ExlService (NASDAQ:EXLS) Insider Vikas Bhalla Sells 11,000 Shares of Stock

ExlService Holdings, Inc. (NASDAQ:EXLSGet Free Report) insider Vikas Bhalla sold 11,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $34.99, for a total value of $384,890.00. Following the completion of the transaction, the insider directly owned 130,295 shares in the company, valued at approximately $4,559,022.05. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vikas Bhalla also recently made the following trade(s):

  • On Thursday, June 4th, Vikas Bhalla sold 12,000 shares of ExlService stock. The stock was sold at an average price of $30.22, for a total value of $362,640.00.

ExlService Stock Performance

EXLS opened at $34.66 on Friday. The stock has a fifty day moving average of $28.73 and a 200-day moving average of $30.68. The company has a market capitalization of $5.25 billion, a P/E ratio of 21.80, a P/E/G ratio of 1.35 and a beta of 0.80. ExlService Holdings, Inc. has a fifty-two week low of $24.85 and a fifty-two week high of $45.08.

Hedge Funds Weigh In On ExlService

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in ExlService by 9.5% in the fourth quarter. JPMorgan Chase & Co. now owns 5,927,793 shares of the business services provider’s stock valued at $251,576,000 after buying an additional 514,911 shares in the last quarter. AQR Capital Management LLC raised its stake in ExlService by 109.7% during the fourth quarter. AQR Capital Management LLC now owns 4,118,625 shares of the business services provider’s stock worth $174,794,000 after acquiring an additional 2,154,652 shares in the last quarter. Handelsbanken Fonder AB raised its stake in ExlService by 10.7% during the fourth quarter. Handelsbanken Fonder AB now owns 3,781,036 shares of the business services provider’s stock worth $160,467,000 after acquiring an additional 364,146 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of ExlService by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,902,412 shares of the business services provider’s stock worth $123,181,000 after acquiring an additional 32,734 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in shares of ExlService by 71.7% in the third quarter. Squarepoint Ops LLC now owns 1,689,373 shares of the business services provider’s stock worth $74,383,000 after acquiring an additional 705,509 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXLS has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 30th. Needham & Company LLC raised their target price on shares of ExlService from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. TD Cowen reiterated a “buy” rating and issued a $39.00 price target (down from $45.00) on shares of ExlService in a research report on Thursday, July 9th. JPMorgan Chase & Co. increased their price target on ExlService from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Robert W. Baird set a $45.00 price objective on ExlService and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ExlService has an average rating of “Moderate Buy” and a consensus target price of $43.50.

Check Out Our Latest Research Report on EXLS

About ExlService

(Get Free Report)

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.

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Insider Buying and Selling by Quarter for ExlService (NASDAQ:EXLS)

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