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

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Ajay Ayyappan sold 1,865 shares of the stock in a transaction that occurred on 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 owns 40,986 shares in the company, valued at $1,980,443.52. This represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 transaction of $833,579.00.

ExlService Price Performance

Shares of EXLS opened at $47.83 on Tuesday. The stock has a market capitalization of $7.76 billion, a P/E ratio of 41.96, a P/E/G ratio of 2.11 and a beta of 1.03. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $52.43. The company has a 50 day moving average of $48.13 and a 200-day moving average of $43.31. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate 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%. As a group, equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Hedge Funds Weigh In On ExlService

Hedge funds and other institutional investors have recently made changes to their positions in the company. Algert Global LLC grew its stake in shares of 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 buying an additional 22,970 shares in the last quarter. Quest Partners LLC grew 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 in the last quarter. Eagle Asset Management Inc. grew its stake in shares of ExlService by 4.3% in the third 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 in the last quarter. Assetmark Inc. grew its stake in shares of ExlService by 107,991.3% in the third 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 in the last quarter. Finally, Walleye Capital LLC bought a new position in shares of ExlService in the third quarter valued at $1,543,000. 92.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on EXLS. Needham & Company LLC raised their target price on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Jefferies Financial Group raised their target price on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Finally, Stifel Nicolaus raised their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.