Insider Selling: ExlService Holdings, Inc. (NASDAQ:EXLS) CEO Sells $4,207,000.00 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $42.07, for a total value of $4,207,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,190,240 shares of the company’s stock, valued at $50,073,396.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Rohit Kapoor also recently made the following trade(s):

• On Friday, November 1st, Rohit Kapoor sold 100,000 shares of ExlService stock. The stock was sold at an average price of $41.45, for a total value of $4,145,000.00.
• On Thursday, August 29th, Rohit Kapoor sold 35,000 shares of ExlService stock. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00.
• On Thursday, August 8th, Rohit Kapoor sold 40,000 shares of ExlService stock. The stock was sold at an average price of $34.05, for a total transaction of $1,362,000.00.

ExlService Stock Up 0.5 %

Shares of NASDAQ:EXLS opened at $45.73 on Friday. The company’s fifty day moving average is $38.74 and its two-hundred day moving average is $34.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService Holdings, Inc. has a 1-year low of $26.23 and a 1-year high of $45.88. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 40.11, a price-to-earnings-growth ratio of 2.05 and a beta of 0.99.

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

Wall Street Analyst Weigh In

EXLS has been the subject of several recent analyst reports. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $35.00 to $42.00 in a report on Monday, September 9th. Needham & Company LLC increased their target price on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lifted their price target on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Finally, Citigroup increased their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $42.86.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its position in ExlService by 18.2% in the 1st quarter. Russell Investments Group Ltd. now owns 257,029 shares of the business services provider’s stock valued at $8,174,000 after purchasing an additional 39,537 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new stake in shares of ExlService during the first quarter valued at approximately $19,417,000. Vanguard Group Inc. boosted its position in shares of ExlService by 0.9% during the first quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock worth $546,208,000 after buying an additional 160,723 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in ExlService in the 1st quarter worth approximately $4,501,000. Finally, Bessemer Group Inc. increased its position in ExlService by 7.8% in the 1st quarter. Bessemer Group Inc. now owns 629,845 shares of the business services provider’s stock valued at $20,030,000 after acquiring an additional 45,336 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

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.