ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Sells $477,647.50 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLSGet Rating) EVP Nalin Kumar Miglani sold 2,750 shares of the stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $173.69, for a total value of $477,647.50. Following the transaction, the executive vice president now owns 4,294 shares of the company’s stock, valued at $745,824.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

ExlService Trading Up 2.1 %

ExlService stock opened at $169.36 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.02 and a quick ratio of 2.02. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 41.11, a PEG ratio of 1.93 and a beta of 1.02. ExlService Holdings, Inc. has a one year low of $112.14 and a one year high of $191.18. The company’s fifty day moving average price is $176.00 and its two-hundred day moving average price is $168.86.

ExlService (NASDAQ:EXLSGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The business services provider reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.13. The company had revenue of $361.35 million for the quarter, compared to the consensus estimate of $345.71 million. ExlService had a return on equity of 22.52% and a net margin of 10.46%. On average, analysts forecast that ExlService Holdings, Inc. will post 4.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can lifted its position in ExlService by 17.3% in the 1st quarter. Bank of Montreal Can now owns 13,693 shares of the business services provider’s stock valued at $1,976,000 after acquiring an additional 2,020 shares in the last quarter. MetLife Investment Management LLC grew its stake in ExlService by 54.1% in the 1st quarter. MetLife Investment Management LLC now owns 17,536 shares of the business services provider’s stock valued at $2,512,000 after buying an additional 6,159 shares during the last quarter. Rhumbline Advisers grew its stake in ExlService by 4.1% in the 1st quarter. Rhumbline Advisers now owns 89,554 shares of the business services provider’s stock valued at $12,830,000 after buying an additional 3,535 shares during the last quarter. BlackRock Inc. grew its stake in ExlService by 1.4% in the 1st quarter. BlackRock Inc. now owns 5,054,281 shares of the business services provider’s stock valued at $724,125,000 after buying an additional 67,935 shares during the last quarter. Finally, Westwood Holdings Group Inc. acquired a new position in ExlService in the 1st quarter valued at about $264,000. Institutional investors own 95.84% of the company’s stock.

Analyst Upgrades and Downgrades

EXLS has been the topic of a number of research reports. Citigroup raised their price target on ExlService from $140.00 to $145.00 in a research note on Friday, October 28th. StockNews.com cut ExlService from a “buy” rating to a “hold” rating in a report on Friday. Cowen lifted their price objective on ExlService to $175.00 in a research report on Tuesday, November 1st. JPMorgan Chase & Co. lifted their price objective on ExlService from $190.00 to $195.00 in a research report on Thursday, December 15th. Finally, Needham & Company LLC upped their price objective on ExlService from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, October 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $167.71.

About ExlService

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ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services across the insurance industry in areas, 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.

Further Reading

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

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