ExlService Holdings, Inc. (NASDAQ:EXLS) Insider Vikas Bhalla Sells 22,813 Shares

ExlService Holdings, Inc. (NASDAQ:EXLS) insider Vikas Bhalla sold 22,813 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the transaction, the insider now owns 102,825 shares in the company, valued at approximately $4,304,254.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, August 12th, Vikas Bhalla sold 11,190 shares of ExlService stock. The stock was sold at an average price of $34.25, for a total value of $383,257.50.

ExlService Price Performance

ExlService stock traded up $2.07 during midday trading on Wednesday, hitting $45.15. The company’s stock had a trading volume of 2,003,029 shares, compared to its average volume of 955,118. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $7.26 billion, a PE ratio of 37.79, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. ExlService Holdings, Inc. has a 12 month low of $26.23 and a 12 month high of $45.44. The stock’s 50-day moving average price is $38.19 and its 200-day moving average price is $34.06.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. During the same period in the previous year, the company earned $0.30 EPS. The firm’s revenue was up 14.9% on a year-over-year basis. Analysts anticipate that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EXLS shares. JPMorgan Chase & Co. boosted their price target on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Needham & Company LLC increased their target price on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird lifted their price target on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and upped their price objective for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $42.86.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. William Blair Investment Management LLC lifted its position in shares of ExlService by 46.5% in the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock worth $159,871,000 after purchasing an additional 1,618,003 shares in the last quarter. Fiera Capital Corp boosted its stake in shares of ExlService by 497.8% in the third quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider’s stock valued at $30,549,000 after buying an additional 666,805 shares during the period. Silvercrest Asset Management Group LLC acquired a new position in ExlService in the first quarter valued at about $19,417,000. Handelsbanken Fonder AB raised its position in shares of ExlService by 1,216.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider’s stock valued at $20,231,000 after buying an additional 490,000 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in ExlService by 156.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,100 shares of the business services provider’s stock worth $13,296,000 after purchasing an additional 255,100 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

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.