US Bancorp DE Raises Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

US Bancorp DE grew its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 17.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 19,163 shares of the business services provider’s stock after acquiring an additional 2,818 shares during the period. US Bancorp DE’s holdings in ExlService were worth $731,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Azzad Asset Management Inc. ADV boosted its position in shares of ExlService by 1.1% during the third 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 in the last quarter. Mercer Global Advisors Inc. ADV boosted 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 buying an additional 291 shares in the last quarter. V Square Quantitative Management LLC boosted 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 buying an additional 349 shares in the last quarter. UMB Bank n.a. grew its position in shares of ExlService by 29.7% in the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after buying an additional 375 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of ExlService by 28.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock worth $55,000 after acquiring an additional 391 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Insider Activity

In related news, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the completion of the sale, the chief executive officer now owns 1,190,240 shares in the company, valued at approximately $50,073,396.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ExlService news, insider Vivek Jetley sold 2,015 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $35.75, for a total value of $72,036.25. Following the transaction, the insider now directly owns 326,642 shares in the company, valued at approximately $11,677,451.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the sale, the chief executive officer now directly owns 1,190,240 shares of the company’s stock, valued at approximately $50,073,396.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 296,688 shares of company stock valued at $11,939,831 in the last ninety days. 4.16% of the stock is currently owned by company insiders.

ExlService Price Performance

NASDAQ EXLS opened at $45.73 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 2.20 and a beta of 0.99. The stock has a 50-day moving average of $38.74 and a 200 day moving average of $34.36. ExlService Holdings, Inc. has a one year low of $26.23 and a one year high of $45.88.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm had revenue of $472.07 million during the quarter, compared to analysts’ expectations of $460.73 million. During the same period in the previous year, the company earned $0.30 earnings per share. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. On average, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on EXLS. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and upped their price objective for the stock from $35.00 to $42.00 in a report on Monday, September 9th. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Needham & Company LLC raised their price target on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Citigroup upped their price target on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, ExlService has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

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.