Zions Bancorporation N.A. Boosts Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Zions Bancorporation N.A. boosted its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 17.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 59,963 shares of the business services provider’s stock after purchasing an additional 8,885 shares during the quarter. Zions Bancorporation N.A.’s holdings in ExlService were worth $2,288,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Chartwell Investment Partners LLC raised its position in shares of ExlService by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock valued at $1,196,000 after buying an additional 254 shares in the last quarter. Azzad Asset Management Inc. ADV grew its holdings in shares of ExlService by 1.1% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock valued at $944,000 after purchasing an additional 261 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of ExlService by 3.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock valued at $279,000 after purchasing an additional 291 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in shares of ExlService by 5.2% during the 2nd quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 349 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of ExlService by 29.7% during the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 375 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on EXLS. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and boosted their price target for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Needham & Company LLC boosted their price target on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Robert W. Baird boosted their price target on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, ExlService currently has a consensus rating of “Moderate Buy” and an average target price of $42.86.

Insider Activity at ExlService

In other news, insider Vikas Bhalla sold 22,813 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the sale, the insider now directly owns 102,825 shares of the company’s stock, valued at $4,304,254.50. This represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the completion of the sale, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at approximately $51,541,593.84. This trade represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 483,483 shares of company stock worth $20,737,537 over the last quarter. Company insiders own 4.16% of the company’s stock.

ExlService Trading Down 1.6 %

Shares of NASDAQ EXLS opened at $45.42 on Friday. The firm’s 50 day moving average price is $39.56 and its 200-day moving average price is $34.79. The company has a market cap of $7.31 billion, a PE ratio of 39.84, a P/E/G ratio of 2.25 and a beta of 0.99. ExlService Holdings, Inc. has a 52-week low of $27.27 and a 52-week high of $47.32. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current 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, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. On average, equities research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal 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.