ExlService (NASDAQ:EXLS) Insider Vikas Bhalla Sells 10,573 Shares of Company Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) insider Vikas Bhalla sold 10,573 shares of the company’s stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $44.02, for a total transaction of $465,423.46. Following the completion of the transaction, the insider owned 87,722 shares in the company, valued at approximately $3,861,522.44. This represents a 10.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, November 2nd, Vikas Bhalla sold 11,000 shares of ExlService stock. The stock was sold at an average price of $41.22, for a total transaction of $453,420.00.
• On Thursday, October 1st, Vikas Bhalla sold 11,000 shares of ExlService stock. The shares were sold at an average price of $35.38, for a total value of $389,180.00.

ExlService Stock Up 0.7%

EXLS stock traded up $0.31 during midday trading on Friday, hitting $43.41. The company’s stock had a trading volume of 274,549 shares, compared to its average volume of 2,326,212. The firm’s 50-day moving average is $38.33 and its 200-day moving average is $32.84. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.54. ExlService Holdings, Inc. has a 12 month low of $24.85 and a 12 month high of $44.36. The company has a market cap of $6.55 billion, a PE ratio of 25.83, a P/E/G ratio of 1.53 and a beta of 0.83.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, October 27th. The business services provider reported $0.62 EPS for the quarter, topping 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 business had revenue of $633.96 million during the quarter, compared to analyst estimates of $615.51 million. During the same quarter last year, the company earned $0.48 EPS. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. On average, equities research analysts forecast that ExlService Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EXLS shares. Needham & Company LLC increased their price objective on ExlService from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, October 28th. JPMorgan Chase & Co. raised their price target on shares of ExlService from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, October 29th. Weiss Ratings upgraded shares of ExlService from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Stifel Nicolaus boosted 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. Finally, Robert W. Baird set a $45.00 price objective on shares of ExlService and gave the company an “outperform” rating in a research report on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.17.

Institutional Investors Weigh In On ExlService

Several hedge funds and other institutional investors have recently made changes to their positions in EXLS. BlackRock Inc. bought a new position in shares of ExlService in the 2nd quarter worth approximately $488,370,000. Bank of America Corp DE purchased a new stake in ExlService during the second quarter valued at approximately $48,189,000. Fort Washington Investment Advisors Inc. OH increased its holdings in ExlService by 6.2% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,775,966 shares of the business services provider’s stock valued at $61,058,000 after buying an additional 103,789 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in ExlService by 54.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,397,701 shares of the business services provider’s stock worth $50,988,000 after acquiring an additional 493,434 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in ExlService in the second quarter worth approximately $25,214,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

About ExlService

ExlService Holdings, commonly known as EXL, is a global data analytics and digital operations company. Founded in 1999, it helps organizations use data, technology and artificial intelligence to improve business processes and customer experiences. EXL provides services including data and analytics, consulting, automation and business process management. Its work spans industries such as insurance, healthcare, banking and financial services, utilities, retail and travel. The company serves clients in multiple countries through a global network of delivery centers.