PNC Financial Services Group Inc. Acquires 748 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

PNC Financial Services Group Inc. increased its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,124 shares of the business services provider’s stock after buying an additional 748 shares during the period. PNC Financial Services Group Inc.’s holdings in ExlService were worth $538,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Handelsbanken Fonder AB grew its holdings in ExlService by 313.9% in the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock worth $97,400,000 after purchasing an additional 1,664,400 shares during the last quarter. Raymond James Financial Inc. purchased a new position in ExlService in the fourth quarter worth $52,852,000. Loomis Sayles & Co. L P purchased a new position in ExlService in the third quarter worth $17,198,000. Proficio Capital Partners LLC purchased a new position in ExlService in the fourth quarter worth $8,682,000. Finally, Barclays PLC grew its holdings in ExlService by 62.6% in the third quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock worth $17,040,000 after purchasing an additional 171,912 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Price Performance

NASDAQ:EXLS opened at $47.53 on Thursday. ExlService Holdings, Inc. has a one year low of $28.16 and a one year high of $52.43. 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 firm has a market cap of $7.71 billion, a price-to-earnings ratio of 41.69, a PEG ratio of 2.11 and a beta of 1.10. The firm’s fifty day moving average is $48.65 and its two-hundred day moving average is $44.24.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $481.43 million during the quarter, compared to analysts’ expectations of $475.68 million. Research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Buying and Selling at ExlService

In other news, EVP Anita Mahon sold 10,558 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total transaction of $484,823.36. Following the sale, the executive vice president now directly owns 94,443 shares of the company’s stock, valued at $4,336,822.56. This represents a 10.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the sale, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EXLS shares. Needham & Company LLC lifted their price target on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Stifel Nicolaus boosted their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, February 27th. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Finally, Jefferies Financial Group boosted their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.38.

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.