ExlService Holdings, Inc. (NASDAQ:EXLS) CEO Rohit Kapoor Sells 100,000 Shares

ExlService Holdings, Inc. (NASDAQ:EXLS) CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total value of $4,687,000.00. Following the transaction, the chief executive officer now owns 689,645 shares in the company, valued at $32,323,661.15. This trade represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Rohit Kapoor also recently made the following trade(s):

• On Friday, November 8th, Rohit Kapoor sold 100,000 shares of ExlService stock. The stock was sold at an average price of $45.66, for a total value of $4,566,000.00.
• On Monday, November 4th, Rohit Kapoor sold 100,000 shares of ExlService stock. The shares were sold at an average price of $42.07, for a total value of $4,207,000.00.
• On Friday, November 1st, Rohit Kapoor sold 100,000 shares of ExlService stock. The stock was sold at an average price of $41.45, for a total value of $4,145,000.00.
• On Thursday, August 29th, Rohit Kapoor sold 35,000 shares of ExlService stock. The stock was sold at an average price of $36.18, for a total value of $1,266,300.00.

ExlService Stock Performance

NASDAQ:EXLS traded down $0.74 during midday trading on Thursday, reaching $45.42. 991,317 shares of the company traded hands, compared to its average volume of 955,196. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService Holdings, Inc. has a twelve month low of $27.27 and a twelve month high of $47.32. The company has a fifty day moving average price of $39.37 and a 200 day moving average price of $34.72. The firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 40.49, a price-to-earnings-growth ratio of 2.28 and a beta of 0.99.

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

Institutional Trading of ExlService

Several hedge funds have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new stake in shares of ExlService during the 3rd quarter valued at $27,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of 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 purchasing an additional 574 shares during the period. New Covenant Trust Company N.A. bought a new stake in ExlService during the 1st quarter valued at $30,000. Huntington National Bank increased its holdings in shares of ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,131 shares during the period. Finally, Headlands Technologies LLC grew its position in ExlService by 269.0% in the first quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider’s stock worth $51,000 after acquiring an additional 1,162 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Robert W. Baird upped 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. JPMorgan Chase & Co. raised their price objective on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research report on Wednesday. Citigroup increased their target price on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Finally, Needham & Company LLC raised their price objective on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One 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 presently has a consensus rating of “Moderate Buy” and a consensus target price 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.