ExlService Holdings, Inc. (NASDAQ:EXLS) SVP buys $171,818.52 worth of shares
ExlService Holdings, Inc. (NASDAQ:EXLS- received rating) SVP Ajay Ayyappan acquired 1,263 shares of the company’s stock in a transaction that took place on Wednesday, March 16. The shares were purchased at an average price of $136.04 per share for a total transaction of $171,818.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission available at the SEC website.
Shares of NASDAQ EXLS rose $1.17 during Friday’s trading hours to hit $137.57. The stock had a trading volume of 460,748 shares compared to an average volume of 202,898. The company’s 50-day moving average is $123.50 and its 200-day moving average is $127.70. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 1.95 and a beta of 0.96. ExlService Holdings, Inc. has a 12-month low of $84.89 and a 12-month high of $146.20.
ExlService (NASDAQ:EXLS – received rating) last announced its quarterly results on Thursday, February 24. The business services company reported earnings per share of $0.99 for the quarter, beating analysts’ consensus estimate of $0.94 by $0.05. ExlService had a return on equity of 19.27% and a net margin of 10.23%. The company had revenue of $295.50 million for the quarter, compared to analysts’ expectations of $290.53 million. In the same period last year, the company reported earnings per share of $0.98. The company’s revenue increased 18.7% compared to the prior-year quarter. Research analysts are forecasting that ExlService Holdings, Inc. will report earnings per share of 4.22 for the year to date.
Several brokers have commented on EXLS. Zacks Investment Research lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Friday, March 4th. Citigroup lowered its target price on ExlService to $127.00 from $136.00 and gave the company a neutral rating in a research note on Friday, February 25. Bank of America upgraded ExlService to a “buy” rating from a “neutral” rating and raised its price target on the company to $143.00 from $132.00 in a research note on Tuesday, March 1. Finally, in a report on Monday, February 28, Cowen upgraded ExlService to a rating of “outperform” from a “market perform” rating and increased its price target on the stock to $145.00 from $135.00. Four research analysts have rated the stock with a hold rating and two with a buy rating. According to data from MarketBeat.com, ExlService currently has an average rating of Hold and a consensus target of $142.20.
Major investors have recently changed their positions in the business. BNP Paribas Arbitrage SA increased its position in ExlService by 151.5% in the third quarter. BNP Paribas Arbitrage SA now owns 42,331 shares of the corporate services provider, valued at $5,212,000, having purchased an additional 25,502 shares during the period. Morgan Stanley increased its position in ExlService by 32.0% in the third quarter. Morgan Stanley now owns 170,142 shares of the corporate services provider, valued at $20,948,000, having purchased an additional 41,260 shares during the period. Raymond James & Associates increased its holding in ExlService stock by 1,550.5% during the third quarter. Raymond James & Associates now owns 32,547 shares of the corporate services provider, valued at $4,007,000, after purchasing an additional 30,575 shares last quarter. The Maryland State Retirement & Pension System acquired a new interest in stock of ExlService valued at $1,645,000 during the third quarter. Finally, Exchange Traded Concepts LLC acquired a new interest in stock of ExlService valued at $1,335,000 during the third quarter. Hedge funds and other institutional investors own 91.62% of the company’s shares.
About ExlService (received rating)
ExlService Holdings, Inc is an operations management and analytics company engaged in the delivery of business process management. It operates through the following segments: Insurance, Healthcare, Travel, Transportation & Logistics, Finance & Accounting, Analytics and All Others. The Insurance segment serves property and casualty insurance, life insurance, disability insurance, annuity and pension companies.
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