Huntington National Bank Purchases 1,131 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Huntington National Bank grew its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2,827.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,171 shares of the business services provider’s stock after acquiring an additional 1,131 shares during the period. Huntington National Bank’s holdings in ExlService were worth $45,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Chartwell Investment Partners LLC raised its position in ExlService by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock valued at $1,196,000 after purchasing an additional 254 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its stake in ExlService by 1.1% in the third quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock worth $944,000 after acquiring an additional 261 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in ExlService by 3.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock worth $279,000 after acquiring an additional 291 shares during the period. V Square Quantitative Management LLC increased its position in ExlService by 5.2% during the 2nd quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 349 shares during the period. Finally, UMB Bank n.a. increased its position in ExlService by 29.7% during the 3rd 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 during the period. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Anita Mahon sold 25,670 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total value of $911,285.00. Following the completion of 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 27.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the sale, the chief executive officer now owns 1,424,588 shares in the company, valued at approximately $51,541,593.84. This represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 483,483 shares of company stock valued at $20,737,537. Insiders own 4.16% of the company’s stock.

ExlService Stock Performance

ExlService stock opened at $44.35 on Tuesday. The stock’s 50 day moving average is $39.75 and its 200 day moving average is $34.98. The company has a market capitalization of $7.14 billion, a P/E ratio of 38.90, a PEG ratio of 2.17 and a beta of 0.99. ExlService Holdings, Inc. has a twelve month low of $27.62 and a twelve month high of $47.32. 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 (NASDAQ:EXLS) last issued its quarterly earnings results 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. The firm had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. On average, equities research analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EXLS shares. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and boosted their price target for the company from $35.00 to $42.00 in a research report on Monday, September 9th. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Citigroup lifted their price target on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Robert W. Baird upped their price target on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC raised their price objective on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, ExlService has an average rating of “Moderate Buy” and a consensus 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.