Amalgamated Bank Sells 4,755 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Amalgamated Bank lessened its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 6.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 73,893 shares of the business services provider’s stock after selling 4,755 shares during the quarter. Amalgamated Bank’s holdings in ExlService were worth $2,819,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXLS. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of ExlService by 164.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after acquiring an additional 574 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in shares of ExlService in the 1st quarter valued at approximately $30,000. Headlands Technologies LLC increased its stake in ExlService by 269.0% during the 1st quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider’s stock worth $51,000 after purchasing an additional 1,162 shares in the last quarter. GAMMA Investing LLC raised its holdings in ExlService by 28.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock worth $55,000 after buying an additional 391 shares during the period. Finally, UMB Bank n.a. lifted its stake in ExlService by 29.7% in the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after buying an additional 375 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

ExlService Stock Performance

EXLS opened at $45.73 on Monday. The business’s 50-day simple moving average is $38.74 and its 200 day simple moving average is $34.39. ExlService Holdings, Inc. has a 52-week low of $26.23 and a 52-week high of $45.88. 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 firm has a market capitalization of $7.36 billion, a PE ratio of 40.11, a PEG ratio of 2.20 and a beta of 0.99.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue was up 14.9% compared to the same quarter last year. As a group, sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at ExlService

In other news, EVP Anita Mahon sold 25,670 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total transaction of $911,285.00. Following the transaction, the executive vice president now directly owns 68,857 shares in the company, valued at $2,444,423.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Anita Mahon sold 25,670 shares of ExlService 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 transaction, the executive vice president now owns 68,857 shares in the company, valued at approximately $2,444,423.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $42.07, for a total value 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 $50,073,396.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 285,498 shares of company stock worth $11,556,573 over the last quarter. 4.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EXLS. Citigroup increased their price objective on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. lifted 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. Needham & Company LLC upped their price objective on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $42.00 in a report on Monday, September 9th. Finally, Robert W. Baird boosted their target price on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.