ExlService Holdings, Inc. (NASDAQ:EXLS) SVP Sells $120,142.00 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) SVP Ajay Ayyappan sold 1,892 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $63.50, for a total value of $120,142.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

ExlService stock traded up $1.18 during mid-day trading on Friday, reaching $65.73. 102,708 shares of the company’s stock were exchanged, compared to its average volume of 134,320. The business has a fifty day simple moving average of $63.03. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 2.56 and a beta of 1.08. ExlService Holdings, Inc. has a one year low of $44.29 and a one year high of $67.68. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.40 and a quick ratio of 3.40.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, April 30th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.17. The firm had revenue of $239.57 million for the quarter, compared to analyst estimates of $238.88 million. ExlService had a return on equity of 13.63% and a net margin of 5.27%. The business’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. As a group, equities research analysts anticipate that ExlService Holdings, Inc. will post 2.3 earnings per share for the current year.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th. BidaskClub cut Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $71.00 target price on shares of ExlService in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $67.20.

A number of institutional investors have recently bought and sold shares of EXLS. Rhumbline Advisers lifted its position in shares of ExlService by 19.3% in the fourth quarter. Rhumbline Advisers now owns 104,339 shares of the business services provider’s stock worth $5,490,000 after purchasing an additional 16,849 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of ExlService by 5.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 28,696 shares of the business services provider’s stock worth $1,510,000 after purchasing an additional 1,519 shares in the last quarter. Comerica Bank lifted its position in shares of ExlService by 0.6% in the fourth quarter. Comerica Bank now owns 33,605 shares of the business services provider’s stock worth $1,881,000 after purchasing an additional 215 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in shares of ExlService in the fourth quarter worth approximately $686,000. Finally, Piedmont Investment Advisors Inc. lifted its position in shares of ExlService by 3.2% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 8,137 shares of the business services provider’s stock worth $428,000 after purchasing an additional 253 shares in the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

About ExlService

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

Further Reading: Overbought

Insider Buying and Selling by Quarter for ExlService (NASDAQ:EXLS)

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