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

Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 19.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,985 shares of the business services provider's stock after selling 20,349 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of ExlService worth $3,204,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ashton Thomas Securities LLC bought a new position in ExlService in the third quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. increased its holdings 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 during the last quarter. Huntington National Bank increased its holdings in 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 buying an additional 1,131 shares during the last quarter. GAMMA Investing LLC lifted its stake in ExlService by 28.7% in the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider's stock valued at $55,000 after acquiring an additional 391 shares during the last quarter. Finally, UMB Bank n.a. grew 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 acquiring an additional 375 shares during the period. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Price Performance

NASDAQ EXLS traded up $0.22 during midday trading on Wednesday, hitting $46.19. The company had a trading volume of 274,747 shares, compared to its average volume of 941,007. The company has a market capitalization of $7.43 billion, a PE ratio of 40.32, a P/E/G ratio of 2.24 and a beta of 1.01. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $47.37. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $42.03 and a 200-day moving average price of $36.28.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EXLS shares. Needham & Company LLC boosted their price target on ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price objective on shares of ExlService from $38.00 to $41.00 and gave the stock an "overweight" rating in a research report on Friday, September 6th. Citigroup increased their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a research report on Monday, October 14th. Robert W. Baird lifted their target price on shares of ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group raised ExlService from a "hold" rating to a "buy" rating and upped their target price for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, ExlService presently has an average rating of "Moderate Buy" and a consensus target price of $42.86.

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 22,813 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the completion of the sale, the insider now owns 102,825 shares of the company's stock, valued at approximately $4,304,254.50. This represents a 18.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was 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 $53,480,448. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 426,458 shares of company stock valued at $18,720,514. 4.16% of the stock is currently owned by corporate insiders.

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.