Insider Selling: ExlService Holdings, Inc. (NASDAQ:EXLS) Insider Sells $72,036.25 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) insider Vivek Jetley sold 2,015 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $35.75, for a total transaction of $72,036.25. Following the completion of the transaction, the insider now owns 326,642 shares in the company, valued at $11,677,451.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Vivek Jetley also recently made the following trade(s):

• On Friday, July 12th, Vivek Jetley sold 6,000 shares of ExlService stock. The stock was sold at an average price of $32.75, for a total value of $196,500.00.
• On Tuesday, May 28th, Vivek Jetley sold 4,000 shares of ExlService stock. The shares were sold at an average price of $30.28, for a total value of $121,120.00.

ExlService Trading Up 0.8 %

Shares of ExlService stock opened at $35.63 on Thursday. ExlService Holdings, Inc. has a twelve month low of $25.17 and a twelve month high of $35.83. The company has a quick ratio of 2.54, a current ratio of 2.45 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $32.83 and a 200-day moving average price of $31.28. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 1.74 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The company had revenue of $448.40 million during the quarter, compared to analyst estimates of $444.61 million. During the same period in the prior year, the company earned $0.31 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. Equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. lifted its position in ExlService by 164.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 574 shares during the last quarter. New Covenant Trust Company N.A. purchased a new stake in shares of ExlService during the 1st quarter valued at about $30,000. Principal Securities Inc. bought a new position in shares of ExlService in the 4th quarter valued at about $34,000. Parallel Advisors LLC grew its position in ExlService by 44.6% in the fourth quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock worth $37,000 after acquiring an additional 366 shares in the last quarter. Finally, Grayhawk Investment Strategies Inc. bought a new stake in ExlService during the fourth quarter worth approximately $42,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wedbush upgraded shares of ExlService from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $34.00 to $40.00 in a research note on Wednesday, May 8th. Citigroup upped their target price on shares of ExlService from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of ExlService in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, ExlService presently has a consensus rating of “Moderate Buy” and an average price target of $37.33.

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.