ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,875 shares of the business services provider's stock after selling 9,110 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in ExlService were worth $3,323,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EXLS. Janney Montgomery Scott LLC boosted its holdings in ExlService by 46.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 20,660 shares of the business services provider's stock valued at $788,000 after purchasing an additional 6,519 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of ExlService by 107,991.3% in the 3rd quarter. Assetmark Inc. now owns 24,861 shares of the business services provider's stock valued at $948,000 after buying an additional 24,838 shares during the period. Versor Investments LP purchased a new stake in shares of ExlService in the third quarter valued at approximately $320,000. Entropy Technologies LP acquired a new position in ExlService during the third quarter worth $363,000. Finally, Oppenheimer Asset Management Inc. raised its position in ExlService by 18.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 23,529 shares of the business services provider's stock worth $898,000 after acquiring an additional 3,721 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EXLS shares. Stifel Nicolaus boosted their target price 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. Jefferies Financial Group upped their target price on shares of ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a research note on Sunday, February 2nd. Finally, Needham & Company LLC upped their price target on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $47.38.

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Insider Activity at ExlService

In related news, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the transaction, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the sale, the executive vice president now directly owns 94,443 shares in the company, valued at approximately $4,336,822.56. The trade was a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is owned by insiders.

ExlService Price Performance

Shares of ExlService stock traded up $0.75 during trading on Friday, hitting $46.16. 1,035,953 shares of the company were exchanged, compared to its average volume of 1,102,113. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $52.43. 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 firm has a 50 day moving average price of $48.51 and a 200 day moving average price of $44.07. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 40.49, a P/E/G ratio of 2.11 and a beta of 1.10.

ExlService (NASDAQ:EXLS - Get Free Report) last released 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). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. On average, equities analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

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.