Key Points
- ExlService insider Vikas Bhalla sold 11,000 shares for $453,420 at an average price of $41.22 under a pre-arranged Rule 10b5-1 plan. He retains 98,295 shares, a 10.06% reduction in his position.
- ExlService beat quarterly earnings and revenue estimates, reporting EPS of $0.62 and revenue of $633.96 million; revenue rose 19.7% year over year.
- Analysts have a consensus “Moderate Buy” rating and an average price target of $48.17; six rate the stock Buy and one rates it Hold.
ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) insider Vikas Bhalla sold 11,000 shares of the company'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 transaction, the insider owned 98,295 shares in the company, valued at $4,051,719.90. This represents a 10.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction of $389,180.00.
ExlService Stock Performance
EXLS stock opened at $42.13 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.16 and a current ratio of 2.16. The stock has a market cap of $6.35 billion, a P/E ratio of 23.37, a P/E/G ratio of 1.49 and a beta of 0.83. The firm has a 50 day simple moving average of $37.52 and a 200 day simple moving average of $32.80. ExlService Holdings, Inc. has a 52 week low of $24.85 and a 52 week high of $43.88.
ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The business services provider reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.06. The firm had revenue of $633.96 million for the quarter, compared to the consensus estimate of $615.51 million. ExlService had a net margin of 11.13% and a return on equity of 32.53%. The firm's revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. Research analysts anticipate that ExlService Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a report on Saturday, September 26th. Needham & Company LLC increased their price objective on ExlService from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, October 28th. Robert W. Baird set a $45.00 price objective on ExlService and gave the company an "outperform" rating in a research report on Thursday, July 30th. Weiss Ratings upgraded ExlService from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, October 26th. Finally, TD Cowen boosted their target price on ExlService from $45.00 to $49.00 and gave the company a "buy" rating in a research note on Thursday, October 29th. Six investment 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 stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.17.
Read Our Latest Report on EXLS
Institutional Trading of ExlService
A number of institutional investors and hedge funds have recently modified their holdings of EXLS. Summit Creek Advisors LLC grew its stake in ExlService by 1.4% in the 3rd quarter. Summit Creek Advisors LLC now owns 185,351 shares of the business services provider's stock valued at $6,372,000 after buying an additional 2,522 shares during the last quarter. Parallel Advisors LLC raised its holdings in ExlService by 41.4% in the 3rd quarter. Parallel Advisors LLC now owns 3,649 shares of the business services provider's stock worth $125,000 after acquiring an additional 1,068 shares during the period. Heritage Family Offices LLP bought a new position in ExlService in the 3rd quarter worth $94,000. Kestra Advisory Services LLC acquired a new position in ExlService during the 3rd quarter worth $262,000. Finally, Commonwealth Equity Services LLC acquired a new position in ExlService during the 3rd quarter worth $232,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.
About ExlService
(
Get Free Report)
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.
Further Reading
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