ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Ajay Ayyappan Sells 16,186 Shares

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Ajay Ayyappan sold 16,186 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the sale, the executive vice president now directly owns 40,986 shares in the company, valued at $2,110,779. This represents a 28.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

ExlService Stock Down 0.1 %

NASDAQ EXLS opened at $50.97 on Thursday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 52 week low of $28.16 and a 52 week high of $52.43. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 44.71, a PEG ratio of 2.17 and a beta of 1.03. The company has a fifty day moving average of $47.18 and a two-hundred day moving average of $41.95.

Institutional Investors Weigh In On ExlService

Several large investors have recently added to or reduced their stakes in the stock. Mather Group LLC. purchased a new position in ExlService during the 4th quarter worth $25,000. Kestra Investment Management LLC bought a new position in shares of ExlService during the 4th quarter worth $26,000. Ashton Thomas Securities LLC purchased a new position in shares of ExlService during the third quarter valued at $27,000. Huntington National Bank raised its holdings in shares of ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,131 shares in the last quarter. Finally, USA Financial Formulas purchased a new stake in ExlService in the fourth quarter worth about $58,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

About ExlService

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.