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

On Tuesday, March 11th, Anita Mahon, the Executive Vice President of ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report), completed the 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. Following this sale, Mahon now directly owns 94,443 shares of ExlService, which are valued at approximately $4,336,822.56. This recent transaction marks a 10.06% decline in her ownership stake in the company. Details of this trade were disclosed in a legal filing made with the Securities and Exchange Commission (SEC), which is accessible through this link.

ExlService Stock Performance

During mid-day trading on Thursday, ExlService's stock price dropped by 1.5%, reaching $45.41. This price movement occurred alongside a trading volume of 1,030,594 shares, slightly below its average volume of 1,103,487 shares. Currently, ExlService boasts a market capitalization of $7.37 billion. The stock's price-to-earnings (PE) ratio stands at 39.83, while the price-to-earnings-growth ratio is 2.11, with a beta of 1.10. The company maintains a debt-to-equity ratio of 0.37 and has both a quick ratio and a current ratio of 3.02. Over the past year, ExlService shares have seen a low of $28.16 and a high of $52.43. The 50-day simple moving average for the stock is $48.46, and the 200-day simple moving average is $43.89.

On February 25th, ExlService published its quarterly earnings report, revealing earnings per share (EPS) of $0.34. This figure fell short of analysts' consensus estimate of $0.42 by $0.08. The company also reported revenue of $481.43 million, surpassing the consensus estimate of $475.68 million. ExlService achieved a return on equity of 23.23% and a net margin of 10.61%. Analysts project that ExlService Holdings, Inc. 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. Notably, FMR LLC increased its stake in the company by 39.4% during the fourth quarter. They now hold 9,364,312 shares valued at $415,588,000 after acquiring an additional 2,647,937 shares. Norges Bank also established a new position in ExlService during this period, worth approximately $106,452,000. Additionally, Handelsbanken Fonder AB increased its stake by 313.9%, bringing its total holdings to 2,194,690 shares valued at $97,400,000 after acquiring 1,664,400 shares. Raymond James Financial Inc. and Axiom Investors LLC DE also made significant investments in ExlService, contributing to 92.92% of the company’s shares currently being held by institutional investors.

Analysts' Recommendations

Equity analysts have recently provided updates on EXLS shares. Stifel Nicolaus raised its price target for ExlService from $48.00 to $54.00, assigning a