ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 62.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 446,605 shares of the business services provider's stock after purchasing an additional 171,912 shares during the period. Barclays PLC owned 0.28% of ExlService worth $17,040,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EXLS. Ashton Thomas Securities LLC purchased a new stake in ExlService in the 3rd quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of ExlService by 164.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider's stock worth $29,000 after acquiring an additional 574 shares during the last quarter. Huntington National Bank lifted its position in shares of ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider's stock valued at $45,000 after acquiring an additional 1,131 shares in the last quarter. UMB Bank n.a. boosted its stake 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 valued at $62,000 after acquiring an additional 375 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of ExlService by 32.8% during the third quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider's stock valued at $89,000 after acquiring an additional 576 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup upped their target price on shares of ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a report on Monday, October 14th. Robert W. Baird upped 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. Needham & Company LLC lifted their target price on shares of ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Jefferies Financial Group upgraded ExlService from a "hold" rating to a "buy" rating and boosted their price target for the company from $35.00 to $42.00 in a report on Monday, September 9th. Finally, StockNews.com upgraded ExlService from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.86.

ExlService Trading Down 0.7 %

Shares of NASDAQ EXLS traded down $0.34 during trading on Friday, hitting $45.93. 401,409 shares of the company traded hands, compared to its average volume of 932,746. The firm has a market capitalization of $7.39 billion, a P/E ratio of 40.29, a P/E/G ratio of 2.26 and a beta of 1.01. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $43.33 and a 200-day moving average price of $37.16. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $47.37.

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

Insider Buying and Selling at ExlService

In other news, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $41.45, for a total value of $4,145,000.00. Following the completion of the transaction, the chief executive officer now owns 1,290,240 shares of the company's stock, valued at approximately $53,480,448. This represents a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jaynie M. Studenmund sold 3,645 shares of ExlService stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the sale, the director now owns 14,580 shares in the company, valued at approximately $642,249. This represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 426,458 shares of company stock valued at $18,720,514 over the last 90 days. 4.16% of the stock is owned by corporate insiders.

ExlService Company Profile

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.