ExlService Holdings, Inc. (NASDAQ:EXLS) CEO Rohit Kapoor Sells 100,000 Shares

ExlService Holdings, Inc. (NASDAQ:EXLS) CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total value of $4,687,000.00. Following the completion of the sale, the chief executive officer now owns 689,645 shares of the company’s stock, valued at approximately $32,323,661.15. This trade represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, November 8th, Rohit Kapoor sold 100,000 shares of ExlService stock. The shares were sold at an average price of $45.66, for a total value of $4,566,000.00.
• On Monday, November 4th, Rohit Kapoor sold 100,000 shares of ExlService stock. The stock was sold at an average price of $42.07, for a total value of $4,207,000.00.
• On Friday, November 1st, Rohit Kapoor sold 100,000 shares of ExlService stock. The shares were sold at an average price of $41.45, for a total value of $4,145,000.00.
• On Thursday, August 29th, Rohit Kapoor sold 35,000 shares of ExlService stock. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00.

ExlService Price Performance

EXLS traded down $0.28 on Friday, reaching $45.14. The stock had a trading volume of 60,513 shares, compared to its average volume of 951,166. The firm has a 50-day moving average of $39.56 and a 200-day moving average of $34.79. ExlService Holdings, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $47.32. The company has a market capitalization of $7.26 billion, a price-to-earnings ratio of 39.84, a price-to-earnings-growth ratio of 2.25 and a beta of 0.99. 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 (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. During the same quarter last year, the business earned $0.30 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

EXLS has been the topic of several analyst reports. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and increased their price target for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. JPMorgan Chase & Co. raised their target price on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Citigroup boosted their price target on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Robert W. Baird raised their price objective on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC lifted 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

Hedge Funds Weigh In On ExlService

A number of hedge funds have recently modified their holdings of the business. William Blair Investment Management LLC raised its position in ExlService by 46.5% during the 2nd 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 during the last quarter. Fiera Capital Corp raised its position in shares of ExlService by 497.8% during the third quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider’s stock worth $30,549,000 after acquiring an additional 666,805 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new position in shares of ExlService in the first quarter worth approximately $19,417,000. Handelsbanken Fonder AB boosted its holdings in ExlService by 1,216.2% in the third quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider’s stock valued at $20,231,000 after acquiring an additional 490,000 shares during the last quarter. Finally, Loomis Sayles & Co. L P bought a new position in ExlService during the 3rd quarter worth approximately $17,198,000. Institutional investors and hedge funds 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.