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Ajay Ayyappan, Executive Vice President and General Counsel at ExlService Holdings, Inc. (NASDAQ:EXLS), a $7.75 billion market cap company with a "GREAT" InvestingPro Financial Health score, recently sold shares of the company’s common stock. According to a recent SEC filing, Ayyappan sold 1,865 shares on February 28, 2025, at an average price of $48.32 per share, totaling approximately $90,116.
In addition to the sale, Ayyappan also executed other transactions. On February 27, 2025, he acquired 3,991 shares through the conversion of restricted stock units, which were granted under the company’s 2018 Omnibus Incentive Plan. This transaction did not involve any cash exchange as the units converted on a one-for-one basis into common stock.
Furthermore, Ayyappan disposed of 2,126 shares on the same day to fulfill tax obligations at a price of $48.63 per share, amounting to $103,387.
Following these transactions, Ayyappan holds a total of 40,986 shares in ExlService Holdings. The sale was conducted under a pre-established 10b5-1 trading plan, which allows company insiders to sell a predetermined number of shares at a specified time. The stock has shown impressive performance, delivering a 50.65% return over the past year. For detailed valuation analysis and 15 additional key insights, check out the comprehensive research available on InvestingPro.
In other recent news, ExlService reported fourth-quarter 2024 earnings that surpassed market expectations, with revenue reaching $481.4 million, exceeding the forecast of $475.91 million. The company’s adjusted earnings per share (EPS) came in at $0.44, beating the predicted $0.42, driven by a 16.3% year-over-year revenue increase. Analysts at Needham responded to these results by raising their price target for ExlService from $50 to $60, maintaining a Buy rating, while Stifel upheld a Buy rating with a $48 price target. ExlService’s digital operations and analytics segments showed significant growth, with digital operations increasing by 18% and analytics by 14% year-over-year. The company also added 17 new client logos during the quarter, reflecting strong market demand.
ExlService’s financial health was highlighted by maintaining healthy profit margins and expanding its customer base, securing eight new digital operations clients and nine in analytics during the quarter. The firm’s positive outlook is bolstered by its effective execution and continuous rollout of AI-focused solutions. Analysts noted that ExlService’s shares trade at a premium, but the risk-reward balance remains favorable. Stifel mentioned that ExlService’s 2025 revenue and EPS consensus aligns with the upper end of the company’s guidance, projecting an 11-13% year-over-year growth for revenue and an 11-14% growth for EPS. Despite a forecasted $10 million foreign exchange headwind for FY25, ExlService’s underlying business momentum is considered strong by analysts.
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