Insider Selling: ExlService Holdings, Inc. (NASDAQ:EXLS) CEO Sells 100,000 Shares of Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $45.66, for a total value of $4,566,000.00. Following the completion of the transaction, the chief executive officer now directly owns 789,645 shares in the company, valued at $36,055,190.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, November 4th, Rohit Kapoor sold 100,000 shares of ExlService stock. The stock was sold at an average price of $42.07, for a total value of $4,207,000.00.
• 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 value of $1,266,300.00.

ExlService Stock Performance

NASDAQ EXLS opened at $46.16 on Thursday. The company has a market cap of $7.43 billion, a PE ratio of 40.49, a price-to-earnings-growth ratio of 2.28 and a beta of 0.99. The stock’s 50 day simple moving average is $39.37 and its 200-day simple moving average is $34.72. ExlService Holdings, Inc. has a 1-year low of $27.10 and a 1-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.

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

Institutional Investors Weigh In On ExlService

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of ExlService by 0.9% in the first quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock valued at $546,208,000 after purchasing an additional 160,723 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of ExlService by 3.2% in the second quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock valued at $238,869,000 after purchasing an additional 233,108 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of ExlService by 46.5% in the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock valued at $159,871,000 after purchasing an additional 1,618,003 shares during the last quarter. Geneva Capital Management LLC increased its holdings in shares of ExlService by 1.9% in the third quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock valued at $179,092,000 after purchasing an additional 87,592 shares during the last quarter. Finally, Boston Trust Walden Corp increased its holdings in shares of ExlService by 1.2% in the second quarter. Boston Trust Walden Corp now owns 3,760,723 shares of the business services provider’s stock valued at $117,936,000 after purchasing an additional 46,302 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup upped their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Robert W. Baird upped their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Needham & Company LLC increased their price target on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group upgraded 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 research report on Monday, September 9th. Finally, StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.