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

ExlService Holdings, Inc. (NASDAQ:EXLS) CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the sale, the chief financial officer now owns 194,440 shares of the company’s stock, valued at $9,554,781.60. The trade was a 6.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ExlService Price Performance

EXLS opened at $50.49 on Friday. The firm has a market capitalization of $8.12 billion, a PE ratio of 44.29, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02. The business’s 50-day moving average is $46.33 and its two-hundred day moving average is $40.84. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $51.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. ExlService’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 EPS. Research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On ExlService

Several institutional investors and hedge funds have recently bought and sold shares of EXLS. Mather Group LLC. purchased a new position in ExlService during the 4th quarter worth $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of ExlService during the third quarter worth about $27,000. Huntington National Bank grew its stake in shares of ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after acquiring an additional 1,131 shares during the last quarter. USA Financial Formulas acquired a new position in shares of ExlService during the fourth quarter valued at about $58,000. Finally, UMB Bank n.a. raised its position in shares of ExlService by 29.7% in the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 375 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

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.