JPMorgan Chase & Co. Reduces Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

JPMorgan Chase & Co. trimmed its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,781,195 shares of the business services provider’s stock after selling 106,572 shares during the quarter. JPMorgan Chase & Co.’s holdings in ExlService were worth $182,403,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of ExlService during the 3rd quarter worth approximately $27,000. Huntington National Bank raised its holdings in shares of ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after acquiring an additional 1,131 shares during the last quarter. UMB Bank n.a. lifted its position in shares of 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 acquiring an additional 375 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of ExlService by 32.8% during the third quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider’s stock valued at $89,000 after acquiring an additional 576 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in ExlService by 25.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,576 shares of the business services provider’s stock worth $98,000 after purchasing an additional 524 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Stock Up 0.3 %

Shares of NASDAQ:EXLS opened at $44.38 on Wednesday. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $47.37. The stock has a 50-day simple moving average of $44.62 and a 200-day simple moving average of $38.48. 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 stock has a market capitalization of $7.14 billion, a P/E ratio of 38.93, a PEG ratio of 2.26 and a beta of 1.01.

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

Insiders Place Their Bets

In other news, 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 transaction, 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 7.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jaynie M. Studenmund sold 3,645 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the sale, the director now directly owns 14,580 shares of the company’s stock, valued at approximately $642,249. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 426,458 shares of company stock worth $18,720,514 over the last quarter. 4.16% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EXLS shares. 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. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. Needham & Company LLC increased their price target on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird lifted 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. Finally, Citigroup raised their price target on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.