ExlService Holdings, Inc. $EXLS Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC decreased its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 6.3% in the second quarter, Holdings Channel reports. The fund owned 468,855 shares of the business services provider’s stock after selling 31,630 shares during the period. ExlService accounts for approximately 1.8% of Tributary Capital Management LLC’s investment portfolio, making the stock its 17th largest holding. Tributary Capital Management LLC’s holdings in ExlService were worth $20,531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in ExlService by 40.8% in the 1st quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider’s stock valued at $316,540,000 after acquiring an additional 1,943,471 shares during the last quarter. Geneva Capital Management LLC grew its stake in shares of ExlService by 0.4% in the 1st quarter. Geneva Capital Management LLC now owns 4,655,565 shares of the business services provider’s stock valued at $219,789,000 after buying an additional 18,647 shares during the period. Boston Trust Walden Corp grew its stake in shares of ExlService by 1.7% in the 2nd quarter. Boston Trust Walden Corp now owns 2,746,208 shares of the business services provider’s stock valued at $120,256,000 after buying an additional 47,162 shares during the period. Nuveen LLC purchased a new stake in shares of ExlService in the 1st quarter valued at approximately $91,114,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of ExlService by 0.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,741,156 shares of the business services provider’s stock valued at $82,201,000 after buying an additional 9,020 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total value of $350,080.00. Following the completion of the transaction, the insider owned 127,046 shares of the company’s stock, valued at $5,559,532.96. The trade was a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.04% of the stock is currently owned by corporate insiders.

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $41.28 on Thursday. ExlService Holdings, Inc. has a 12 month low of $38.36 and a 12 month high of $52.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15. The firm has a market capitalization of $6.67 billion, a P/E ratio of 28.67, a P/E/G ratio of 1.90 and a beta of 0.86. The company’s fifty day moving average price is $42.91 and its 200 day moving average price is $44.12.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The firm had revenue of $514.46 million for the quarter, compared to the consensus estimate of $504.87 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of ExlService in a research note on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, ExlService has an average rating of “Moderate Buy” and an average target price of $52.40.

About ExlService

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.