Victory Capital Management Inc. Has $5.05 Million Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Victory Capital Management Inc. grew its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 144.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 113,721 shares of the business services provider's stock after acquiring an additional 67,105 shares during the quarter. Victory Capital Management Inc. owned 0.07% of ExlService worth $5,047,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EXLS. Mather Group LLC. acquired a new position in ExlService during the fourth quarter worth about $25,000. Kestra Investment Management LLC acquired a new position in ExlService during the fourth quarter worth about $26,000. Huntington National Bank raised its stake in ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider's stock worth $45,000 after acquiring an additional 1,131 shares in the last quarter. USA Financial Formulas acquired a new position in ExlService during the fourth quarter worth about $58,000. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of ExlService in the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Stock Up 1.7 %

Shares of NASDAQ EXLS opened at $46.16 on Friday. The business has a 50-day moving average of $48.51 and a 200-day moving average of $44.02. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a 12 month low of $28.16 and a 12 month high of $52.43. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

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

Insider Transactions at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 1,865 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $48.32, for a total value of $90,116.80. Following the transaction, the executive vice president now owns 40,986 shares of the company's stock, valued at approximately $1,980,443.52. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the transaction, the executive vice president now directly owns 94,443 shares in the company, valued at $4,336,822.56. This trade represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,351 shares of company stock valued at $2,337,284. Insiders own 4.16% of the company's stock.

Analyst Upgrades and Downgrades

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

ExlService 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.

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