Vontobel Holding Ltd. Sells 572 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Vontobel Holding Ltd. cut its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,089 shares of the business services provider’s stock after selling 572 shares during the period. Vontobel Holding Ltd.’s holdings in ExlService were worth $537,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of ExlService by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 17,015,630 shares of the business services provider’s stock valued at $524,932,000 after purchasing an additional 180,928 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in ExlService by 4.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 16,867 shares of the business services provider’s stock valued at $520,000 after buying an additional 702 shares during the last quarter. Compass Ion Advisors LLC lifted its position in shares of ExlService by 20.5% during the 1st quarter. Compass Ion Advisors LLC now owns 26,163 shares of the business services provider’s stock worth $832,000 after buying an additional 4,450 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of ExlService by 24.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 70,296 shares of the business services provider’s stock worth $2,235,000 after buying an additional 13,742 shares during the last quarter. Finally, State of Michigan Retirement System grew its holdings in shares of ExlService by 2.3% in the first quarter. State of Michigan Retirement System now owns 40,500 shares of the business services provider’s stock valued at $1,288,000 after acquiring an additional 900 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

ExlService Stock Performance

Shares of EXLS stock opened at $39.83 on Tuesday. The firm’s 50 day moving average is $37.13 and its 200 day moving average is $33.24. The stock has a market capitalization of $6.67 billion, a P/E ratio of 36.88, a PEG ratio of 2.05 and a beta of 1.00. ExlService Holdings, Inc. has a 12 month low of $25.17 and a 12 month high of $40.77. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30.

ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. The firm had revenue of $448.40 million for the quarter, compared to the consensus estimate of $444.61 million. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 earnings per share. On average, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.28 earnings per share for the current year.

Wall Street Analyst Weigh In

EXLS has been the topic of several research analyst reports. Citigroup boosted their price objective on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Robert W. Baird increased their price target on shares of ExlService from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of ExlService in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Finally, Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $42.00 in a research note on Monday, September 9th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.86.

Insider Buying and Selling at ExlService

In other news, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the sale, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at approximately $51,541,593.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other ExlService news, insider Vikas Bhalla sold 11,190 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $34.25, for a total value of $383,257.50. Following the transaction, the insider now directly owns 100,866 shares in the company, valued at $3,454,660.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rohit Kapoor sold 35,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the completion of the sale, the chief executive officer now directly owns 1,424,588 shares in the company, valued at approximately $51,541,593.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,875 shares of company stock valued at $4,716,859 in the last quarter. 3.75% of the stock is currently owned by corporate insiders.

About ExlService

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.