Anita Mahon Sells 10,558 Shares of ExlService Holdings, Inc.

Anita Mahon, the Executive Vice President of ExlService Holdings, Inc. (NASDAQ:EXLS), executed a transaction on March 11th in which she sold 10,558 shares of the company's stock. The shares were sold at an average price of $45.92, culminating in a total transaction value of $484,823.36. Following this sale, Mahon now directly holds 94,443 shares of ExlService, which amounts to approximately $4,336,822.56 based on current valuations.

This sale represents a 10.06% reduction in Mahon’s ownership stake in the company. The details of the transaction were filed with the Securities and Exchange Commission (SEC), and the filing can be accessed through the official SEC website.

Current Performance of ExlService Stock

As of Thursday’s midday trading session, ExlService stock experienced a decline of 1.5%, decreasing by $0.71 to reach a price of $45.41. The trading volume was reported at 1,030,594 shares, slightly below the average volume of 1,103,487 shares. ExlService Holdings boasts a market capitalization of $7.37 billion, and its price-to-earnings (P/E) ratio stands at 39.83, along with a price-to-earnings-growth (PEG) ratio of 2.11. Additionally, the company has a beta of 1.10, indicating its volatility compared to the overall market.

Financial indicators for ExlService show a debt-to-equity ratio of 0.37 and liquidity ratios (quick and current) of 3.02. The stock has fluctuated between a fifty-two week low of $28.16 and a high of $52.43. Its 50-day and 200-day simple moving averages are currently at $48.46 and $43.89, respectively.

Earnings Report

ExlService recently released its quarterly earnings results on February 25th. The company reported earnings of $0.34 per share, which fell short of analyst expectations that averaged $0.42 per share by $0.08. For the same quarter, ExlService reported revenue of $481.43 million, exceeding the consensus estimate of $475.68 million. The firm also recorded a return on equity of 23.23% and a net margin of 10.61%. Projections for the current fiscal year suggest that ExlService will achieve an earnings per share (EPS) of 1.27.

Institutional Investor Activities

Recently, several institutional investors have adjusted their positions in ExlService. FMR LLC increased its holdings by 39.4% in the fourth quarter, now owning 9,364,312 shares valued at approximately $415.58 million after acquiring an additional 2,647,937 shares. Norges Bank took a new stake in ExlService, valued around $106.45 million, during the same quarter. Moreover, Handelsbanken Fonder AB expanded its investment by 313.9%, acquiring 2,194,690 shares worth about $97.4 million. Additional investments include Raymond James Financial and Axiom Investors, both of which entered new positions during the fourth quarter. Currently, institutional investors own approximately 92.92% of ExlService stock.

Analysts' Predictions

Equities analysts have been actively reviewing ExlService shares. Stifel Nicolaus raised their price target from $48.00 to $54.00 while maintaining a "buy" rating as of February 27th. Similarly, Needham & Company LLC increased their price target from $50.00 to $60.00 also assigning it a "buy" rating. Jefferies Financial Group raised their target from $47.00 to $57.00, endorsing a "buy" rating. Furthermore, StockNews.com upgraded ExlService from a "hold" to a "buy" rating on February 2nd. The general sentiment among analysts indicates a diverse outlook, with one maintaining a hold rating while eight others recommend buying, resulting in an average rating of "Moderate Buy" with a price target of $47.38.

About ExlService

ExlService Holdings, Inc. operates as a provider of data analytics and digital operations solutions on a global scale. It functions through various segments including Insurance, Healthcare, Analytics, and Emerging Business. The company offers services such as claims processing, data analytics, policy management, customer service, and many others using digital technology, artificial intelligence, and advanced automation.

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