Ajay Ayyappan Sells 8,114 Shares of ExlService (NASDAQ:EXLS) Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Ajay Ayyappan sold 8,114 shares of the stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total transaction of $345,088.42. Following the sale, the executive vice president directly owned 53,515 shares of the company’s stock, valued at $2,275,992.95. The trade was a 13.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

ExlService Stock Down 1.8%

EXLS traded down $0.71 during midday trading on Wednesday, reaching $39.78. The company’s stock had a trading volume of 1,564,509 shares, compared to its average volume of 1,113,595. ExlService Holdings, Inc. has a 1 year low of $37.30 and a 1 year high of $52.43. The stock’s 50-day moving average is $41.61 and its 200-day moving average is $41.97. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 1.72 and a beta of 0.91. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.43.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, October 28th. The business services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $529.59 million for the quarter, compared to analysts’ expectations of $522.35 million. ExlService had a return on equity of 25.60% and a net margin of 11.91%.The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 EPS. As a group, research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. TD Cowen lowered their target price on shares of ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, January 9th. Finally, Wall Street Zen lowered ExlService from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Institutional Investors Weigh In On ExlService

Hedge funds have recently made changes to their positions in the company. Invesco Ltd. grew its holdings in ExlService by 193.6% during the 2nd quarter. Invesco Ltd. now owns 4,645,745 shares of the business services provider’s stock worth $203,437,000 after acquiring an additional 3,063,510 shares in the last quarter. AQR Capital Management LLC increased its stake in ExlService by 540.4% during the 3rd quarter. AQR Capital Management LLC now owns 1,963,973 shares of the business services provider’s stock valued at $86,474,000 after purchasing an additional 1,657,317 shares in the last quarter. Amundi acquired a new position in shares of ExlService in the 3rd quarter valued at $67,862,000. Schroder Investment Management Group acquired a new stake in shares of ExlService during the second quarter worth about $60,415,000. Finally, Jane Street Group LLC lifted its position in ExlService by 534.2% during the second quarter. Jane Street Group LLC now owns 1,354,599 shares of the business services provider’s stock valued at $59,318,000 after purchasing an additional 1,141,008 shares during the period. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Company Profile

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.