Tributary Capital Management LLC Has $39.33 Million Stake in ExlService Holdings, Inc. $EXLS

Tributary Capital Management LLC grew its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 90.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 893,186 shares of the business services provider’s stock after buying an additional 424,331 shares during the period. ExlService makes up 1.9% of Tributary Capital Management LLC’s investment portfolio, making the stock its 16th biggest holding. Tributary Capital Management LLC owned about 0.55% of ExlService worth $39,327,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Mather Group LLC. bought a new position in ExlService during the third quarter valued at about $25,000. Farther Finance Advisors LLC grew its holdings in shares of ExlService by 533.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 792 shares of the business services provider’s stock worth $35,000 after purchasing an additional 667 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of ExlService during the 2nd quarter worth approximately $43,000. Huntington National Bank increased its position in shares of ExlService by 14.4% during the second quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 246 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in shares of ExlService by 53.3% in the second quarter. Canada Pension Plan Investment Board now owns 2,300 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 800 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

EXLS has been the subject of several research reports. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Weiss Ratings cut shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.50.

ExlService Price Performance

Shares of EXLS stock opened at $42.73 on Thursday. The stock’s fifty day simple moving average is $40.80 and its 200 day simple moving average is $42.19. ExlService Holdings, Inc. has a one year low of $37.30 and a one year high of $52.43. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 29.07, a P/E/G ratio of 1.71 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 2.91.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, October 28th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. ExlService had a return on equity of 25.60% and a net margin of 11.91%.The company had revenue of $529.59 million during the quarter, compared to analysts’ expectations of $522.35 million. During the same period last year, the business earned $0.44 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. On average, analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In related news, insider Vikas Bhalla sold 11,774 shares of ExlService stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total transaction of $470,842.26. Following the completion of the transaction, the insider directly owned 115,272 shares of the company’s stock, valued at $4,609,727.28. This trade represents a 9.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.04% of the stock is owned by corporate insiders.

About ExlService

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.