ExlService (NASDAQ:EXLS) EVP Ajay Ayyappan Sells 5,100 Shares of Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Ajay Ayyappan sold 5,100 shares of the business’s stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $44.00, for a total value of $224,400.00. Following the sale, the executive vice president directly owned 43,894 shares of the company’s stock, valued at $1,931,336. This represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

ExlService Stock Up 0.7%

Shares of EXLS stock traded up $0.31 during trading hours on Friday, reaching $43.41. The company had a trading volume of 274,549 shares, compared to its average volume of 2,326,212. ExlService Holdings, Inc. has a 12 month low of $24.85 and a 12 month high of $44.36. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.16 and a quick ratio of 2.16. The business has a fifty day simple moving average of $38.33 and a 200-day simple moving average of $32.84. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 1.53 and a beta of 0.83.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, October 27th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.06. The business had revenue of $633.96 million during the quarter, compared to the consensus estimate of $615.51 million. ExlService had a return on equity of 32.53% and a net margin of 11.13%. ExlService’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 earnings per share. On average, research analysts expect that ExlService Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ExlService

Hedge funds have recently modified their holdings of the stock. AlphaGrep UK Ltd bought a new position in shares of ExlService in the third quarter worth $247,000. First Trust Advisors LP raised its stake in shares of ExlService by 472.7% during the 3rd quarter. First Trust Advisors LP now owns 282,156 shares of the business services provider’s stock valued at $9,700,000 after purchasing an additional 232,888 shares during the period. Private Wealth Asset Management LLC purchased a new stake in ExlService during the 3rd quarter worth about $208,000. Composition Wealth LLC lifted its holdings in ExlService by 7.8% during the 3rd quarter. Composition Wealth LLC now owns 21,508 shares of the business services provider’s stock worth $739,000 after purchasing an additional 1,559 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in ExlService during the 3rd quarter worth about $8,403,000. Institutional investors own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

EXLS has been the subject of several analyst reports. TD Cowen increased their target price on shares of ExlService from $45.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. JPMorgan Chase & Co. increased their price objective on shares of ExlService from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, October 29th. Barrington Research boosted their target price on ExlService from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, October 29th. Finally, Robert W. Baird set a $45.00 price target on ExlService and gave the company an “outperform” rating in a research report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, ExlService currently has a consensus rating of “Moderate Buy” and an average target price of $48.17.

ExlService Company Profile

ExlService Holdings, commonly known as EXL, is a global data analytics and digital operations company. Founded in 1999, it helps organizations use data, technology and artificial intelligence to improve business processes and customer experiences. EXL provides services including data and analytics, consulting, automation and business process management. Its work spans industries such as insurance, healthcare, banking and financial services, utilities, retail and travel. The company serves clients in multiple countries through a global network of delivery centers.