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

ExlService Holdings, Inc. (NASDAQ:EXLS) recently saw a notable transaction involving its Executive Vice President, Anita Mahon. On March 11th, Mahon sold 10,558 shares of the company's stock at an average price of $45.92. This sale resulted in a total transaction value of $484,823.36. After this sale, Anita Mahon now holds 94,443 shares of ExlService, which are valued at approximately $4,336,822.56. It’s important to note that this sale reduced her position in the stock by 10.06%. This transaction was disclosed in a formal filing with the Securities and Exchange Commission (SEC), providing transparency to investors.

ExlService Stock Performance

On the trading day following this transaction, ExlService stock experienced a decline of 1.5%, closing down $0.71 at $45.41. The trading volume for the day reached 1,030,594 shares, which is slightly lower than the average volume of 1,103,487 shares. The company's current market capitalization stands at $7.37 billion, with a PE ratio of 39.83. ExlService has also reported a price-to-earnings-growth ratio of 2.11 and a beta of 1.10, indicating its volatility in relation to the market. The firm has a solid balance sheet, evidenced by a debt-to-equity ratio of 0.37 and strong liquidity ratios, including a quick ratio of 3.02. Over the past year, ExlService's stock has hit a low of $28.16 and a high of $52.43, reflecting a considerable range of price movement. As of now, the stock's 50-day and 200-day simple moving averages are $48.46 and $43.89, respectively.

Quarterly Earnings Overview

ExlService Holdings, Inc. released its quarterly earnings results on February 25th. During this quarter, the company reported earnings of $0.34 per share, which fell short of analysts’ expectations of $0.42 by $0.08. Revenue for the quarter was reported at $481.43 million, exceeding the consensus estimate of $475.68 million. The company's return on equity stood at 23.23%, and it recorded a net margin of 10.61%. Looking ahead, sell-side analysts predict that ExlService will achieve earnings per share of 1.27 for the current fiscal year, fueling expectations for future performance.

Institutional Investments in ExlService

Institutional interest in ExlService has been significant, with several hedge funds adjusting their stakes in the company. Notably, FMR LLC raised its position by 39.4% in the fourth quarter, now owning 9,364,312 shares valued at around $415,588,000. Other key investors include Norges Bank, which acquired a new position valued at approximately $106,452,000, and Handelsbanken Fonder AB, which lifted its stake by 313.9%, now holding shares valued at $97,400,000. Raymond James Financial and Axiom Investors LLC have also made moves to acquire new positions in ExlService. Overall, institutional investors currently control 92.92% of the company’s stock, indicating strong backing from larger investment entities.

Analysts Provide Insights

Equity research analysts have recently updated their price targets and ratings for ExlService. Stifel Nicolaus raised its price target from $48.00 to $54.00, issuing a "buy" recommendation. Similarly, Needham & Company LLC increased its target to $60.00, also maintaining a