ExlService (NASDAQ:EXLS) EVP Sells $35,658.63 in Stock

February 26, 2026 by InsiderTrades.com

Key Points

EVP Ajay Ayyappan sold 1,197 shares on Feb. 23 at an average price of $29.79 for a total of $35,658.63, trimming his stake by 2.17% to 53,901 shares (worth ~$1.61M); he also completed larger insider sales in Jan. and Feb.
Company update: EXL reported Q4 results that beat expectations and issued upbeat FY‑2026 guidance (EPS 2.14–2.19), with management forecasting 9%–11% organic growth and expanded AI-led services.
Market and analyst context: Shares traded up ~7% to $30.69 but remain below the 50‑ and 200‑day moving averages; analysts have a consensus "Moderate Buy" with an average price target of $43.60 and institutional ownership near 93%.

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) EVP Ajay Ayyappan sold 1,197 shares of the business's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $29.79, for a total transaction of $35,658.63. Following the sale, the executive vice president directly owned 53,901 shares in the company, valued at $1,605,710.79. The trade was a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ajay Ayyappan also recently made the following trade(s):

On Wednesday, February 18th, Ajay Ayyappan sold 2,275 shares of ExlService stock. The stock was sold at an average price of $30.32, for a total value of $68,978.00.
On Tuesday, January 27th, Ajay Ayyappan sold 8,114 shares of ExlService stock. The shares were sold at an average price of $42.53, for a total transaction of $345,088.42.

ExlService Trading Up 7.0%

Shares of NASDAQ:EXLS traded up $2.02 during mid-day trading on Thursday, hitting $30.69. The company had a trading volume of 1,522,535 shares, compared to its average volume of 2,047,645. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 2.91. The firm has a fifty day moving average price of $38.18 and a 200 day moving average price of $40.45. The company has a market capitalization of $4.87 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 1.16 and a beta of 0.88. ExlService Holdings, Inc. has a one year low of $26.94 and a one year high of $50.60.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Needham & Company LLC restated a "buy" rating and issued a $40.00 target price (down from $55.00) on shares of ExlService in a research note on Wednesday. Weiss Ratings reiterated a "hold (c+)" rating on shares of ExlService in a research report on Thursday, January 22nd. TD Cowen lowered their price target on shares of ExlService from $51.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday. Robert W. Baird set a $35.00 target price on shares of ExlService in a report on Wednesday. Finally, Stifel Nicolaus reduced their target price on ExlService from $54.00 to $46.00 and set a "buy" rating on the stock in a report on Thursday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.60.

Get Our Latest Report on ExlService

Institutional Investors Weigh In On ExlService

Several hedge funds and other institutional investors have recently modified their holdings of EXLS. JPMorgan Chase & Co. raised its position in shares of ExlService by 9.5% during the 4th quarter. JPMorgan Chase & Co. now owns 5,927,793 shares of the business services provider's stock valued at $251,576,000 after purchasing an additional 514,911 shares during the period. Geneva Capital Management LLC lifted its position in shares of ExlService by 7.7% in the second quarter. Geneva Capital Management LLC now owns 5,013,398 shares of the business services provider's stock worth $219,537,000 after buying an additional 357,833 shares in the last quarter. Invesco Ltd. boosted its stake in ExlService by 193.6% during the second quarter. Invesco Ltd. now owns 4,645,745 shares of the business services provider's stock valued at $203,437,000 after buying an additional 3,063,510 shares during the last quarter. AQR Capital Management LLC grew its holdings in ExlService by 109.7% during the 4th quarter. AQR Capital Management LLC now owns 4,118,625 shares of the business services provider's stock valued at $174,794,000 after buying an additional 2,154,652 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in ExlService by 10.7% in the 4th quarter. Handelsbanken Fonder AB now owns 3,781,036 shares of the business services provider's stock worth $160,467,000 after acquiring an additional 364,146 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService News Roundup

Here are the key news stories impacting ExlService this week:

Positive Sentiment: Q4 results beat and company-issued upbeat FY‑2026 guidance — EXL reported revenue and adjusted EPS above consensus and gave FY‑26 EPS guidance (2.14–2.19) above the street, underscoring stronger near-term fundamentals. EXL Reports 2025 Fourth Quarter and Year-End Results; Issues 2026 Guidance
Positive Sentiment: Management projects continued organic growth (9%–11%) and is expanding AI-led services — this provides a clear growth runway that investors often reward, especially given EXL’s focus on higher‑value cloud/AI offerings. ExlService expects 9%-11% organic growth in 2026 while expanding AI-led services
Positive Sentiment: Strategic moves — commentary on buybacks, cloud migration and updated targets suggests management is shifting capital allocation and product mix toward higher‑margin, scalable offerings, which can support multiple expansion if executed. How The ExlService (EXLS) Story Is Shifting With New Targets Buybacks And Cloud Moves
Neutral Sentiment: Analyst price target lowered by Stifel — PT cut from $54 to $46, though the firm kept a Buy rating; that narrows some upside expectations but still implies meaningful upside from current levels. Exlservice (EXLS) PT Lowered to $46 at Stifel, Buy Rating Reiterated
Negative Sentiment: Insider sale disclosed — EVP Ajay Ayyappan sold ~1,197 shares; while modest in size, insider selling can be perceived negatively by some investors. SEC Form 4 — Insider Sale
Negative Sentiment: Technical/momentum risk — the shares remain below their 50‑ and 200‑day moving averages, which can limit near‑term upside as technical investors wait for a sustained trend reversal.

ExlService Company Profile

(Get Free Report)

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.