Vikas Bhalla Sells 12,000 Shares of ExlService (NASDAQ:EXLS) Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) insider Vikas Bhalla sold 12,000 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $30.22, for a total value of $362,640.00. Following the transaction, the insider directly owned 153,295 shares of the company’s stock, valued at approximately $4,632,574.90. This trade represents a 7.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ExlService Price Performance

Shares of NASDAQ EXLS opened at $29.71 on Wednesday. ExlService Holdings, Inc. has a 1-year low of $26.82 and a 1-year high of $48.54. The stock has a fifty day simple moving average of $30.12 and a two-hundred day simple moving average of $34.53. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 1.25 and a beta of 0.82.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. ExlService had a return on equity of 28.50% and a net margin of 11.66%.The firm had revenue of $570.35 million during the quarter, compared to analyst estimates of $557.67 million. During the same period last year, the company earned $0.48 earnings per share. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. Analysts anticipate that ExlService Holdings, Inc. will post 1.79 earnings per share for the current year.

ExlService declared that its board has approved a share buyback program on Tuesday, March 17th that authorizes the company to repurchase $125.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On ExlService

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its position in shares of ExlService by 122.2% in the first quarter. Bank of America Corp DE now owns 1,506,357 shares of the business services provider’s stock worth $45,869,000 after buying an additional 828,520 shares in the last quarter. Bull Harbor Capital LLC purchased a new stake in shares of ExlService in the first quarter worth $284,000. Amundi raised its position in shares of ExlService by 7.4% in the first quarter. Amundi now owns 770,025 shares of the business services provider’s stock worth $23,447,000 after buying an additional 53,229 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of ExlService by 12.2% in the first quarter. EverSource Wealth Advisors LLC now owns 7,751 shares of the business services provider’s stock worth $236,000 after buying an additional 844 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of ExlService by 24.0% in the first quarter. California State Teachers Retirement System now owns 189,097 shares of the business services provider’s stock worth $5,758,000 after buying an additional 36,552 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on EXLS. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target (down from $55.00) on shares of ExlService in a report on Wednesday, February 25th. Barrington Research set a $40.00 price target on ExlService and gave the stock an “outperform” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. raised their price target on ExlService from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Stifel Nicolaus cut their price target on ExlService from $54.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, TD Cowen cut their price target on ExlService from $51.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.

ExlService Company Profile

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.