ExlService Holdings, Inc. (NASDAQ:EXLS) Director Jaynie M. Studenmund Sells 3,645 Shares

ExlService Holdings, Inc. (NASDAQ:EXLS) Director Jaynie M. Studenmund sold 3,645 shares of ExlService stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total value of $160,562.25. Following the completion of the transaction, the director now owns 14,580 shares of the company’s stock, valued at approximately $642,249. The trade was a 20.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

ExlService Stock Up 2.9 %

NASDAQ EXLS traded up $1.29 on Thursday, reaching $45.67. The stock had a trading volume of 510,101 shares, compared to its average volume of 950,096. The business has a 50 day moving average price of $40.25 and a 200 day moving average price of $35.25. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 1 year low of $27.95 and a 1 year high of $47.32. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 39.97, a P/E/G ratio of 2.15 and a beta of 0.99.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $472.07 million during the quarter, compared to analysts’ expectations of $460.73 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Needham & Company LLC boosted their price objective on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lifted their target price on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and lifted their target price for the company from $35.00 to $42.00 in a research note on Monday, September 9th. Finally, Robert W. Baird boosted their price objective on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $42.86.

Hedge Funds Weigh In On ExlService

Several large investors have recently added to or reduced their stakes in EXLS. Ashton Thomas Securities LLC acquired a new position in ExlService in the 3rd quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of ExlService by 164.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after acquiring an additional 574 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in ExlService in the first quarter worth about $30,000. Huntington National Bank raised its holdings in ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,131 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of ExlService by 28.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock worth $55,000 after buying an additional 391 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

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.