ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,616 shares of the business services provider’s stock after selling 1,800 shares during the period. Victory Capital Management Inc.’s holdings in ExlService were worth $1,778,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in EXLS. William Blair Investment Management LLC increased its holdings in ExlService by 46.5% in the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock valued at $159,871,000 after buying an additional 1,618,003 shares in the last quarter. Fiera Capital Corp increased its stake in ExlService by 497.8% in the third quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider’s stock valued at $30,549,000 after purchasing an additional 666,805 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new position in shares of ExlService during the 1st quarter worth about $19,417,000. Handelsbanken Fonder AB grew its stake in shares of ExlService by 1,216.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider’s stock valued at $20,231,000 after buying an additional 490,000 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in shares of ExlService by 3.2% during the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock worth $238,869,000 after purchasing an additional 233,108 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EXLS. Needham & Company LLC lifted their price target on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. Robert W. Baird lifted their target price on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Citigroup boosted their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.86.

Insider Transactions at ExlService

In related news, Director Jaynie M. Studenmund sold 3,645 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total value of $160,562.25. Following the transaction, the director now owns 14,580 shares in the company, valued at $642,249. This trade represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of ExlService stock in a transaction on Monday, November 4th. The stock was sold at an average price of $41.86, for a total value of $954,952.18. Following the sale, the insider now directly owns 102,825 shares of the company’s stock, valued at approximately $4,304,254.50. This trade represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 461,458 shares of company stock valued at $19,986,814. 4.16% of the stock is owned by insiders.

ExlService Trading Up 1.2 %

Shares of NASDAQ EXLS opened at $46.21 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService Holdings, Inc. has a 52 week low of $27.95 and a 52 week high of $47.32. The business has a 50 day simple moving average of $40.64 and a 200 day simple moving average of $35.50. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 40.54, a PEG ratio of 2.22 and a beta of 0.99.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 earnings per share. On average, research analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

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.