Insider Selling: ExlService (NASDAQ:EXLS) EVP Sells $35,658.63 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Ajay Ayyappan sold 1,197 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $29.79, for a total transaction of $35,658.63. Following the completion of the transaction, the executive vice president directly owned 53,901 shares of the company’s stock, valued at approximately $1,605,710.79. The trade was a 2.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ajay Ayyappan also recently made the following trade(s):

• On Wednesday, February 18th, Ajay Ayyappan sold 2,275 shares of ExlService stock. The stock was sold at an average price of $30.32, for a total transaction of $68,978.00.
• On Tuesday, January 27th, Ajay Ayyappan sold 8,114 shares of ExlService stock. The shares were sold at an average price of $42.53, for a total value of $345,088.42.

ExlService Stock Up 0.8%

EXLS stock opened at $31.25 on Friday. The company’s 50 day moving average is $37.71 and its 200 day moving average is $40.31. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 1.25 and a beta of 0.88. The company has a current ratio of 2.56, a quick ratio of 2.91 and a debt-to-equity ratio of 0.32. ExlService Holdings, Inc. has a 1-year low of $26.94 and a 1-year high of $48.79.

Analysts Set New Price Targets

EXLS has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price (down from $55.00) on shares of ExlService in a research report on Wednesday. Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. TD Cowen decreased their price objective on ExlService from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday. Robert W. Baird set a $35.00 target price on ExlService in a research note on Wednesday. Finally, Stifel Nicolaus reduced their price target on shares of ExlService from $54.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, ExlService currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.60.

Key Stories Impacting ExlService

Here are the key news stories impacting ExlService this week:

• Positive Sentiment: Q4 beat and raised/above-consensus FY‑2026 guidance — revenue and adjusted EPS topped expectations and management provided FY‑26 EPS guidance that reassured investors on near-term fundamentals. EXL Reports 2025 Fourth Quarter and Year-End Results; Issues 2026 Guidance
• Positive Sentiment: Management guidance and AI push — company projects 9%–11% organic growth for 2026 and is expanding AI-led services and cloud offerings, supporting revenue growth and higher-margin mix upside. ExlService expects 9%-11% organic growth in 2026 while expanding AI-led services
• Positive Sentiment: Strategic capital allocation & product shift — commentary on buybacks, cloud migration and updated targets signals management is prioritizing scalable, higher‑margin initiatives that can support multiple expansion if execution continues. How The ExlService (EXLS) Story Is Shifting With New Targets Buybacks And Cloud Moves
• Neutral Sentiment: Analyst target trims but buy ratings remain — TD Cowen and Stifel cut price targets (to $45 and $46) while keeping Buy ratings, narrowing upside expectations but still implying meaningful upside from current levels. Assessing ExlService Hldgs: Insights From 4 Financial Analysts
• Neutral Sentiment: Short-interest report appears unreliable — February short-interest data shows zero shares (likely a reporting glitch), so there’s no clear short-squeeze pressure indicated.
• Negative Sentiment: Insider selling disclosed — EVP Ajay Ayyappan sold ~1,197 shares recently; while small in dollar terms relative to institutional ownership, insider sales can be viewed negatively by some market participants. SEC Form 4 — Insider Sale
• Negative Sentiment: Technical/momentum headwinds — shares remain below the 50‑ and 200‑day moving averages, which can limit near-term upside until technicals improve and sustain a trend reversal.

Institutional Trading of ExlService

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mather Group LLC. bought a new position in shares of ExlService in the third quarter worth approximately $25,000. CENTRAL TRUST Co boosted its position in ExlService by 2,428.0% during the 3rd quarter. CENTRAL TRUST Co now owns 632 shares of the business services provider’s stock valued at $28,000 after buying an additional 607 shares during the period. Transamerica Financial Advisors LLC boosted its position in ExlService by 285.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 678 shares of the business services provider’s stock valued at $29,000 after buying an additional 502 shares during the period. True Wealth Design LLC grew its holdings in ExlService by 57.2% in the 4th quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock worth $30,000 after acquiring an additional 257 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of ExlService by 56.2% in the fourth quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 258 shares during the period. Institutional investors own 92.92% of the company’s stock.

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.