ExlService Holdings, Inc. (NASDAQ:EXLS) CEO Rohit Kapoor Sells 100,000 Shares

ExlService Holdings, Inc. (NASDAQ:EXLS) CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the completion of the transaction, the chief executive officer now directly owns 689,645 shares in the company, valued at approximately $32,323,661.15. This represents a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Rohit Kapoor also recently made the following trade(s):

• On Friday, November 8th, Rohit Kapoor sold 100,000 shares of ExlService stock. The shares were sold at an average price of $45.66, for a total transaction of $4,566,000.00.
• On Monday, November 4th, Rohit Kapoor sold 100,000 shares of ExlService stock. The shares were sold at an average price of $42.07, for a total transaction of $4,207,000.00.
• On Friday, November 1st, Rohit Kapoor sold 100,000 shares of ExlService stock. The stock was sold at an average price of $41.45, for a total transaction of $4,145,000.00.
• On Thursday, August 29th, Rohit Kapoor sold 35,000 shares of ExlService stock. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00.

ExlService Stock Performance

EXLS traded down $0.74 during trading on Thursday, hitting $45.42. The stock had a trading volume of 991,317 shares, compared to its average volume of 955,196. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a market capitalization of $7.31 billion, a P/E ratio of 40.49, a PEG ratio of 2.28 and a beta of 0.99. The company’s 50-day moving average price is $39.37 and its 200 day moving average price is $34.72. ExlService Holdings, Inc. has a twelve month low of $27.27 and a twelve month high of $47.32.

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

Wall Street Analysts Forecast Growth

EXLS has been the topic of a number of recent analyst reports. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and increased their price target for the stock from $35.00 to $42.00 in a report on Monday, September 9th. Needham & Company LLC lifted their price target on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Citigroup boosted their price target on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. boosted their price objective on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Finally, StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, ExlService currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.86.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Russell Investments Group Ltd. increased its position in shares of ExlService by 18.2% during the first quarter. Russell Investments Group Ltd. now owns 257,029 shares of the business services provider’s stock valued at $8,174,000 after purchasing an additional 39,537 shares during the period. Silvercrest Asset Management Group LLC acquired a new stake in shares of ExlService in the first quarter valued at approximately $19,417,000. Vanguard Group Inc. increased its stake in shares of ExlService by 0.9% during the first quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock worth $546,208,000 after purchasing an additional 160,723 shares during the period. Bessemer Group Inc. increased its position in shares of ExlService by 7.8% in the first quarter. Bessemer Group Inc. now owns 629,845 shares of the business services provider’s stock worth $20,030,000 after purchasing an additional 45,336 shares during the period. Finally, Renaissance Technologies LLC grew its position in ExlService by 317.0% in the second quarter. Renaissance Technologies LLC now owns 255,200 shares of the business services provider’s stock valued at $8,003,000 after acquiring an additional 194,000 shares during the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

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.