ExlService (NASDAQ:EXLS) Insider Sells $453,420.00 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) insider Vikas Bhalla sold 11,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $41.22, for a total value of $453,420.00. Following the completion of the sale, the insider directly owned 98,295 shares of the company’s stock, valued at approximately $4,051,719.90. This represents a 10.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 stock was sold at an average price of $35.38, for a total value of $389,180.00.

ExlService Stock Performance

EXLS opened at $43.61 on Friday. ExlService Holdings, Inc. has a 52-week low of $24.85 and a 52-week high of $44.13. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.54. The company has a market cap of $6.58 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 1.51 and a beta of 0.83. The firm’s 50-day moving average price is $37.76 and its 200-day moving average price is $32.81.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, October 27th. The business services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.56 by $0.06. The firm had revenue of $633.96 million during the quarter, compared to analyst estimates of $615.51 million. ExlService had a net margin of 11.13% and a return on equity of 32.53%. ExlService’s revenue was up 19.7% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. As a group, equities analysts anticipate that ExlService Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EXLS has been the subject of a number of research analyst reports. Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Barrington Research lifted their price objective on shares of ExlService from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, October 29th. Robert W. Baird set a $45.00 price objective on shares of ExlService and gave the company an “outperform” rating in a report on Thursday, July 30th. Stifel Nicolaus upped their target price on ExlService from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Finally, Needham & Company LLC upped their target price on ExlService from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, October 28th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, ExlService currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.17.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of ExlService in the 2nd quarter valued at $488,370,000. Bank of America Corp DE acquired a new stake in shares of ExlService in the second quarter worth $48,189,000. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of ExlService by 6.2% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,775,966 shares of the business services provider’s stock worth $61,058,000 after purchasing an additional 103,789 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of ExlService by 54.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,397,701 shares of the business services provider’s stock worth $50,988,000 after purchasing an additional 493,434 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of ExlService during the second quarter worth $25,214,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

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.