ExlService Holdings, Inc. $EXLS Stock Position Decreased by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp reduced its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 14.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,985 shares of the business services provider’s stock after selling 24,589 shares during the period. UNIVEST FINANCIAL Corp’s holdings in ExlService were worth $4,916,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXLS. Fulcrum Asset Management LLP grew its holdings in ExlService by 3,125.0% in the third quarter. Fulcrum Asset Management LLP now owns 5,547 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 5,375 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of ExlService by 54.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,397,701 shares of the business services provider’s stock valued at $50,988,000 after buying an additional 493,434 shares in the last quarter. Summit Creek Advisors LLC increased its position in shares of ExlService by 1.4% in the third quarter. Summit Creek Advisors LLC now owns 185,351 shares of the business services provider’s stock valued at $6,372,000 after buying an additional 2,522 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of ExlService by 41.4% during the 3rd quarter. Parallel Advisors LLC now owns 3,649 shares of the business services provider’s stock worth $125,000 after buying an additional 1,068 shares during the last quarter. Finally, Heritage Family Offices LLP acquired a new position in shares of ExlService during the 3rd quarter worth $94,000. 92.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXLS has been the topic of several recent research reports. Weiss Ratings upgraded shares of ExlService from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, October 26th. TD Cowen raised their target price on shares of ExlService from $45.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. JPMorgan Chase & Co. lifted their target price on shares of ExlService from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. Finally, Robert W. Baird set a $45.00 price target on shares of ExlService and gave the company an “outperform” rating in a report on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ExlService presently has a consensus rating of “Moderate Buy” and an average target price of $48.17.

Insider Activity

In other news, insider Vikas Bhalla sold 11,000 shares of ExlService stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $41.22, for a total value of $453,420.00. Following the completion of the sale, the insider owned 98,295 shares of the company’s stock, valued at $4,051,719.90. The trade was a 10.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is owned by company insiders.

ExlService Stock Down 0.9%

Shares of NASDAQ EXLS opened at $43.92 on Thursday. ExlService Holdings, Inc. has a 1 year low of $24.85 and a 1 year high of $44.35. The firm’s 50 day moving average price is $38.21 and its 200 day moving average price is $32.83. The firm has a market cap of $6.62 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 1.55 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.16 and a current ratio of 2.16.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, October 27th. The business services provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.56 by $0.06. The firm had revenue of $633.96 million during the quarter, compared to analysts’ expectations of $615.51 million. ExlService had a net margin of 11.13% and a return on equity of 32.53%. ExlService’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 EPS. As a group, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.88 earnings per share for the current year.

About ExlService

ExlService Holdings, commonly known as EXL, is a global data analytics and digital operations company. Founded in 1999, it helps organizations use data, technology and artificial intelligence to improve business processes and customer experiences. EXL provides services including data and analytics, consulting, automation and business process management. Its work spans industries such as insurance, healthcare, banking and financial services, utilities, retail and travel. The company serves clients in multiple countries through a global network of delivery centers.