ExlService Holdings, Inc. $EXLS Stock Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp reduced its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 14.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 142,985 shares of the business services provider’s stock after selling 24,589 shares during the quarter. UNIVEST FINANCIAL Corp owned 0.09% of ExlService worth $4,916,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Hsbc Holdings PLC grew its position in ExlService by 32.7% in the 2nd quarter. Hsbc Holdings PLC now owns 330,181 shares of the business services provider’s stock valued at $8,391,000 after buying an additional 81,379 shares during the last quarter. Legal & General Group Plc acquired a new position in ExlService in the 2nd quarter valued at $5,429,000. Squarepoint Ops LLC increased its stake in ExlService by 85.0% in the 2nd quarter. Squarepoint Ops LLC now owns 201,805 shares of the business services provider’s stock valued at $5,219,000 after buying an additional 92,697 shares during the period. Walleye Capital LLC increased its stake in ExlService by 1,422.3% in the 1st quarter. Walleye Capital LLC now owns 244,509 shares of the business services provider’s stock valued at $7,445,000 after buying an additional 228,447 shares during the period. Finally, Weiss Asset Management LP purchased a new position in ExlService during the 1st quarter worth $3,794,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Activity at ExlService

In related news, insider Vikas Bhalla sold 11,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $41.22, for a total transaction of $453,420.00. Following the sale, the insider owned 98,295 shares of the company’s stock, valued at approximately $4,051,719.90. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is owned by company insiders.

ExlService Trading Down 0.9%

NASDAQ:EXLS opened at $43.92 on Thursday. The stock has a fifty day moving average price of $38.21 and a two-hundred day moving average price of $32.83. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.55 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.16 and a current ratio of 2.16. ExlService Holdings, Inc. has a 1 year low of $24.85 and a 1 year high of $44.35.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, October 27th. The business services provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.56 by $0.06. ExlService had a net margin of 11.13% and a return on equity of 32.53%. The company had revenue of $633.96 million for the quarter, compared to analyst estimates of $615.51 million. During the same period in the previous year, the firm earned $0.48 EPS. The business’s revenue was up 19.7% on a year-over-year basis. As a group, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Stifel Nicolaus raised their target price on shares of ExlService from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. JPMorgan Chase & Co. boosted their price target on shares of ExlService from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Barrington Research increased their price target on shares of ExlService from $43.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, October 29th. Robert W. Baird set a $45.00 price target on shares of ExlService and gave the stock an “outperform” rating in a report on Thursday, July 30th. Finally, Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and an average target price of $48.17.

ExlService Profile

ExlService Holdings, commonly known as EXL, is a global data analytics and digital operations company. Founded in 1999, it helps organizations use data, technology and artificial intelligence to improve business processes and customer experiences. EXL provides services including data and analytics, consulting, automation and business process management. Its work spans industries such as insurance, healthcare, banking and financial services, utilities, retail and travel. The company serves clients in multiple countries through a global network of delivery centers.