Ajay Ayyappan Sells 8,114 Shares of ExlService (NASDAQ:EXLS) Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Ajay Ayyappan sold 8,114 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total transaction of $345,088.42. Following the transaction, the executive vice president directly owned 53,515 shares in the company, valued at approximately $2,275,992.95. The trade was a 13.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

ExlService Trading Down 3.0%

Shares of EXLS opened at $38.60 on Friday. ExlService Holdings, Inc. has a 1-year low of $37.30 and a 1-year high of $52.43. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average price is $41.63 and its 200-day moving average price is $41.93. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.60 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. ExlService had a return on equity of 25.60% and a net margin of 11.91%.The firm had revenue of $529.59 million during the quarter, compared to analyst estimates of $522.35 million. During the same quarter in the prior year, the company earned $0.44 EPS. The business’s revenue was up 12.2% compared to the same quarter last year. Sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Institutional Investors Weigh In On ExlService

Institutional investors have recently made changes to their positions in the company. Pictet Asset Management Holding SA raised its holdings in ExlService by 5.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 22,632 shares of the business services provider’s stock worth $961,000 after acquiring an additional 1,270 shares during the last quarter. UBS Group AG raised its stake in shares of ExlService by 103.6% in the fourth quarter. UBS Group AG now owns 1,091,714 shares of the business services provider’s stock worth $46,332,000 after purchasing an additional 555,382 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of ExlService by 77.7% during the fourth quarter. Concurrent Investment Advisors LLC now owns 25,562 shares of the business services provider’s stock valued at $1,085,000 after purchasing an additional 11,175 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of ExlService by 22.6% during the fourth quarter. Teacher Retirement System of Texas now owns 161,502 shares of the business services provider’s stock valued at $6,854,000 after buying an additional 29,724 shares during the last quarter. Finally, M&T Bank Corp boosted its position in shares of ExlService by 869.3% during the fourth quarter. M&T Bank Corp now owns 45,100 shares of the business services provider’s stock valued at $1,874,000 after buying an additional 40,447 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EXLS shares. Wall Street Zen lowered shares of ExlService from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. TD Cowen lowered their target price on shares of ExlService from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, January 9th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of ExlService in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

About ExlService

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.