Insider Selling: ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Sells $493,867.50 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Narasimha Kini sold 14,315 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $34.50, for a total transaction of $493,867.50. Following the completion of the sale, the executive vice president now owns 164,723 shares in the company, valued at $5,682,943.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Narasimha Kini also recently made the following trade(s):

• On Friday, July 12th, Narasimha Kini sold 8,435 shares of ExlService stock. The shares were sold at an average price of $33.00, for a total transaction of $278,355.00.

ExlService Trading Down 1.3 %

NASDAQ EXLS opened at $33.96 on Monday. The company has a fifty day simple moving average of $30.80 and a two-hundred day simple moving average of $30.77. The stock has a market cap of $5.69 billion, a P/E ratio of 31.39, a P/E/G ratio of 1.81 and a beta of 1.00. ExlService Holdings, Inc. has a 12-month low of $25.17 and a 12-month high of $34.81. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.35.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $436.51 million for the quarter, compared to analyst estimates of $424.81 million. ExlService had a net margin of 10.92% and a return on equity of 23.13%. On average, analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

EXLS has been the topic of several analyst reports. Wedbush upgraded shares of ExlService from a “neutral” rating to an “outperform” rating and upped their price target for the company from $34.00 to $40.00 in a report on Wednesday, May 8th. Citigroup upped their target price on shares of ExlService from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of ExlService in a research note on Friday, May 3rd. Finally, TD Cowen upped their target price on shares of ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, ExlService currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.33.

Hedge Funds Weigh In On ExlService

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its holdings in ExlService by 439.5% during the third quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 857 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in ExlService during the first quarter valued at $30,000. Principal Securities Inc. purchased a new position in ExlService during the fourth quarter valued at $34,000. Parallel Advisors LLC lifted its holdings in ExlService by 44.6% during the fourth quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 366 shares in the last quarter. Finally, Grayhawk Investment Strategies Inc. purchased a new position in ExlService during the fourth quarter valued at $42,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

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.