Insider Selling: ExlService Holdings, Inc. (EXLS) Director Sells 6,918 Shares of Stock
ExlService Holdings, Inc. (NASDAQ:EXLS) Director Clyde W. Ostler sold 6,918 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $62.02, for a total transaction of $429,054.36. Following the sale, the director now directly owns 13,066 shares in the company, valued at approximately $810,353.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of ExlService Holdings, Inc. (NASDAQ EXLS) traded down $0.24 during trading hours on Tuesday, reaching $62.32. 101,763 shares of the company traded hands, compared to its average volume of 142,400. The firm has a market capitalization of $2,130.00, a PE ratio of 25.95, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30. ExlService Holdings, Inc. has a 52-week low of $42.69 and a 52-week high of $62.92. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.08.
ExlService Holdings (NASDAQ:EXLS) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.03. The firm had revenue of $192.30 million for the quarter, compared to analysts’ expectations of $191.20 million. ExlService Holdings had a net margin of 9.94% and a return on equity of 14.81%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 earnings per share. research analysts predict that ExlService Holdings, Inc. will post 2.12 EPS for the current fiscal year.
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Several analysts have recently issued reports on EXLS shares. Zacks Investment Research cut shares of ExlService Holdings from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 14th. Citigroup Inc. cut shares of ExlService Holdings from a “buy” rating to a “neutral” rating and increased their price target for the stock from $54.00 to $59.00 in a research report on Tuesday, July 18th. BidaskClub cut shares of ExlService Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Cowen and Company reissued a “buy” rating and set a $54.00 price target on shares of ExlService Holdings in a research report on Friday, July 28th. Finally, Barrington Research set a $65.00 price target on shares of ExlService Holdings and gave the stock an “outperform” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $62.33.
Institutional investors have recently made changes to their positions in the business. Huntington National Bank increased its stake in ExlService Holdings by 82.8% in the second quarter. Huntington National Bank now owns 2,007 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 909 shares during the last quarter. Riverhead Capital Management LLC increased its stake in ExlService Holdings by 61.7% in the second quarter. Riverhead Capital Management LLC now owns 2,264 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 864 shares during the last quarter. Personal Capital Advisors Corp purchased a new position in ExlService Holdings in the second quarter valued at approximately $212,000. Sei Investments Co. increased its stake in ExlService Holdings by 105.3% in the second quarter. Sei Investments Co. now owns 3,899 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Fortaleza Asset Management Inc. purchased a new position in ExlService Holdings in the second quarter valued at approximately $230,000. Institutional investors own 94.05% of the company’s stock.
ExlService Holdings Company Profile
ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.
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