UNIVEST FINANCIAL Corp Raises Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

UNIVEST FINANCIAL Corp raised its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 19.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,779 shares of the business services provider's stock after purchasing an additional 14,332 shares during the period. UNIVEST FINANCIAL Corp owned 0.05% of ExlService worth $3,896,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Mather Group LLC. purchased a new stake in ExlService in the fourth quarter worth $25,000. Kestra Investment Management LLC bought a new position in ExlService in the 4th quarter worth $26,000. USA Financial Formulas purchased a new stake in shares of ExlService in the 4th quarter worth about $58,000. VisionPoint Advisory Group LLC bought a new stake in shares of ExlService during the 4th quarter valued at about $58,000. Finally, UMB Bank n.a. increased 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 valued at $85,000 after buying an additional 288 shares during the period. Hedge funds and other institutional investors own 92.92% of the company's stock.

ExlService Stock Performance

Shares of NASDAQ:EXLS traded down $0.27 during midday trading on Friday, reaching $46.80. 848,676 shares of the company's stock traded hands, compared to its average volume of 983,881. ExlService Holdings, Inc. has a one year low of $28.16 and a one year high of $52.43. The stock has a 50 day moving average of $48.73 and a 200 day moving average of $44.77. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 41.05, a P/E/G ratio of 2.11 and a beta of 1.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

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ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.08). The company had revenue of $481.43 million for the quarter, compared to analysts' expectations of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. As a group, equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

EXLS has been the topic of several research reports. Jefferies Financial Group lifted their price objective on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Needham & Company LLC lifted their price target on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Stifel Nicolaus upped their price target on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a research report on Sunday, February 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $47.38.

Insider Activity

In other news, EVP Anita Mahon sold 10,558 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the sale, the executive vice president now owns 94,443 shares of the company's stock, valued at $4,336,822.56. This represents a 10.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ajay Ayyappan sold 1,865 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $48.32, for a total transaction of $90,116.80. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $1,980,443.52. The trade was a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,351 shares of company stock valued at $2,337,284 in the last ninety days. 4.16% of the stock is currently owned by company 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.