ExlService (NASDAQ:EXLS) Insider Sells 11,000 Shares of Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) insider Vikas Bhalla sold 11,000 shares of ExlService stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $35.38, for a total transaction of $389,180.00. Following the completion of the sale, the insider owned 109,295 shares in the company, valued at $3,866,857.10. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 3rd, Vikas Bhalla sold 11,000 shares of ExlService stock. The stock was sold at an average price of $34.99, for a total transaction of $384,890.00.

ExlService Price Performance

EXLS stock traded down $0.73 during midday trading on Friday, hitting $35.75. The company’s stock had a trading volume of 2,914,822 shares, compared to its average volume of 2,326,824. The company’s fifty day moving average price is $35.32 and its 200 day moving average price is $31.32. ExlService Holdings, Inc. has a twelve month low of $24.85 and a twelve month high of $43.88. The stock has a market capitalization of $5.42 billion, a P/E ratio of 22.48, a PEG ratio of 1.38 and a beta of 0.84.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.04. The company had revenue of $594.76 million during the quarter, compared to analysts’ expectations of $573.94 million. ExlService had a return on equity of 30.61% and a net margin of 11.17%.ExlService’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. Equities analysts expect that ExlService Holdings, Inc. will post 1.82 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on EXLS. Robert W. Baird set a $45.00 price target on ExlService and gave the stock an “outperform” rating in a research report on Thursday, July 30th. TD Cowen reissued a “buy” rating and issued a $45.00 target price (up from $43.00) on shares of ExlService in a research note on Thursday, August 27th. Weiss Ratings raised shares of ExlService from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, September 2nd. Needham & Company LLC increased their price target on shares of ExlService from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Barrington Research set a $43.00 price objective on shares of ExlService in a research report on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $44.50.

Hedge Funds Weigh In On ExlService

Institutional investors and hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc lifted its stake in shares of ExlService by 14.6% during the 3rd quarter. Versant Capital Management Inc now owns 2,261 shares of the business services provider’s stock worth $78,000 after buying an additional 288 shares during the last quarter. QRG Capital Management Inc. lifted its position in ExlService by 3.2% during the second quarter. QRG Capital Management Inc. now owns 14,604 shares of the business services provider’s stock worth $378,000 after acquiring an additional 447 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of ExlService by 9.5% during the second quarter. Sequoia Financial Advisors LLC now owns 7,791 shares of the business services provider’s stock worth $201,000 after acquiring an additional 676 shares during the period. Tidal Investments LLC acquired a new position in shares of ExlService in the second quarter valued at approximately $512,000. Finally, Squarepoint Ops LLC increased its stake in shares of ExlService by 85.0% during the second quarter. Squarepoint Ops LLC now owns 201,805 shares of the business services provider’s stock worth $5,219,000 after purchasing an additional 92,697 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

About ExlService

ExlService Holdings, Inc (NASDAQ: EXLS), commonly known as EXL, is a data analytics and digital operations company that helps organizations use data, artificial intelligence and technology to improve business performance. The company combines analytics, digital transformation and business process expertise to support decision-making, streamline operations and manage complex workflows.

EXL provides services and technology solutions across areas including insurance, healthcare, banking and capital markets, retail and consumer goods, utilities, media, travel and transportation.