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

ExlService Holdings, Inc. (NASDAQ:EXLS) insider Vikas Bhalla sold 11,000 shares of ExlService stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $41.22, for a total value of $453,420.00. Following the sale, the insider directly owned 98,295 shares in the company, valued at $4,051,719.90. The trade was a 10.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 1st, Vikas Bhalla sold 11,000 shares of ExlService stock. The stock was sold at an average price of $35.38, for a total value of $389,180.00.

ExlService Trading Down 0.9%

NASDAQ:EXLS opened at $42.13 on Wednesday. ExlService Holdings, Inc. has a 1 year low of $24.85 and a 1 year high of $43.88. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 1.49 and a beta of 0.83. The business has a fifty day moving average of $37.52 and a 200-day moving average of $32.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.16 and a current ratio of 2.16.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, October 27th. The business services provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.06. ExlService had a return on equity of 32.53% and a net margin of 11.13%. The company had revenue of $633.96 million for the quarter, compared to analyst estimates of $615.51 million. During the same period last year, the company earned $0.48 earnings per share. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. Equities analysts predict that ExlService Holdings, Inc. will post 1.88 earnings per share for the current year.

Institutional Trading of ExlService

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXLS. Summit Creek Advisors LLC lifted its position in shares of ExlService by 1.4% in the 3rd quarter. Summit Creek Advisors LLC now owns 185,351 shares of the business services provider’s stock valued at $6,372,000 after acquiring an additional 2,522 shares in the last quarter. Parallel Advisors LLC boosted its stake in ExlService by 41.4% in the 3rd quarter. Parallel Advisors LLC now owns 3,649 shares of the business services provider’s stock worth $125,000 after purchasing an additional 1,068 shares during the period. Heritage Family Offices LLP purchased a new position in ExlService during the 3rd quarter worth approximately $94,000. Kestra Advisory Services LLC purchased a new position in ExlService during the 3rd quarter worth approximately $262,000. Finally, Commonwealth Equity Services LLC acquired a new stake in ExlService during the 3rd quarter valued at $232,000. 92.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXLS has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price target on shares of ExlService from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. Barrington Research increased their price objective on shares of ExlService from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, October 29th. Stifel Nicolaus increased their price objective on shares of ExlService from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 29th. JPMorgan Chase & Co. raised their price objective on shares of ExlService from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, October 29th. Finally, TD Cowen boosted their target price on ExlService from $45.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $48.17.

ExlService Company Profile

ExlService Holdings, Inc, operating under the EXL brand, is a data analytics and digital operations company that helps businesses use data, technology and artificial intelligence to improve decision-making, manage risk and enhance operational performance. Its services include data management, advanced analytics, business process solutions, automation and technology-enabled transformation.

EXL serves clients across industries including insurance, healthcare, banking and capital markets, utilities, travel and transportation, retail, media and manufacturing.