Zurcher Kantonalbank Zurich Cantonalbank Sells 20,349 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 19.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,985 shares of the business services provider’s stock after selling 20,349 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ExlService were worth $3,204,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EXLS. Ashton Thomas Securities LLC bought a new position in shares of ExlService during the third quarter worth approximately $27,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of ExlService by 164.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after purchasing an additional 574 shares during the period. Huntington National Bank increased its holdings in shares of ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,131 shares during the period. GAMMA Investing LLC increased its holdings in shares of ExlService by 28.7% during the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock worth $55,000 after purchasing an additional 391 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of ExlService by 29.7% during the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after purchasing an additional 375 shares during the period. 92.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup lifted their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. StockNews.com cut shares of ExlService from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $42.00 in a research note on Monday, September 9th. Robert W. Baird lifted their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.86.

ExlService Stock Performance

NASDAQ EXLS opened at $45.97 on Wednesday. The firm’s fifty day moving average price is $42.03 and its two-hundred day moving average price is $36.28. The stock has a market cap of $7.40 billion, a PE ratio of 40.32, a PEG ratio of 2.24 and a beta of 1.01. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $47.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. ExlService’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. On average, equities analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Transactions at ExlService

In related news, Director Jaynie M. Studenmund sold 3,645 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the transaction, the director now owns 14,580 shares in the company, valued at $642,249. The trade was a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $41.45, for a total transaction of $4,145,000.00. Following the completion of the transaction, the chief executive officer now owns 1,290,240 shares in the company, valued at approximately $53,480,448. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 426,458 shares of company stock worth $18,720,514. Company insiders own 4.16% of the company’s stock.

About ExlService

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.