Zurcher Kantonalbank Zurich Cantonalbank Buys 3,642 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,617 shares of the business services provider’s stock after acquiring an additional 3,642 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ExlService were worth $1,099,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in EXLS. Vanguard Group Inc. boosted its holdings in ExlService by 402.9% during the third quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider’s stock worth $472,045,000 after purchasing an additional 13,487,495 shares during the last quarter. FMR LLC boosted its holdings in ExlService by 407.4% during the third quarter. FMR LLC now owns 9,605,650 shares of the business services provider’s stock worth $269,342,000 after purchasing an additional 7,712,359 shares during the last quarter. Wellington Management Group LLP boosted its holdings in ExlService by 367.2% during the third quarter. Wellington Management Group LLP now owns 8,639,488 shares of the business services provider’s stock worth $242,251,000 after purchasing an additional 6,790,373 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in ExlService by 523.2% during the third quarter. Mackenzie Financial Corp now owns 6,521,863 shares of the business services provider’s stock worth $179,416,000 after purchasing an additional 5,475,428 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in ExlService by 400.0% during the third quarter. JPMorgan Chase & Co. now owns 4,391,792 shares of the business services provider’s stock worth $123,146,000 after purchasing an additional 3,513,403 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 9,259 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the completion of the sale, the executive vice president now owns 50,693 shares in the company, valued at approximately $1,601,391.87. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Ajay Ayyappan sold 9,259 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the transaction, the executive vice president now directly owns 50,693 shares of the company’s stock, valued at $1,601,391.87. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Vikas Bhalla sold 23,760 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the transaction, the executive vice president now directly owns 127,046 shares in the company, valued at $4,003,219.46. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on EXLS shares. StockNews.com cut shares of ExlService from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of ExlService in a research note on Friday, March 1st. Citigroup cut their price target on shares of ExlService from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Finally, TD Cowen increased their price target on shares of ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.14.

ExlService Stock Performance

NASDAQ EXLS opened at $29.36 on Friday. The firm has a 50-day moving average of $30.64 and a 200-day moving average of $29.82. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a market cap of $4.87 billion, a PE ratio of 26.84, a P/E/G ratio of 1.53 and a beta of 0.97. ExlService Holdings, Inc. has a 52-week low of $25.17 and a 52-week high of $35.94.

ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $414.06 million for the quarter, compared to analyst estimates of $408.56 million. ExlService had a return on equity of 22.83% and a net margin of 11.32%. On average, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.3 EPS for the current 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.