Insider Selling: ExlService Holdings, Inc. (EXLS) COO Sells 6,000 Shares of Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) COO Pavan Bagai sold 6,000 shares of ExlService Holdings stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $51.45, for a total transaction of $308,700.00. Following the sale, the chief operating officer now owns 67,581 shares of the company’s stock, valued at approximately $3,477,042.45. The sale was disclosed in a document filed with the SEC, which is available through this link.

Pavan Bagai also recently made the following trade(s):

  • On Thursday, May 4th, Pavan Bagai sold 6,000 shares of ExlService Holdings stock. The stock was sold at an average price of $49.49, for a total transaction of $296,940.00.
  • On Wednesday, April 26th, Pavan Bagai sold 8,000 shares of ExlService Holdings stock. The shares were sold at an average price of $47.91, for a total transaction of $383,280.00.
  • On Wednesday, April 12th, Pavan Bagai sold 9,000 shares of ExlService Holdings stock. The stock was sold at an average price of $46.67, for a total transaction of $420,030.00.
  • On Monday, April 10th, Pavan Bagai sold 10,000 shares of ExlService Holdings stock. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00.

ExlService Holdings, Inc. (NASDAQ EXLS) traded up 0.08% during trading on Friday, reaching $52.60. 279,713 shares of the company were exchanged. The firm’s 50 day moving average is $51.16 and its 200 day moving average is $48.37. ExlService Holdings, Inc. has a 52-week low of $42.00 and a 52-week high of $54.78. The stock has a market capitalization of $1.77 billion, a PE ratio of 28.13 and a beta of 1.36.

ExlService Holdings (NASDAQ:EXLS) last posted its earnings results on Tuesday, May 2nd. The business services provider reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.14. ExlService Holdings had a return on equity of 13.59% and a net margin of 9.22%. The business had revenue of $183.03 million during the quarter, compared to the consensus estimate of $176.96 million. During the same quarter last year, the company earned $0.56 EPS. ExlService Holdings’s revenue was up 9.6% on a year-over-year basis. Analysts expect that ExlService Holdings, Inc. will post $2.57 EPS for the current year.

Insider Buying and Selling by Quarter for ExlService Holdings (NASDAQ:EXLS)

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Several research analysts have weighed in on EXLS shares. Wells Fargo & Company reaffirmed a “market perform” rating and set a $50.00 target price (up previously from $48.00) on shares of ExlService Holdings in a research note on Tuesday, May 23rd. Zacks Investment Research raised shares of ExlService Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Cantor Fitzgerald reissued an “overweight” rating and set a $56.00 price target (up previously from $50.00) on shares of ExlService Holdings in a research report on Wednesday, May 3rd. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $54.00 target price on shares of ExlService Holdings in a report on Tuesday, April 11th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $54.00.

Large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of ExlService Holdings by 145,337.4% in the first quarter. BlackRock Inc. now owns 3,986,440 shares of the business services provider’s stock worth $188,797,000 after buying an additional 3,983,699 shares during the period. Vanguard Group Inc. boosted its stake in shares of ExlService Holdings by 4.9% in the first quarter. Vanguard Group Inc. now owns 2,887,499 shares of the business services provider’s stock worth $136,752,000 after buying an additional 135,087 shares during the period. Aberdeen Asset Management PLC UK raised its position in ExlService Holdings by 16.1% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,168,591 shares of the business services provider’s stock valued at $55,344,000 after buying an additional 162,445 shares in the last quarter. Dimensional Fund Advisors LP raised its position in ExlService Holdings by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,160,228 shares of the business services provider’s stock valued at $54,948,000 after buying an additional 13,416 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in ExlService Holdings by 49.7% in the first quarter. Mackenzie Financial Corp now owns 1,022,878 shares of the business services provider’s stock valued at $48,444,000 after buying an additional 339,521 shares in the last quarter. 95.03% of the stock is owned by institutional investors and hedge funds.

ExlService Holdings Company Profile

ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.

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