22,970 shares in the last quarter. Quest Partners LLC lifted its stake in ExlService by 196.8% in the third quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock valued at $2,671,000 after acquiring an additional 46,422 shares during the last quarter. Eagle Asset Management Inc. grew its position in shares of ExlService by 4.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock valued at $27,163,000 after acquiring an additional 29,510 shares during the period. Assetmark Inc. grew its position in shares of ExlService by 107,991.3% in the 3rd quarter. Assetmark Inc. now owns 24,861 shares of the business services provider’s stock valued at $948,000 after acquiring an additional 24,838 shares during the period. Finally, Walleye Capital LLC acquired a new position in shares of ExlService during the 3rd quarter worth about $1,543,000. 92.92% of the stock is owned by institutional investors and hedge funds.

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.