Anita Mahon Sells 10,558 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Anita Mahon sold 10,558 shares of ExlService 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 sale, the executive vice president now owns 94,443 shares of the company’s stock, valued at approximately $4,336,822.56. The trade was a 10.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

ExlService Stock Down 1.5 %

ExlService stock traded down $0.71 during mid-day trading on Thursday, reaching $45.41. The stock had a trading volume of 1,030,594 shares, compared to its average volume of 1,103,487. The firm has a market capitalization of $7.37 billion, a PE ratio of 39.83, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $52.43. The stock’s 50-day simple moving average is $48.46 and its 200-day simple moving average is $43.89.

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

Hedge Funds Weigh In On ExlService

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of ExlService by 39.4% during the 4th quarter. FMR LLC now owns 9,364,312 shares of the business services provider’s stock valued at $415,588,000 after purchasing an additional 2,647,937 shares during the last quarter. Norges Bank purchased a new position in shares of ExlService in the 4th quarter valued at approximately $106,452,000. Handelsbanken Fonder AB lifted its stake in shares of ExlService by 313.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock valued at $97,400,000 after purchasing an additional 1,664,400 shares during the period. Raymond James Financial Inc. purchased a new position in shares of ExlService in the 4th quarter valued at approximately $52,852,000. Finally, Axiom Investors LLC DE bought a new position in ExlService during the 4th quarter valued at approximately $20,419,000. 92.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EXLS shares. Stifel Nicolaus boosted their price objective on ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Needham & Company LLC upped their price objective on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Jefferies Financial Group upped their price objective on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. One investment 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, ExlService presently has an average rating of “Moderate Buy” and an average price target 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.