Jaynie M. Studenmund Sells 3,645 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) Director Jaynie M. Studenmund sold 3,645 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total value of $160,562.25. Following the completion of the sale, the director now directly owns 14,580 shares of the company’s stock, valued at $642,249. The trade was a 20.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ExlService Price Performance

EXLS opened at $46.21 on Friday. The stock has a 50-day moving average price of $40.64 and a 200-day moving average price of $35.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market cap of $7.43 billion, a PE ratio of 40.54, a P/E/G ratio of 2.22 and a beta of 0.99. ExlService Holdings, Inc. has a 1 year low of $27.95 and a 1 year high of $47.32.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. ExlService’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. Sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ExlService

Several large investors have recently modified their holdings of EXLS. Ashton Thomas Securities LLC bought a new stake in ExlService in the 3rd quarter worth about $27,000. Whittier Trust Co. of Nevada Inc. increased its holdings in ExlService by 164.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after buying an additional 574 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in ExlService in the 1st quarter worth about $30,000. Huntington National Bank increased its holdings in ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after buying an additional 1,131 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in ExlService by 28.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock worth $55,000 after buying an additional 391 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Analysts Set New Price Targets

EXLS has been the subject of a number of research analyst reports. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and raised their price objective for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Citigroup raised their price objective on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Robert W. Baird raised their price objective on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC raised their price objective on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.86.

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.