Insider Selling: ExlService Holdings, Inc. (NASDAQ:EXLS) CEO Sells 100,000 Shares of Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $45.66, for a total value of $4,566,000.00. Following the transaction, the chief executive officer now owns 789,645 shares in the company, valued at approximately $36,055,190.70. This trade represents a 11.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, November 12th, Rohit Kapoor sold 100,000 shares of ExlService stock. The shares were sold at an average price of $46.87, for a total value of $4,687,000.00.
• 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 value of $4,207,000.00.
• On Friday, November 1st, Rohit Kapoor sold 100,000 shares of ExlService stock. The shares were sold at an average price of $41.45, for a total value of $4,145,000.00.
• On Thursday, August 29th, Rohit Kapoor sold 35,000 shares of ExlService stock. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00.

ExlService Stock Down 1.6 %

Shares of NASDAQ EXLS opened at $45.42 on Friday. The stock has a market cap of $7.31 billion, a PE ratio of 39.84, a PEG ratio of 2.28 and a beta of 0.99. The business has a fifty day moving average of $39.56 and a two-hundred day moving average of $34.79. ExlService Holdings, Inc. has a 52-week low of $27.27 and a 52-week high of $47.32. 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 (NASDAQ:EXLS) last issued its quarterly earnings data 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. The company had revenue of $472.07 million during the quarter, compared to analysts’ expectations of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the business earned $0.30 earnings per share. As a group, equities research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC raised its holdings in shares of ExlService by 5.2% in the first quarter. Janney Montgomery Scott LLC now owns 13,863 shares of the business services provider’s stock valued at $441,000 after buying an additional 682 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of ExlService by 5.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 13,809 shares of the business services provider’s stock valued at $439,000 after buying an additional 723 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of ExlService by 94.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 19,369 shares of the business services provider’s stock valued at $616,000 after buying an additional 9,384 shares during the last quarter. Headlands Technologies LLC raised its holdings in shares of ExlService by 269.0% in the first quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider’s stock valued at $51,000 after buying an additional 1,162 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of ExlService by 18.2% in 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 buying an additional 39,537 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EXLS shares. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. JPMorgan Chase & Co. raised their price objective 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. Needham & Company LLC raised their price objective on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird raised their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Citigroup raised their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.