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

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 19.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 about 0.05% of ExlService worth $3,204,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Algert Global LLC increased its position in shares of ExlService by 18.0% in the 3rd quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock valued at $5,740,000 after buying an additional 22,970 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in ExlService by 4.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock worth $27,163,000 after purchasing an additional 29,510 shares in the last quarter. Quest Partners LLC increased its holdings in ExlService by 196.8% during the 3rd quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock worth $2,671,000 after purchasing an additional 46,422 shares in the last quarter. Assetmark Inc. increased its holdings in ExlService by 107,991.3% during the 3rd quarter. Assetmark Inc. now owns 24,861 shares of the business services provider’s stock worth $948,000 after purchasing an additional 24,838 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in ExlService by 317.0% during the 2nd quarter. Renaissance Technologies LLC now owns 255,200 shares of the business services provider’s stock worth $8,003,000 after purchasing an additional 194,000 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Price Performance

Shares of NASDAQ EXLS opened at $45.97 on Wednesday. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $47.37. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 2.24 and a beta of 1.01. The business has a 50-day moving average of $42.03 and a 200-day moving average of $36.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

ExlService (NASDAQ:EXLS) last issued its 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. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. During the same period last year, the business posted $0.30 EPS. ExlService’s revenue was up 14.9% on a year-over-year basis. As a group, sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EXLS shares. Robert W. Baird increased their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Needham & Company LLC increased their target price on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Citigroup increased their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. StockNews.com cut ExlService from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. raised their price objective on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, ExlService currently has an average rating of “Moderate Buy” and a consensus target price of $42.86.

Insider Activity at ExlService

In other ExlService news, insider Vikas Bhalla sold 22,813 shares of the firm’s 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 directly owns 102,825 shares in the company, valued at $4,304,254.50. This trade represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the firm’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 sale, the chief executive officer now owns 1,290,240 shares of the company’s stock, valued at $53,480,448. This trade represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,458 shares of company stock worth $18,720,514. Insiders own 4.16% of the company’s stock.

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.