Insider Selling: ExlService (NASDAQ:EXLS) Insider Sells $384,890.00 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) insider Vikas Bhalla sold 11,000 shares of ExlService stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $34.99, for a total value of $384,890.00. Following the sale, the insider directly owned 130,295 shares in the company, valued at approximately $4,559,022.05. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vikas Bhalla also recently made the following trade(s):

• On Thursday, June 4th, Vikas Bhalla sold 12,000 shares of ExlService stock. The stock was sold at an average price of $30.22, for a total value of $362,640.00.

ExlService Stock Performance

Shares of NASDAQ:EXLS opened at $34.89 on Friday. ExlService Holdings, Inc. has a 52-week low of $24.85 and a 52-week high of $45.08. The firm has a market capitalization of $5.29 billion, a P/E ratio of 21.94, a P/E/G ratio of 1.40 and a beta of 0.80. The stock has a 50 day moving average price of $28.85 and a 200-day moving average price of $30.71.

Hedge Funds Weigh In On ExlService

Hedge funds have recently bought and sold shares of the company. Summit Creek Advisors LLC bought a new position in shares of ExlService in the second quarter worth approximately $4,728,000. First National Bank of Omaha purchased a new position in ExlService in the 2nd quarter worth approximately $1,789,000. Citizens Financial Group Inc. RI purchased a new position in ExlService in the 2nd quarter worth approximately $230,000. UNIVEST FINANCIAL Corp bought a new position in ExlService in the 2nd quarter valued at approximately $4,333,000. Finally, BlackRock Inc. purchased a new stake in ExlService during the 2nd quarter valued at $488,370,000. Institutional investors own 92.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EXLS. Weiss Ratings cut shares of ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 30th. Needham & Company LLC boosted their price objective on shares of ExlService from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Robert W. Baird set a $45.00 price objective on shares of ExlService and gave the stock an “outperform” rating in a report on Thursday, July 30th. TD Cowen reaffirmed a “buy” rating and set a $39.00 target price (down from $45.00) on shares of ExlService in a research note on Thursday, July 9th. Finally, Barrington Research set a $43.00 target price on shares of ExlService in a report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.50.

About ExlService

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.