ExlService Holdings, Inc. (NASDAQ:EXLS – Get Free Report) insider Vikas Bhalla sold 11,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $41.22, for a total value of $453,420.00. Following the completion of the sale, the insider directly owned 98,295 shares in the company, valued at $4,051,719.90. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vikas Bhalla also recently made the following trade(s):
- On Thursday, October 1st, Vikas Bhalla sold 11,000 shares of ExlService stock. The shares were sold at an average price of $35.38, for a total value of $389,180.00.
ExlService Trading Down 0.8%
EXLS traded down $0.35 during midday trading on Tuesday, reaching $42.18. 935,686 shares of the company’s stock traded hands, compared to its average volume of 2,336,425. ExlService Holdings, Inc. has a 52 week low of $24.85 and a 52 week high of $43.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.16 and a quick ratio of 1.24. The firm has a fifty day moving average of $37.43 and a two-hundred day moving average of $32.80. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 1.63 and a beta of 0.84.
ExlService (NASDAQ:EXLS – Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The business services provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.06. The firm had revenue of $633.96 million for the quarter, compared to analyst estimates of $615.51 million. ExlService had a return on equity of 32.53% and a net margin of 11.13%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. On average, equities analysts anticipate that ExlService Holdings, Inc. will post 1.87 earnings per share for the current fiscal year.
Institutional Trading of ExlService
A number of hedge funds have recently modified their holdings of EXLS. Hsbc Holdings PLC increased its stake in shares of ExlService by 32.7% in the 2nd quarter. Hsbc Holdings PLC now owns 330,181 shares of the business services provider’s stock worth $8,391,000 after acquiring an additional 81,379 shares in the last quarter. Legal & General Group Plc bought a new position in shares of ExlService during the second quarter valued at approximately $5,429,000. Squarepoint Ops LLC increased its stake in shares of ExlService by 85.0% during the second quarter. Squarepoint Ops LLC now owns 201,805 shares of the business services provider’s stock valued at $5,219,000 after purchasing an additional 92,697 shares in the last quarter. Walleye Capital LLC lifted its holdings in shares of ExlService by 1,422.3% during the first quarter. Walleye Capital LLC now owns 244,509 shares of the business services provider’s stock valued at $7,445,000 after purchasing an additional 228,447 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in shares of ExlService in the 1st quarter worth approximately $3,794,000. Institutional investors own 92.92% of the company’s stock.
Analysts Set New Price Targets
EXLS has been the topic of a number of research analyst reports. TD Cowen boosted their price objective on shares of ExlService from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. JPMorgan Chase & Co. lifted their target price on shares of ExlService from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, October 29th. Needham & Company LLC boosted their price target on shares of ExlService from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, October 28th. Robert W. Baird set a $45.00 price target on shares of ExlService and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $48.17.
Read Our Latest Stock Analysis on EXLS
About ExlService
ExlService Holdings, Inc, operating under the EXL brand, is a data analytics and digital operations company that helps businesses use data, technology and artificial intelligence to improve decision-making, manage risk and enhance operational performance. Its services include data management, advanced analytics, business process solutions, automation and technology-enabled transformation.
EXL serves clients across industries including insurance, healthcare, banking and capital markets, utilities, travel and transportation, retail, media and manufacturing.
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