Zions Bancorporation N.A. Has $2.29 Million Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Zions Bancorporation N.A. raised its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 17.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,963 shares of the business services provider’s stock after acquiring an additional 8,885 shares during the period. Zions Bancorporation N.A.’s holdings in ExlService were worth $2,288,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Huntington National Bank grew its stake in shares of ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 1,131 shares during the period. KBC Group NV grew its position in ExlService by 16.0% during the 3rd quarter. KBC Group NV now owns 5,071 shares of the business services provider’s stock worth $193,000 after acquiring an additional 699 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in ExlService by 18.8% during the 3rd 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 during the last quarter. Geneva Capital Management LLC grew its position in ExlService by 1.9% during the 3rd quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock worth $179,092,000 after acquiring an additional 87,592 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in ExlService during the 3rd quarter worth approximately $363,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Activity at ExlService

In related news, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total value of $4,687,000.00. Following the sale, the chief executive officer now owns 689,645 shares in the company, valued at $32,323,661.15. This represents a 12.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Anita Mahon sold 25,670 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $35.50, for a total transaction of $911,285.00. Following the completion of the sale, the executive vice president now directly owns 68,857 shares of the company’s stock, valued at $2,444,423.50. The trade was a 27.16 % 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 EXLS stock opened at $45.42 on Friday. The firm has a 50 day moving average price of $39.56 and a two-hundred day moving average price of $34.79. 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 company has a market capitalization of $7.31 billion, a PE ratio of 39.84, a price-to-earnings-growth ratio of 2.25 and a beta of 0.99. ExlService Holdings, Inc. has a 12-month low of $27.27 and a 12-month high of $47.32.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $472.07 million during 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 company’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. As a group, analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.