5,357 Shares in ExlService Holdings, Inc. (NASDAQ:EXLS) Acquired by M&T Bank Corp

M&T Bank Corp purchased a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,357 shares of the business services provider’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new stake in shares of ExlService during the third quarter worth $27,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of ExlService by 164.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 574 shares during the period. Huntington National Bank lifted 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 valued at $45,000 after purchasing an additional 1,131 shares in the last quarter. UMB Bank n.a. lifted its holdings 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 purchasing an additional 375 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position 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 worth $89,000 after buying an additional 576 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Trading Up 1.6 %

ExlService stock opened at $44.84 on Friday. The stock has a 50-day simple moving average of $43.84 and a 200 day simple moving average of $37.48. The stock has a market capitalization of $7.21 billion, a P/E ratio of 39.33, a PEG ratio of 2.26 and a beta of 1.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService Holdings, Inc. has a 52 week low of $28.16 and a 52 week high of $47.37.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping 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 company had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. During the same period in the previous year, the company posted $0.30 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. Analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EXLS shares. JPMorgan Chase & Co. boosted their target price on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Robert W. Baird boosted their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Citigroup lifted their price target on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Jefferies Financial Group upgraded shares of 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 research note on Monday, September 9th. Finally, Needham & Company LLC upped their target price on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.86.

Insider Activity

In other news, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $42.07, for a total value of $4,207,000.00. Following the transaction, the chief executive officer now owns 1,190,240 shares of the company’s stock, valued at approximately $50,073,396.80. This represents a 7.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jaynie M. Studenmund sold 3,645 shares of ExlService stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total value 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 426,458 shares of company stock valued at $18,720,514 over the last ninety days. 4.16% of the stock is currently owned by company insiders.

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.