ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Anita Mahon Sells 10,558 Shares

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Anita Mahon sold 10,558 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the sale, the executive vice president now directly owns 94,443 shares of the company’s stock, valued at approximately $4,336,822.56. This trade represents a 10.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

ExlService Trading Down 1.5 %

NASDAQ:EXLS opened at $45.41 on Friday. The firm has a market cap of $7.37 billion, a PE ratio of 39.83, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. The stock has a fifty day moving average price of $48.46 and a 200 day moving average price of $43.89. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $52.43. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). The company had revenue of $481.43 million during the quarter, compared to analysts’ expectations of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. Sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EXLS shares. Stifel Nicolaus raised their target price on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Needham & Company LLC raised their target price on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Jefferies Financial Group raised their target price on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EXLS. FMR LLC boosted its holdings in ExlService by 39.4% in the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider’s stock valued at $415,588,000 after purchasing an additional 2,647,937 shares during the period. Norges Bank purchased a new stake in ExlService during the 4th quarter worth about $106,452,000. Handelsbanken Fonder AB lifted its holdings in ExlService by 313.9% during the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock worth $97,400,000 after buying an additional 1,664,400 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in ExlService during the 4th quarter worth about $52,852,000. Finally, Axiom Investors LLC DE purchased a new stake in ExlService during the 4th quarter worth about $20,419,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

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.