Recent Insider Activity Suggests Potential Gains for ExlService Holdings Inc. (EXLS)


ExlService Holdings Inc.’s recent filing unveils that its EVP & Head of Outsourcing Bhalla Vikas unloaded Company’s shares for reported $0.73 million on Aug 23. In the deal valued at $28.23 per share,25,995 shares were sold. As a result of this transaction, Bhalla Vikas now holds 75,730 shares worth roughly $ 2.21 million.

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Then, Minto Anne Elizabeth sold 3 shares, generating $442 in total proceeds. Upon selling the shares at $147.32, the Director now owns 2,533 shares.

Before that, Minto Anne Elizabeth sold 557 shares. ExlService Holdings Inc. shares valued at $85,076 were divested by the Director at a price of $152.74 per share. As a result of the transaction, Minto Anne Elizabeth now holds 0 shares, worth roughly $0.0.

Citigroup upgraded its ExlService Holdings Inc. [EXLS] rating to a Neutral from a a Sell in a research note published on Tuesday. PT values the company’s stock at a premium of 81.74 to its Tuesday closing price.

Price Performance Review of EXLS

On Tuesday, ExlService Holdings Inc. [NASDAQ:EXLS] saw its stock fall -0.27% to $29.22. On the same session, the stock had its day’s lowest price of $28.29, but rose to a high of $29.37. Over the last five days, the stock has gained 1.42%. ExlService Holdings Inc. shares have fallen nearly -13.77% since the year began. Nevertheless, the stocks have fallen -13.13% over the past one year. While a 52-week high of $38.24 was reached on 05/01/23, a 52-week low of $27.16 was recorded on 08/18/23. SMA at 50 days reached $29.49, while 200 days put it at $32.20. A total of 0.97 million shares were traded, compared to the trading of 0.79 million shares in the previous session.

Levels Of Support And Resistance For EXLS Stock

The 24-hour chart illustrates a support level at 28.55, which if violated will result in even more drops to 27.88. On the upside, there is a resistance level at 29.63. A further resistance level may holdings at 30.04. The Relative Strength Index (RSI) on the 14-day chart is 54.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.92%. Stochastics %K at 83.18% indicates the stock is a selling.

How much short interest is there in ExlService Holdings Inc.?

A steep rise in short interest was recorded in ExlService Holdings Inc. stocks on Aug 14, 2023, dropping by -1.3 million shares to a total of 3.19 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.49 million shares. There was a decline of -40.75%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.60% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.65.

ExlService Holdings Inc. [EXLS] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 3,623,642 shares, or roughly 2.19% of the outstanding EXLS shares. In other words, the investor’s shares have risen by 133,369 from its previous 13-F filing of 3490273.0. Additionally, The Vanguard Group, Inc. decreased -1.82% of its stake after which the total value it holdings stand at $458,489,912, while Wellington Management Co. LLP added 2.78% of its stake to hold $260.63 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 218,497 shares of ExlService Holdings Inc., while SSgA Funds Management, Inc. bought 5,993 shares. At present, Mackenzie Financial Corp. is holding 1,046,435 shares valued at $147.5 million. Geneva Capital Management LLC owned 840,323 shares of the company at the time of its most recent 13F filing, worth $118.44 million.

According to FactSet, ExlService Holdings Inc.’s share price will average $35.53 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.82 percent from its previous closing price of $29.30. Analysts expect ExlService Holdings Inc. stock to reach the higher price of $40.00, while the lowest price estimate is $32.40. However, 10 analysts have rated EXLS stock as an Overweight in their predictions for 2023.


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