Insider Selling: ExlService Holdings, Inc. (NASDAQ:EXLS) Director Sells $160,562.25 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the sale, the director now directly owns 14,580 shares in the company, valued at approximately $642,249. The trade was a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

ExlService Stock Up 1.2 %

Shares of NASDAQ EXLS opened at $46.21 on Friday. ExlService Holdings, Inc. has a one year low of $27.95 and a one year high of $47.32. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The firm’s 50 day simple moving average is $40.64 and its two-hundred day simple moving average is $35.44. The stock has a market capitalization of $7.43 billion, a P/E ratio of 40.54, a PEG ratio of 2.22 and a beta of 0.99.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. During the same period last year, the business earned $0.30 earnings per share. The business’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EXLS. Ashton Thomas Securities LLC bought a new position in shares of ExlService in the third quarter worth approximately $27,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of ExlService by 164.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after purchasing an additional 574 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in shares of ExlService in the first quarter worth approximately $30,000. Huntington National Bank grew its holdings in shares of ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,131 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of ExlService by 28.7% in the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock worth $55,000 after purchasing an additional 391 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXLS has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and increased their price target for the stock from $35.00 to $42.00 in a report on Monday, September 9th. JPMorgan Chase & Co. raised their target price on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Needham & Company LLC raised their target price on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

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.