ExlService (NASDAQ:EXLS) Insider Sells $384,890.00 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) insider Vikas Bhalla sold 11,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $34.99, for a total transaction of $384,890.00. Following the sale, the insider owned 130,295 shares in the company, valued at $4,559,022.05. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 transaction of $362,640.00.

ExlService Stock Performance

Shares of NASDAQ EXLS opened at $33.68 on Thursday. ExlService Holdings, Inc. has a 1 year low of $24.85 and a 1 year high of $45.08. The firm has a market cap of $5.11 billion, a P/E ratio of 21.18, a PEG ratio of 1.38 and a beta of 0.80. The stock has a fifty day moving average price of $28.62 and a two-hundred day moving average price of $30.73.

Institutional Investors Weigh In On ExlService

Several hedge funds have recently made changes to their positions in EXLS. JPMorgan Chase & Co. grew its position in ExlService by 9.5% during the 4th quarter. JPMorgan Chase & Co. now owns 5,927,793 shares of the business services provider’s stock worth $251,576,000 after purchasing an additional 514,911 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of ExlService by 109.7% in the fourth quarter. AQR Capital Management LLC now owns 4,118,625 shares of the business services provider’s stock worth $174,794,000 after buying an additional 2,154,652 shares during the period. Handelsbanken Fonder AB grew its holdings in shares of ExlService by 10.7% during the fourth quarter. Handelsbanken Fonder AB now owns 3,781,036 shares of the business services provider’s stock valued at $160,467,000 after buying an additional 364,146 shares in the last quarter. Dimensional Fund Advisors LP raised its position in ExlService by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,902,412 shares of the business services provider’s stock valued at $123,181,000 after buying an additional 32,734 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in ExlService by 71.7% in the 3rd quarter. Squarepoint Ops LLC now owns 1,689,373 shares of the business services provider’s stock worth $74,383,000 after acquiring an additional 705,509 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Analyst Upgrades and Downgrades

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

About ExlService

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.