State Street Corp Increases Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

State Street Corp boosted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,837,311 shares of the business services provider's stock after acquiring an additional 59,196 shares during the period. State Street Corp owned 3.63% of ExlService worth $222,693,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of ExlService in the third quarter worth $27,000. Whittier Trust Co. of Nevada Inc. grew its stake in 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 buying an additional 574 shares in the last quarter. Huntington National Bank increased its holdings in ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider's stock valued at $45,000 after buying an additional 1,131 shares during the period. UMB Bank n.a. raised its position in shares of ExlService by 29.7% in the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider's stock valued at $62,000 after buying an additional 375 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of ExlService by 32.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider's stock worth $89,000 after acquiring an additional 576 shares during the period. 92.92% of the stock is owned by institutional investors and hedge funds.

ExlService Trading Down 0.6 %

Shares of NASDAQ:EXLS traded down $0.30 during midday trading on Thursday, reaching $46.13. The company's stock had a trading volume of 160,306 shares, compared to its average volume of 933,414. 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. The firm has a 50 day moving average price of $43.04 and a two-hundred day moving average price of $36.89. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 40.73, a PEG ratio of 2.27 and a beta of 1.01.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $472.07 million for the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $0.30 earnings per share. As a group, analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Activity

In other news, CEO Rohit Kapoor sold 100,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $41.45, for a total value of $4,145,000.00. Following the sale, the chief executive officer now owns 1,290,240 shares of the company's stock, valued at $53,480,448. The trade was a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of the company's stock in a transaction that occurred on 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 $642,249. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 426,458 shares of company stock valued at $18,720,514 in the last 90 days. Insiders own 4.16% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Robert W. Baird lifted their price target on ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Jefferies Financial Group raised ExlService from a "hold" rating to a "buy" rating and upped their target price for the stock from $35.00 to $42.00 in a report on Monday, September 9th. Citigroup lifted their price target on ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a research note on Monday, October 14th. StockNews.com upgraded ExlService from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. Finally, Needham & Company LLC upped their target price on ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, ExlService has an average rating of "Moderate Buy" and a consensus target price of $42.86.

ExlService 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.