ExlService (NASDAQ:EXLS) Stock: Insider Vikas Bhalla Sells 11,000 Shares

ExlService Holdings, Inc. (NASDAQ:EXLS) insider Vikas Bhalla sold 11,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $41.22, for a total value of $453,420.00. Following the completion of the sale, the insider directly owned 98,295 shares of the company’s stock, valued at $4,051,719.90. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vikas Bhalla also recently made the following trade(s):

• On Thursday, October 1st, Vikas Bhalla sold 11,000 shares of ExlService stock. The stock was sold at an average price of $35.38, for a total value of $389,180.00.

ExlService Trading Up 2.3%

NASDAQ:EXLS opened at $43.12 on Thursday. The company has a market capitalization of $6.50 billion, a PE ratio of 23.15, a P/E/G ratio of 1.47 and a beta of 0.83. ExlService Holdings, Inc. has a 52-week low of $24.85 and a 52-week high of $43.88. The stock’s 50 day moving average price is $37.64 and its 200 day moving average price is $32.80. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.54.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, October 27th. The business services provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.06. The company had revenue of $633.96 million during the quarter, compared to analysts’ expectations of $615.51 million. ExlService had a return on equity of 32.53% and a net margin of 11.13%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 earnings per share. On average, research analysts anticipate that ExlService Holdings, Inc. will post 1.88 EPS for the current year.

Hedge Funds Weigh In On ExlService

A number of hedge funds and other institutional investors have recently bought and sold shares of EXLS. BlackRock Inc. purchased a new position in shares of ExlService in the 2nd quarter valued at about $488,370,000. Bank of America Corp DE acquired a new stake in shares of ExlService in the second quarter valued at about $48,189,000. Bank of New York Mellon Corp purchased a new stake in ExlService during the second quarter worth about $25,214,000. Deutsche Bank AG purchased a new stake in ExlService during the second quarter worth about $19,355,000. Finally, Bank of Nova Scotia acquired a new position in ExlService during the second quarter worth about $17,821,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on EXLS shares. Stifel Nicolaus raised their price objective on shares of ExlService from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Needham & Company LLC upped their target price on shares of ExlService from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Weiss Ratings raised ExlService from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, October 26th. Finally, JPMorgan Chase & Co. boosted their price target on ExlService from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, ExlService has a consensus rating of “Moderate Buy” and an average price target of $48.17.

About ExlService

ExlService Holdings, Inc, operating under the EXL brand, is a data analytics and digital operations company that helps businesses use data, technology and artificial intelligence to improve decision-making, manage risk and enhance operational performance. Its services include data management, advanced analytics, business process solutions, automation and technology-enabled transformation.

EXL serves clients across industries including insurance, healthcare, banking and capital markets, utilities, travel and transportation, retail, media and manufacturing.