ExlService Holdings, Inc. (NASDAQ:EXLS) CFO Maurizio Nicolelli Sells 13,753 Shares

ExlService Holdings, Inc. (NASDAQ:EXLS) CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the sale, the chief financial officer now directly owns 194,440 shares in the company, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

ExlService Stock Down 0.6 %

NASDAQ EXLS opened at $49.90 on Thursday. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $51.07. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $46.24 and its two-hundred day moving average is $40.77. The company has a market capitalization of $8.03 billion, a price-to-earnings ratio of 43.77, a PEG ratio of 2.08 and a beta of 1.02.

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, beating analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 earnings per share. Equities analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ExlService

Several large investors have recently made changes to their positions in EXLS. State Street Corp lifted its holdings in ExlService by 1.0% during the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after purchasing an additional 59,196 shares during the last quarter. Geneva Capital Management LLC raised its stake in shares of ExlService by 1.9% in the third quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock valued at $179,092,000 after acquiring an additional 87,592 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of ExlService by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock worth $165,083,000 after acquiring an additional 149,856 shares in the last quarter. Thrivent Financial for Lutherans grew its position in ExlService by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,747,332 shares of the business services provider’s stock worth $104,810,000 after acquiring an additional 21,358 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in ExlService by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider’s stock valued at $82,448,000 after purchasing an additional 9,775 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EXLS. Robert W. Baird increased their price objective on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Jefferies Financial Group raised their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Saturday, January 25th. Needham & Company LLC lifted their target price on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Citigroup upped their price target on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, ExlService has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

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.