ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. lifted its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 18.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,959 shares of the business services provider's stock after buying an additional 10,996 shares during the quarter. Zions Bancorporation N.A.'s holdings in ExlService were worth $3,149,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. EFG Asset Management North America Corp. grew its holdings in shares of ExlService by 86.0% in the fourth quarter. EFG Asset Management North America Corp. now owns 96,716 shares of the business services provider's stock worth $4,293,000 after purchasing an additional 44,726 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of ExlService by 60.4% in the fourth quarter. Prudential Financial Inc. now owns 123,735 shares of the business services provider's stock valued at $5,491,000 after purchasing an additional 46,593 shares during the period. Sheets Smith Investment Management bought a new position in ExlService in the fourth quarter worth approximately $1,613,000. Vanguard Group Inc. increased its holdings in ExlService by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock worth $699,925,000 after purchasing an additional 215,485 shares during the period. Finally, Bridge City Capital LLC lifted its holdings in shares of ExlService by 8.1% in the 4th quarter. Bridge City Capital LLC now owns 165,879 shares of the business services provider's stock worth $7,362,000 after buying an additional 12,462 shares during the period. 92.92% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

EXLS has been the subject of several recent research reports. Needham & Company LLC lifted their price objective on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Stifel Nicolaus upped their price target on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a research note on Sunday, February 2nd. Finally, Jefferies Financial Group increased their target price on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, ExlService has a consensus rating of "Moderate Buy" and a consensus price target of $47.38.

Insider Activity at ExlService

In other news, EVP Anita Mahon sold 10,558 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total value of $484,823.36. Following the sale, the executive vice president now directly owns 94,443 shares of the company's stock, valued at $4,336,822.56. This represents a 10.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay Ayyappan sold 16,186 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the transaction, the executive vice president now directly owns 40,986 shares of the company's stock, valued at approximately $2,110,779. This trade represents a 28.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,351 shares of company stock valued at $2,337,284 in the last ninety days. Company insiders own 4.16% of the company's stock.

ExlService Stock Down 0.6 %

Shares of ExlService stock traded down $0.27 during trading on Friday, reaching $46.80. The company's stock had a trading volume of 848,676 shares, compared to its average volume of 983,881. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $52.43. The company has a 50-day simple moving average of $48.73 and a two-hundred day simple moving average of $44.77. 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 market cap of $7.60 billion, a price-to-earnings ratio of 41.05, a P/E/G ratio of 2.11 and a beta of 1.10.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.08). The business had revenue of $481.43 million for the quarter, compared to analysts' expectations of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. As a group, equities analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

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.