ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC decreased its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 637,917 shares of the business services provider’s stock after selling 2,867 shares during the quarter. ExlService accounts for about 1.7% of Tributary Capital Management LLC’s investment portfolio, making the stock its 26th largest position. Tributary Capital Management LLC owned approximately 0.38% of ExlService worth $20,286,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in ExlService by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 17,015,630 shares of the business services provider’s stock worth $524,932,000 after buying an additional 180,928 shares during the last quarter. Wellington Management Group LLP grew its position in ExlService by 367.2% in the third quarter. Wellington Management Group LLP now owns 8,639,488 shares of the business services provider’s stock worth $242,251,000 after buying an additional 6,790,373 shares during the last quarter. Mackenzie Financial Corp grew its position in ExlService by 4.5% in the fourth quarter. Mackenzie Financial Corp now owns 6,813,597 shares of the business services provider’s stock worth $210,199,000 after buying an additional 291,734 shares during the last quarter. JPMorgan Chase & Co. grew its position in ExlService by 400.0% in the third quarter. JPMorgan Chase & Co. now owns 4,391,792 shares of the business services provider’s stock worth $123,146,000 after buying an additional 3,513,403 shares during the last quarter. Finally, Geneva Capital Management LLC boosted its stake in ExlService by 0.3% in the 4th quarter. Geneva Capital Management LLC now owns 4,219,652 shares of the business services provider’s stock worth $130,176,000 after purchasing an additional 13,039 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Buying and Selling

In related news, insider Vivek Jetley sold 4,000 shares of ExlService stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $30.28, for a total value of $121,120.00. Following the transaction, the insider now owns 333,847 shares in the company, valued at approximately $10,108,887.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Vivek Jetley sold 4,000 shares of ExlService stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $30.28, for a total value of $121,120.00. Following the transaction, the insider now owns 333,847 shares in the company, valued at approximately $10,108,887.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rohit Kapoor sold 30,000 shares of ExlService stock in a transaction on Monday, May 13th. The stock was sold at an average price of $30.47, for a total transaction of $914,100.00. Following the completion of the transaction, the chief executive officer now owns 1,586,435 shares in the company, valued at approximately $48,338,674.45. The disclosure for this sale can be found here. Insiders have sold 112,837 shares of company stock worth $3,469,418 in the last quarter. 3.75% of the stock is currently owned by company insiders.

ExlService Stock Down 0.5 %

Shares of EXLS stock traded down $0.16 on Monday, hitting $31.20. The company’s stock had a trading volume of 872,593 shares, compared to its average volume of 998,697. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 2.54. ExlService Holdings, Inc. has a fifty-two week low of $25.17 and a fifty-two week high of $33.40. The firm’s fifty day moving average price is $30.02 and its 200-day moving average price is $30.57. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 28.84, a P/E/G ratio of 1.67 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. ExlService had a net margin of 10.92% and a return on equity of 23.13%. The business had revenue of $436.51 million during the quarter, compared to analyst estimates of $424.81 million. Research analysts anticipate that ExlService Holdings, Inc. will post 1.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on EXLS. Wedbush raised shares of ExlService from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $34.00 to $40.00 in a research note on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research note on Friday, May 3rd. Citigroup decreased their target price on shares of ExlService from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Finally, TD Cowen lifted their target price on shares of ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, ExlService presently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

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.