Anita Mahon Sells 10,558 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) Executive Vice President Anita Mahon recently sold 10,558 shares of the company's stock on March 11th. The shares were sold at an average price of $45.92 each, resulting in a total transaction value of $484,823.36. Following this transaction, Mahon now directly holds 94,443 shares of ExlService, which are valued at approximately $4,336,822.56. This sale marks a decrease of 10.06% in her overall position in the company. The details of this transaction were disclosed in a legal filing with the Securities and Exchange Commission (SEC).

ExlService Stock Performance

On Thursday, ExlService stock experienced a decline, trading down $0.71 to reach $45.41. The trading volume was 1,030,594 shares, which is slightly lower than the average trading volume of 1,103,487 shares. The company has a market capitalization of $7.37 billion, a price-to-earnings (PE) ratio of 39.83, a price-to-earnings-growth (PEG) ratio of 2.11, and a beta value of 1.10. Currently, ExlService has a debt-to-equity ratio of 0.37. Additionally, the stock's quick ratio and current ratio both stand at 3.02. Over the past 52 weeks, ExlService has seen a low of $28.16 and a high of $52.43. The average 50-day moving average for the stock is $48.46, while the 200-day moving average sits at $43.89.

Recent Earnings Report

ExlService published its latest quarterly earnings results on February 25th. The company reported earnings per share (EPS) of $0.34, which fell short of analysts' expectations of $0.42 by $0.08. In terms of revenue, ExlService generated $481.43 million, surpassing the consensus estimate of $475.68 million. The company also reported a return on equity of 23.23% and a net margin of 10.61%. Analysts forecast an EPS of 1.27 for ExlService Holdings, Inc. for the current fiscal year.

Institutional Investor Activity

Recently, several institutional investors have changed their stakes in ExlService. For instance, FMR LLC raised its holdings in ExlService by 39.4% during the 4th quarter, bringing its total to 9,364,312 shares, valued at $415,588,000. Norges Bank also entered a new position in ExlService worth approximately $106,452,000 during the same period. Meanwhile, Handelsbanken Fonder AB increased its stake by 313.9%, now owning 2,194,690 shares valued at $97,400,000. Additionally, Raymond James Financial Inc. and Axiom Investors LLC DE have acquired new positions in the stock valued at approximately $52,852,000 and $20,419,000, respectively. Currently, about 92.92% of ExlService's shares are owned by institutional investors.

Analyst Ratings and Price Targets

Several analysts have recently updated their price targets for ExlService. Stifel Nicolaus lifted its price target from $48.00 to $54.00 and assigned a "buy" rating. Needham & Company LLC increased its target from $50.00 to $60.00 while maintaining a "buy" rating. Jefferies Financial Group raised their price target from $47.00 to $57.00 with a similar rating. Lastly, StockNews.com upgraded ExlService from a "hold" to a "buy" rating. Currently, there is one analyst recommending a hold on the stock, while eight have rated it as a buy. Data from MarketBeat reveals that ExlService holds an average rating of "Moderate Buy” with an average price target of $47.38.

Company Overview

ExlService Holdings, Inc. operates as a data analytics and digital operations solutions provider, both in the United States and internationally. The company is divided into several segments, including Insurance, Healthcare, Analytics, and Emerging Business. ExlService provides various services, including claims processing, premium administration, customer service supported by advanced technology like artificial intelligence and machine learning, among others.

Anita, Mahon, ExlService