Ajay Ayyappan Sells 1,865 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Ajay Ayyappan sold 1,865 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $48.32, for a total transaction of $90,116.80. Following the completion of the sale, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at $1,980,443.52. This represents a 4.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, February 19th, Ajay Ayyappan sold 4,989 shares of ExlService stock. The shares were sold at an average price of $50.70, for a total transaction of $252,942.30.
• On Monday, February 10th, Ajay Ayyappan sold 16,186 shares of ExlService stock. The stock was sold at an average price of $51.50, for a total value of $833,579.00.

ExlService Price Performance

Shares of EXLS stock traded down $0.62 on Monday, reaching $47.83. The company had a trading volume of 1,751,593 shares, compared to its average volume of 1,104,882. The business’s 50-day moving average is $48.13 and its 200 day moving average is $43.31. ExlService Holdings, Inc. has a one year low of $28.16 and a one year high of $52.43. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $7.69 billion, a PE ratio of 41.96, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08). The company had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On ExlService

Several hedge funds have recently modified their holdings of EXLS. Algert Global LLC raised its position in ExlService by 18.0% in the third quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock valued at $5,740,000 after purchasing an additional 22,970 shares during the last quarter. Quest Partners LLC increased its stake in shares of ExlService by 196.8% in the third quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock valued at $2,671,000 after buying an additional 46,422 shares during the period. Eagle Asset Management Inc. raised its holdings in ExlService by 4.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock valued at $27,163,000 after buying an additional 29,510 shares during the last quarter. Assetmark Inc. raised its holdings in ExlService by 107,991.3% in the 3rd quarter. Assetmark Inc. now owns 24,861 shares of the business services provider’s stock valued at $948,000 after buying an additional 24,838 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in ExlService during the 3rd quarter worth approximately $1,543,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on EXLS shares. Needham & Company LLC lifted their price objective on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Jefferies Financial Group increased their price objective on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus boosted their target price on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.38.

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.