Vikas Bhalla Sells 22,813 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) insider Vikas Bhalla sold 22,813 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the transaction, the insider now directly owns 102,825 shares of the company’s stock, valued at approximately $4,304,254.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, August 12th, Vikas Bhalla sold 11,190 shares of ExlService stock. The shares were sold at an average price of $34.25, for a total transaction of $383,257.50.

ExlService Stock Performance

Shares of NASDAQ EXLS opened at $45.49 on Friday. 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 Holdings, Inc. has a one year low of $26.23 and a one year high of $45.76. The business’s 50-day moving average price is $38.56 and its two-hundred day moving average price is $34.21. The company has a market capitalization of $7.32 billion, a P/E ratio of 39.90, a price-to-earnings-growth ratio of 2.05 and a beta of 0.99.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 earnings per share. Analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ExlService

Institutional investors and hedge funds have recently modified their holdings of the business. Pathstone Holdings LLC raised its holdings in ExlService by 0.8% during the third quarter. Pathstone Holdings LLC now owns 49,950 shares of the business services provider’s stock valued at $1,906,000 after buying an additional 405 shares in the last quarter. Quest Partners LLC raised its stake in shares of ExlService by 196.8% in the 3rd quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock valued at $2,671,000 after acquiring an additional 46,422 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of ExlService by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,747,332 shares of the business services provider’s stock valued at $104,810,000 after acquiring an additional 21,358 shares in the last quarter. RiverPark Advisors LLC lifted its holdings in ExlService by 22.4% in the 3rd quarter. RiverPark Advisors LLC now owns 9,949 shares of the business services provider’s stock worth $380,000 after purchasing an additional 1,818 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in ExlService by 16.4% during the third quarter. Mutual of America Capital Management LLC now owns 199,799 shares of the business services provider’s stock worth $7,622,000 after purchasing an additional 28,158 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

Wall Street Analysts Forecast Growth

EXLS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Citigroup upped their price objective on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Monday. Robert W. Baird boosted their price objective on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC lifted their target price on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.86.

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.