Zions Bancorporation National Association UT Buys Shares of 75,097 ExlService Holdings, Inc. (NASDAQ:EXLS)

Key Points

• Zions Bancorporation National Association UT has acquired 75,097 shares of ExlService Holdings, Inc., valued at approximately $3.5 million, during the first quarter, according to their SEC filing.
• ExlService reported $0.49 earnings per share for its latest quarter, exceeding analysts' expectations and achieving a revenue of $514.46 million, marking a 14.7% increase year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for ExlService, with a price target raised to $51.50, reflecting positive outlooks from several investment firms.

Zions Bancorporation National Association UT bought a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 75,097 shares of the business services provider's stock, valued at approximately $3,545,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of ExlService by 48.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 147,081 shares of the business services provider's stock worth $7,028,000 after purchasing an additional 48,056 shares during the period. QRG Capital Management Inc. increased its holdings in shares of ExlService by 3.7% in the first quarter. QRG Capital Management Inc. now owns 15,713 shares of the business services provider's stock worth $742,000 after purchasing an additional 559 shares during the period. KBC Group NV increased its holdings in shares of ExlService by 13.4% in the first quarter. KBC Group NV now owns 7,466 shares of the business services provider's stock worth $352,000 after purchasing an additional 883 shares during the period. GAMMA Investing LLC increased its stake in ExlService by 20.6% in the first quarter. GAMMA Investing LLC now owns 3,510 shares of the business services provider's stock valued at $166,000 after acquiring an additional 599 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in ExlService by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider's stock valued at $713,000 after acquiring an additional 286 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

ExlService Trading Up 1.1%

NASDAQ EXLS traded up $0.46 during trading on Wednesday, hitting $43.00. 329,261 shares of the company's stock traded hands, compared to its average volume of 1,637,184. The stock has a fifty day moving average of $44.24 and a two-hundred day moving average of $46.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15. ExlService Holdings, Inc. has a 12-month low of $34.08 and a 12-month high of $52.43. The firm has a market cap of $6.94 billion, a P/E ratio of 29.83, a PEG ratio of 1.86 and a beta of 0.81.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The business had revenue of $514.46 million during the quarter, compared to analyst estimates of $504.87 million. During the same period in the prior year, the business posted $0.40 earnings per share. The company's revenue was up 14.7% on a year-over-year basis. As a group, sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Ratings Changes

EXLS has been the topic of a number of research analyst reports. Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and issued a $55.00 target price on shares of ExlService in a research note on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. increased their target price on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $51.50.

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.