Ajay Ayyappan Sells 4,989 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Ajay Ayyappan sold 4,989 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total transaction of $252,942.30. Following the completion of the sale, the executive vice president now owns 40,986 shares of the company’s stock, valued at $2,077,990.20. The trade was a 10.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Ajay Ayyappan also recently made the following trade(s):

• On Monday, February 10th, Ajay Ayyappan sold 16,186 shares of ExlService stock. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00.

ExlService Stock Performance

EXLS stock opened at $48.00 on Friday. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $52.43. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The company has a market cap of $7.72 billion, a P/E ratio of 42.11, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. The business’s fifty day moving average is $47.79 and its 200-day moving average is $42.76.

Hedge Funds Weigh In On ExlService

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of ExlService by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider’s stock worth $699,925,000 after buying an additional 215,485 shares during the period. FMR LLC grew its holdings in ExlService by 39.4% during the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider’s stock valued at $415,588,000 after purchasing an additional 2,647,937 shares during the period. State Street Corp increased its stake in ExlService by 1.0% in the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after purchasing an additional 59,196 shares in the last quarter. Geneva Capital Management LLC raised its holdings in ExlService by 1.9% in the third quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock worth $179,092,000 after purchasing an additional 87,592 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of ExlService by 3.6% during the third quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock worth $165,083,000 after purchasing an additional 149,856 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EXLS. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Jefferies Financial Group boosted their target price on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Needham & Company LLC upped their price target on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird lifted their price objective on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

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.