Anita Mahon Sells 10,558 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) Stock

On March 11th, 2023, Anita Mahon, the Executive Vice President of ExlService Holdings, Inc. (NASDAQ:EXLS), sold 10,558 shares of the company’s stock. The shares were sold at an average price of $45.92, resulting in a total transaction value of $484,823.36. After this sale, Mahon now holds 94,443 shares of EXLS, which are valued at approximately $4,336,822.56. This sale represents a 10.06% reduction in Mahon’s stake in the company. The details of the transaction were filed with the Securities and Exchange Commission (SEC).

Current Stock Performance

As of Thursday, the value of ExlService stock fell by $0.71, bringing its price down to $45.41. During this trading session, the company saw a volume of 1,030,594 shares traded, which is slightly lower than its average volume of 1,103,487 shares. ExlService has a market capitalization of $7.37 billion, a price-to-earnings (PE) ratio of 39.83, and a price-to-earnings-growth (PEG) ratio of 2.11. The company's beta stands at 1.10, which indicates its volatility compared to the overall market. Furthermore, ExlService has a debt-to-equity ratio of 0.37 and both its quick ratio and current ratio are 3.02. Over the past year, the stock has experienced a 52-week low of $28.16 and a 52-week high of $52.43. The 50-day simple moving average is $48.46, while the 200-day simple moving average is $43.89.

Quarterly Earnings Report

Recently, on February 25th, ExlService released its quarterly earnings results. The company reported an earnings per share (EPS) of $0.34 for the quarter, which was below analysts' expectations of $0.42, by a margin of $0.08. During the quarter, ExlService generated revenues amounting to $481.43 million, surpassing the consensus estimate of $475.68 million. The company reported a return on equity of 23.23% and a net profit margin of 10.61%. Analysts project an EPS of 1.27 for the current fiscal year.

Institutional Investor Activity

Institutional investors have shown varying interest in ExlService in recent months. For example, FMR LLC increased its ownership in ExlService by 39.4% during the fourth quarter, acquiring an additional 2,647,937 shares, which brings its total holdings to 9,364,312 shares valued at approximately $415,588,000. Norges Bank also made a new investment in ExlService valued at about $106,452,000 during the fourth quarter. Additionally, Handelsbanken Fonder AB raised its stake significantly by 313.9%, now holding 2,194,690 shares worth $97,400,000 after increasing its position by 1,664,400 shares. Other notable investments include a new stake from Raymond James Financial Inc. worth around $52,852,000 and Axiom Investors LLC DE’s new position valued at approximately $20,419,000. Currently, institutional investors hold 92.92% of ExlService’s stock.

New Analyst Price Targets

Several analysts have recently updated their price targets for ExlService. Stifel Nicolaus increased its price target from $48.00 to $54.00, maintaining a “buy” rating for the stock. Needham & Company LLC raised its target from $50.00 to $60.00, also rating the stock as a “buy.” Jefferies Financial Group revised its price target upward from $47.00 to $57.00 with a “buy” recommendation. StockNews.com upgraded DenService from a “hold” to a “buy” rating. There is currently one analyst rating the stock as a hold, while eight analysts have given it a buy rating. According to MarketBeat, ExlService has an average rating of “Moderate Buy” with an average price target of $47.38.

About ExlService

ExlService Holdings, Inc. specializes in data analytics and offers digital operations and solutions on both national and international levels. The company has segments in Insurance, Healthcare, Analytics, and Emerging Business. Its services include claims processing, premium and benefit administration, agency management, and various analytics-driven solutions. ExlService leverages digital technology, artificial intelligence, and advanced automation in its operations.

ExlService, Stock, Sale