Vikas Bhalla Sells 11,774 Shares of ExlService (NASDAQ:EXLS) Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) insider Vikas Bhalla sold 11,774 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total transaction of $470,842.26. Following the sale, the insider owned 115,272 shares in the company, valued at $4,609,727.28. This trade represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, September 10th, Vikas Bhalla sold 8,000 shares of ExlService stock. The shares were sold at an average price of $43.76, for a total transaction of $350,080.00.

ExlService Stock Up 1.8%

EXLS traded up $0.73 during trading hours on Thursday, hitting $40.92. 926,739 shares of the company’s stock were exchanged, compared to its average volume of 1,538,464. The firm has a market cap of $6.49 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 1.87 and a beta of 0.91. ExlService Holdings, Inc. has a 12-month low of $37.30 and a 12-month high of $52.43. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $40.64 and a 200 day moving average of $42.96.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, October 28th. The business services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. ExlService had a net margin of 11.91% and a return on equity of 25.60%. The company had revenue of $529.59 million during the quarter, compared to analysts’ expectations of $522.35 million. During the same quarter last year, the company posted $0.44 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. Analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Institutional Trading of ExlService

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of ExlService by 40.8% in the 1st quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider’s stock valued at $316,540,000 after buying an additional 1,943,471 shares in the last quarter. Geneva Capital Management LLC lifted its position in ExlService by 7.7% in the second quarter. Geneva Capital Management LLC now owns 5,013,398 shares of the business services provider’s stock valued at $219,537,000 after acquiring an additional 357,833 shares during the last quarter. Invesco Ltd. boosted its stake in ExlService by 193.6% in the second quarter. Invesco Ltd. now owns 4,645,745 shares of the business services provider’s stock valued at $203,437,000 after acquiring an additional 3,063,510 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in ExlService by 30.5% in the second quarter. Handelsbanken Fonder AB now owns 3,583,322 shares of the business services provider’s stock valued at $156,914,000 after acquiring an additional 836,632 shares in the last quarter. Finally, Fenimore Asset Management Inc grew its holdings in shares of ExlService by 0.7% during the third quarter. Fenimore Asset Management Inc now owns 2,789,992 shares of the business services provider’s stock worth $122,843,000 after purchasing an additional 18,747 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EXLS. Weiss Ratings downgraded ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Wall Street Zen downgraded ExlService from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, JPMorgan Chase & Co. cut their target price on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.50.

ExlService Company Profile

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.