Tributary Capital Management LLC Boosts Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Tributary Capital Management LLC lifted its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 645,850 shares of the business services provider's stock after buying an additional 9,088 shares during the quarter. ExlService comprises 2.2% of Tributary Capital Management LLC's portfolio, making the stock its 7th biggest holding. Tributary Capital Management LLC owned about 0.40% of ExlService worth $28,663,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EXLS. Chartwell Investment Partners LLC grew its stake in shares of ExlService by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider's stock valued at $1,196,000 after purchasing an additional 254 shares during the last quarter. Azzad Asset Management Inc. ADV raised its position in shares of ExlService by 1.1% during the third quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider's stock worth $944,000 after acquiring an additional 261 shares during the last quarter. UMB Bank n.a. raised its position in shares of ExlService by 17.6% during the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock worth $85,000 after acquiring an additional 288 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of ExlService by 3.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider's stock valued at $279,000 after acquiring an additional 291 shares during the period. Finally, Dakota Wealth Management boosted its holdings in ExlService by 5.0% in the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock valued at $288,000 after acquiring an additional 311 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

ExlService Stock Up 0.0 %

EXLS stock traded up $0.02 during trading hours on Friday, reaching $49.14. 911,272 shares of the stock were exchanged, compared to its average volume of 777,519. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The company has a market cap of $7.91 billion, a price-to-earnings ratio of 43.11, a PEG ratio of 2.08 and a beta of 1.02. ExlService Holdings, Inc. has a 12 month low of $28.16 and a 12 month high of $50.11. The firm's 50-day moving average is $45.90 and its 200-day moving average is $40.40.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The firm's revenue for the quarter was up 14.9% on a year-over-year basis. On average, equities research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on EXLS. Citigroup lifted their target price on shares of ExlService from $38.00 to $46.00 and gave the stock a "buy" rating in a report on Monday, October 14th. Jefferies Financial Group boosted their target price on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday. Robert W. Baird lifted their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Needham & Company LLC increased their target price on shares of ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, StockNews.com cut shares of ExlService from a "buy" rating to a "hold" rating in a research report on Saturday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $45.00.

Insider Buying and Selling

In other news, Director Jaynie M. Studenmund sold 3,645 shares of the business's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the transaction, the director now directly owns 14,580 shares in the company, valued at $642,249. The trade was a 20.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $41.45, for a total value of $4,145,000.00. Following the transaction, the chief executive officer now owns 1,290,240 shares of the company's stock, valued at $53,480,448. This represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 426,458 shares of company stock worth $18,720,514. Corporate insiders own 4.16% of the company's stock.

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.