Tributary Capital Management LLC Has $39.33 Million Stake in ExlService Holdings, Inc. $EXLS

Tributary Capital Management LLC raised its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 90.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 893,186 shares of the business services provider’s stock after purchasing an additional 424,331 shares during the quarter. ExlService accounts for approximately 1.9% of Tributary Capital Management LLC’s portfolio, making the stock its 16th largest position. Tributary Capital Management LLC’s holdings in ExlService were worth $39,327,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in shares of ExlService by 20.4% in the first quarter. AQR Capital Management LLC now owns 275,978 shares of the business services provider’s stock valued at $12,830,000 after buying an additional 46,842 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in ExlService by 30.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 14,434 shares of the business services provider’s stock valued at $681,000 after acquiring an additional 3,334 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in ExlService by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 93,609 shares of the business services provider’s stock valued at $4,419,000 after acquiring an additional 4,160 shares in the last quarter. Millennium Management LLC raised its stake in shares of ExlService by 1,632.6% in the first quarter. Millennium Management LLC now owns 771,653 shares of the business services provider’s stock worth $36,430,000 after acquiring an additional 727,117 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of ExlService during the first quarter worth approximately $624,000. Institutional investors own 92.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EXLS. Weiss Ratings lowered shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

ExlService Trading Up 0.8%

Shares of NASDAQ EXLS opened at $42.73 on Thursday. ExlService Holdings, Inc. has a fifty-two week low of $37.30 and a fifty-two week high of $52.43. The firm has a market capitalization of $6.78 billion, a P/E ratio of 29.07, a P/E/G ratio of 1.71 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 2.91. The company’s 50 day simple moving average is $40.80 and its 200 day simple moving average is $42.19.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, October 28th. The business services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $529.59 million during the quarter, compared to analyst estimates of $522.35 million. ExlService had a net margin of 11.91% and a return on equity of 25.60%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 EPS. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. On average, analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Activity at ExlService

In related news, insider Vikas Bhalla sold 11,774 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total value of $470,842.26. Following the completion of the sale, the insider owned 115,272 shares in the company, valued at approximately $4,609,727.28. This represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 4.04% of the stock is currently owned by company insiders.

ExlService Company Profile

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.