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

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in shares of ExlService in the fourth quarter valued at about $25,000. Kestra Investment Management LLC purchased a new stake in shares of ExlService in the 4th quarter valued at $26,000. Huntington National Bank increased its stake in shares of ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after acquiring an additional 1,131 shares during the period. VisionPoint Advisory Group LLC purchased a new position in shares of ExlService during the fourth quarter worth $58,000. Finally, USA Financial Formulas acquired a new position in ExlService during the fourth quarter valued at $58,000. 92.92% of the stock is owned by institutional investors and hedge funds.

ExlService Stock Up 1.7 %

Shares of NASDAQ EXLS opened at $46.16 on Friday. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 40.49, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a 52-week low of $28.16 and a 52-week high of $52.43. The company’s 50-day simple moving average is $48.51 and its 200-day simple moving average is $44.02. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm had revenue of $481.43 million during the quarter, compared to analysts’ expectations of $475.68 million. Equities analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Needham & Company LLC lifted their target price on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Jefferies Financial Group boosted their target price on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus raised their price target on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.38.

Insider Transactions at ExlService

In related news, EVP Anita Mahon sold 10,558 shares of the stock in a transaction that occurred on 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 owns 94,443 shares of the company’s stock, valued at approximately $4,336,822.56. This trade represents a 10.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ajay Ayyappan sold 1,865 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $48.32, for a total value of $90,116.80. Following the completion of the sale, the executive vice president now owns 40,986 shares of the company’s stock, valued at approximately $1,980,443.52. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,351 shares of company stock valued at $2,337,284. Corporate insiders own 4.16% of the company’s stock.

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.