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

ExlService Holdings, Inc. (NASDAQ:EXLS) insider Vikas Bhalla sold 11,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $34.99, for a total value of $384,890.00. Following the completion of the transaction, the insider owned 130,295 shares of the company’s stock, valued at $4,559,022.05. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, June 4th, Vikas Bhalla sold 12,000 shares of ExlService stock. The shares were sold at an average price of $30.22, for a total value of $362,640.00.

ExlService Stock Up 0.7%

Shares of ExlService stock opened at $34.89 on Friday. The firm has a market cap of $5.29 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 1.39 and a beta of 0.80. ExlService Holdings, Inc. has a 52 week low of $24.85 and a 52 week high of $45.08. The business’s fifty day simple moving average is $28.85 and its 200-day simple moving average is $30.71.

Institutional Investors Weigh In On ExlService

A number of hedge funds have recently added to or reduced their stakes in EXLS. Empowered Funds LLC grew its stake in shares of ExlService by 277.7% in the first quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider’s stock worth $821,000 after acquiring an additional 12,781 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of ExlService by 4.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 497,474 shares of the business services provider’s stock valued at $23,486,000 after acquiring an additional 19,769 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of ExlService in the first quarter valued at $10,084,000. EverSource Wealth Advisors LLC boosted its holdings in ExlService by 575.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,883 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 2,456 shares during the period. Finally, Marshall Wace LLP purchased a new position in ExlService in the second quarter valued at $1,704,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings cut shares of ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 30th. Needham & Company LLC lifted their target price on shares of ExlService from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Barrington Research set a $43.00 target price on ExlService in a research report on Thursday, July 30th. Finally, TD Cowen restated a “buy” rating and set a $39.00 price target (down from $45.00) on shares of ExlService in a research note on Thursday, July 9th. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.50.

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.