Insider Selling: ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Sells 4,989 Shares of Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Ajay Ayyappan sold 4,989 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total value of $252,942.30. Following the transaction, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at $2,077,990.20. This trade represents a 10.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, February 10th, Ajay Ayyappan sold 16,186 shares of ExlService stock. The shares were sold at an average price of $51.50, for a total value of $833,579.00.

ExlService Price Performance

Shares of EXLS stock traded down $2.43 during trading hours on Friday, reaching $48.00. The company’s stock had a trading volume of 2,010,775 shares, compared to its average volume of 942,852. The firm’s 50 day simple moving average is $47.79 and its 200-day simple moving average is $42.70. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 42.11, a PEG ratio of 2.17 and a beta of 1.03. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $52.43. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

Institutional Investors Weigh In On ExlService

A number of large investors have recently modified their holdings of EXLS. Creative Planning boosted its holdings in shares of ExlService by 70.7% in the 3rd quarter. Creative Planning now owns 37,402 shares of the business services provider’s stock valued at $1,427,000 after purchasing an additional 15,489 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of ExlService by 19.0% in the 3rd quarter. Blue Trust Inc. now owns 4,936 shares of the business services provider’s stock valued at $188,000 after purchasing an additional 789 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of ExlService by 7.8% in the 3rd quarter. Private Advisor Group LLC now owns 10,218 shares of the business services provider’s stock valued at $390,000 after purchasing an additional 742 shares in the last quarter. NorthCrest Asset Manangement LLC acquired a new stake in shares of ExlService during the 3rd quarter valued at $930,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of ExlService by 5.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,345 shares of the business services provider’s stock valued at $509,000 after acquiring an additional 653 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Robert W. Baird increased their price target on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Jefferies Financial Group upped their price objective on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, Needham & Company LLC upped their price objective on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.00.

About ExlService

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.