Tributary Capital Management LLC Sells 2,745 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Tributary Capital Management LLC decreased its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 636,762 shares of the business services provider’s stock after selling 2,745 shares during the quarter. ExlService makes up approximately 1.9% of Tributary Capital Management LLC’s holdings, making the stock its 17th largest holding. Tributary Capital Management LLC’s holdings in ExlService were worth $24,292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Azzad Asset Management Inc. ADV raised its position in shares of ExlService by 1.1% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock valued at $944,000 after acquiring an additional 261 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of ExlService by 3.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock valued at $279,000 after buying an additional 291 shares in the last quarter. V Square Quantitative Management LLC increased its position in shares of ExlService by 5.2% in the 2nd quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider’s stock valued at $223,000 after buying an additional 349 shares in the last quarter. Choreo LLC increased its position in shares of ExlService by 3.2% in the 1st quarter. Choreo LLC now owns 11,456 shares of the business services provider’s stock valued at $364,000 after buying an additional 350 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of ExlService by 29.7% in the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after buying an additional 375 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EXLS shares. Robert W. Baird upped their price objective on shares of ExlService from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. increased their price objective on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Citigroup increased their price objective on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of ExlService in a report on Friday, August 2nd. Finally, Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and raised their target price for the stock from $35.00 to $42.00 in a report on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, ExlService currently has an average rating of “Moderate Buy” and an average price target of $40.86.

ExlService Stock Down 1.2 %

Shares of EXLS opened at $38.60 on Monday. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $6.23 billion, a PE ratio of 36.08, a P/E/G ratio of 2.07 and a beta of 1.00. The firm’s 50 day moving average is $37.45 and its 200-day moving average is $33.49. ExlService Holdings, Inc. has a 12 month low of $25.34 and a 12 month high of $40.77.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. The business had revenue of $448.40 million for the quarter, compared to analyst estimates of $444.61 million. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.28 EPS for the current year.

Insider Buying and Selling

In related news, insider Vivek Jetley sold 2,015 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $35.75, for a total transaction of $72,036.25. Following the sale, the insider now owns 326,642 shares in the company, valued at approximately $11,677,451.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Vivek Jetley sold 2,015 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $35.75, for a total transaction of $72,036.25. Following the sale, the insider now owns 326,642 shares in the company, valued at approximately $11,677,451.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ajay Ayyappan sold 21,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $34.38, for a total transaction of $721,980.00. Following the sale, the executive vice president now owns 29,909 shares in the company, valued at $1,028,271.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,875 shares of company stock worth $4,716,859. Corporate insiders own 4.16% of the company’s stock.

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.