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

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

Market Performance of ExlService Stock

As of Thursday, the stock of ExlService was trading at $45.41, reflecting a decrease of 1.5%. The trading volume for the day reached 1,030,594 shares, while the average volume stands at 1,103,487. ExlService has a market capitalization of $7.37 billion and displays a price-to-earnings (PE) ratio of 39.83, alongside a price-to-earnings-growth (PEG) ratio of 2.11. The company exhibits a debt-to-equity ratio of 0.37 and both a quick ratio and current ratio of 3.02. The stock has seen a 52-week low of $28.16 and a high of $52.43, with its 50-day and 200-day simple moving averages at $48.46 and $43.89 respectively.

Recent Earnings Overview

ExlService recently released its quarterly earnings report on February 25th. The results showed an earnings per share (EPS) of $0.34, which fell short of analysts' expectations of $0.42 by $0.08. The company's revenue for the quarter was reported at $481.43 million, slightly above the consensus estimate of $475.68 million. ExlService achieved a return on equity of 23.23% and had a net margin of 10.61%. Analysts project that the company will report an EPS of 1.27 for the current fiscal year.

Institutional Investor Activity

Several institutional investors have recently adjusted their holdings in ExlService. FMR LLC raised its stake by 39.4% during the fourth quarter, now owning 9,364,312 shares valued at around $415.6 million. Norges Bank also took a new position valued at approximately $106.45 million in the same period. Similarly, Handelsbanken Fonder AB increased its investment significantly by 313.9%, acquiring 1,664,400 additional shares for a total of 2,194,690 shares worth about $97.4 million. Other investors, including Raymond James Financial Inc. and Axiom Investors LLC DE, have also acquired new shares in ExlService. Currently, institutional investors hold approximately 92.92% of the company's stock.

Analyst Ratings and Price Targets

Various analysts have recently updated their price targets for ExlService. Stifel Nicolaus raised its price target from $48.00 to $54.00 with a "buy" rating. Needham & Company LLC increased its target from $50.00 to $60.00, also recommending a "buy" stance. Jefferies Financial Group set a new target range of $47.00 to $57.00 and upgraded their outlook on January 21st. Additionally, StockNews.com classified ExlService from a "hold" to a "buy" rating. Presently, one analyst suggests holding the stock, while eight recommend purchasing, indicating a general consensus of a "Moderate Buy" rating with an average price target of $47.38.

About ExlService Holdings, Inc.

ExlService Holdings, Inc. is a global data analytics and digital operations company. Its operations are divided into several segments including Insurance, Healthcare, Analytics, and Emerging Business. The company offers various services leveraging digital technology, artificial intelligence, and advanced automation for tasks such as claims processing, premium and benefit administration, agency management, and customer service.

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