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

Tributary Capital Management LLC reduced its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 6.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 468,855 shares of the business services provider’s stock after selling 31,630 shares during the period. ExlService makes up approximately 1.8% of Tributary Capital Management LLC’s investment portfolio, making the stock its 17th biggest holding. Tributary Capital Management LLC owned 0.29% of ExlService worth $20,531,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. acquired a new position in ExlService during the first quarter valued at $45,000. Strategic Investment Solutions Inc. IL acquired a new position in ExlService during the first quarter valued at $77,000. Morse Asset Management Inc lifted its position in ExlService by 51.8% during the first quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 575 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in ExlService by 25.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 369 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in shares of ExlService in the first quarter worth about $102,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of ExlService in a research report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price objective on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, ExlService has an average rating of “Moderate Buy” and a consensus price target of $52.40.

ExlService Stock Down 0.3%

EXLS stock opened at $41.28 on Thursday. The stock 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 firm has a 50-day simple moving average of $42.91 and a 200-day simple moving average of $44.12. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24. ExlService Holdings, Inc. has a 52 week low of $38.36 and a 52 week high of $52.43.

ExlService (NASDAQ:EXLS) last released its earnings results 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. The business had revenue of $514.46 million during the quarter, compared to analysts’ expectations of $504.87 million. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 earnings per share. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Equities analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Activity at ExlService

In other news, insider Vikas Bhalla sold 8,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total transaction of $350,080.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. 4.04% of the stock is owned by corporate insiders.

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.