Insider Selling: ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Sells $484,823.36 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Anita Mahon sold 10,558 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the transaction, the executive vice president now owns 94,443 shares in the company, valued at $4,336,822.56. This represents a 10.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

ExlService Trading Up 1.7 %

Shares of EXLS stock opened at $46.16 on Friday. The stock has a market capitalization of $7.49 billion, a PE ratio of 40.49, a P/E/G ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $52.43. The business has a 50-day moving average of $48.51 and a 200 day moving average of $44.02. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). The company had revenue of $481.43 million for the quarter, compared to analysts’ expectations of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. As a group, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Institutional Investors Weigh In On ExlService

Several institutional investors have recently bought and sold shares of EXLS. Mather Group LLC. purchased a new stake in ExlService during the 4th quarter valued at about $25,000. Kestra Investment Management LLC purchased a new stake in ExlService in the 4th quarter worth approximately $26,000. Ashton Thomas Securities LLC purchased a new stake in ExlService in the 3rd quarter worth approximately $27,000. Huntington National Bank lifted its holdings in ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after buying an additional 1,131 shares during the period. Finally, Morse Asset Management Inc purchased a new stake in ExlService in the 4th quarter worth approximately $49,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on EXLS. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Jefferies Financial Group upped their target price on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Stifel Nicolaus upped their target price on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Needham & Company LLC increased their price objective on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.38.

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.