Insider Selling: ExlService Holdings, Inc. (NASDAQ:EXLS) CEO Sells 35,000 Shares of Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) CEO Rohit Kapoor sold 35,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the transaction, the chief executive officer now directly owns 1,424,588 shares in the company, valued at $51,541,593.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Rohit Kapoor also recently made the following trade(s):

• On Thursday, August 8th, Rohit Kapoor sold 40,000 shares of ExlService stock. The stock was sold at an average price of $34.05, for a total transaction of $1,362,000.00.

ExlService Price Performance

Shares of NASDAQ EXLS opened at $35.69 on Friday. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 1.92 and a beta of 1.00. ExlService Holdings, Inc. has a 52 week low of $25.17 and a 52 week high of $36.88. The company’s 50-day moving average price is $34.23 and its 200 day moving average price is $31.70. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $448.40 million for the quarter, compared to analysts’ expectations of $444.61 million. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 EPS. As a group, research analysts forecast that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ExlService

Hedge funds have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of ExlService by 164.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after purchasing an additional 574 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of ExlService during the 1st quarter worth about $30,000. Principal Securities Inc. acquired a new stake in shares of ExlService during the 4th quarter worth about $34,000. Parallel Advisors LLC boosted its stake in shares of ExlService by 44.6% during the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock worth $37,000 after purchasing an additional 366 shares during the last quarter. Finally, Grayhawk Investment Strategies Inc. acquired a new stake in shares of ExlService during the 4th quarter worth about $42,000. 92.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EXLS shares. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of ExlService in a research note on Friday, August 2nd. Citigroup upped their price target 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.60.

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.