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

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

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mackenzie Financial Corp raised its stake in ExlService by 4.5% in the fourth quarter. Mackenzie Financial Corp now owns 6,813,597 shares of the business services provider’s stock valued at $210,199,000 after purchasing an additional 291,734 shares in the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in ExlService in the fourth quarter valued at approximately $604,000. Vontobel Holding Ltd. raised its stake in shares of ExlService by 7.6% during the fourth quarter. Vontobel Holding Ltd. now owns 15,671 shares of the business services provider’s stock worth $483,000 after acquiring an additional 1,111 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of ExlService during the fourth quarter worth approximately $1,428,000. Finally, GHP Investment Advisors Inc. raised its stake in shares of ExlService by 1,301.4% during the fourth quarter. GHP Investment Advisors Inc. now owns 85,723 shares of the business services provider’s stock worth $2,645,000 after acquiring an additional 79,606 shares in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ExlService

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

Wall Street Analyst Weigh In

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

ExlService Stock Up 0.2 %

Shares of ExlService stock opened at $29.36 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.08. ExlService Holdings, Inc. has a 52-week low of $25.17 and a 52-week high of $35.94. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 1.53 and a beta of 0.97. The company’s 50 day moving average price is $30.64 and its 200-day moving average price is $29.82.

ExlService (NASDAQ:EXLS) last issued its earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). ExlService had a return on equity of 22.83% and a net margin of 11.32%. The firm had revenue of $414.06 million during the quarter, compared to the consensus estimate of $408.56 million. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.3 EPS for the current year.

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.