ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 54.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,409 shares of the business services provider’s stock after buying an additional 5,816 shares during the period. Crossmark Global Holdings Inc.’s holdings in ExlService were worth $728,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of EXLS. State Street Corp boosted its position in ExlService by 1.0% in the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after buying an additional 59,196 shares during the period. Geneva Capital Management LLC grew its stake in ExlService by 1.9% during the 3rd quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock worth $179,092,000 after purchasing an additional 87,592 shares in the last quarter. Geode Capital Management LLC increased its holdings in ExlService by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock worth $165,083,000 after purchasing an additional 149,856 shares during the period. Thrivent Financial for Lutherans raised its position in ExlService by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,747,332 shares of the business services provider’s stock valued at $104,810,000 after purchasing an additional 21,358 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of ExlService by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider’s stock valued at $82,448,000 after buying an additional 9,775 shares during the period. 92.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ExlService

In related news, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the completion of the sale, the chief executive officer now directly owns 689,645 shares of the company’s stock, valued at $32,323,661.15. This trade represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vikas Bhalla sold 22,813 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the completion of the transaction, the insider now directly owns 102,825 shares in the company, valued at $4,304,254.50. This represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,458 shares of company stock worth $18,720,514. 4.16% of the stock is owned by company insiders.

ExlService Stock Up 0.0 %

Shares of NASDAQ EXLS opened at $49.14 on Friday. The business has a 50-day moving average price of $45.90 and a 200 day moving average price of $40.40. The stock has a market cap of $7.91 billion, a PE ratio of 43.11, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 52-week low of $28.16 and a 52-week high of $50.11.

ExlService (NASDAQ:EXLS) last posted 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 return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. During the same period in the prior year, the company earned $0.30 earnings per share. The company’s revenue was up 14.9% compared to the same quarter last year. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EXLS has been the topic of a number of recent research reports. Jefferies Financial Group upped their target price on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Robert W. Baird raised their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Citigroup lifted 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. Needham & Company LLC increased their target price on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, StockNews.com downgraded ExlService from a “buy” rating to a “hold” rating in a report on Saturday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

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.