Tributary Capital Management LLC Has $28.66 Million Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Tributary Capital Management LLC increased its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 645,850 shares of the business services provider’s stock after buying an additional 9,088 shares during the period. ExlService accounts for about 2.2% of Tributary Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Tributary Capital Management LLC owned about 0.40% of ExlService worth $28,663,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC increased its holdings in shares of ExlService by 23.1% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 21,883 shares of the business services provider’s stock worth $971,000 after buying an additional 4,106 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in ExlService by 7.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,231 shares of the business services provider’s stock worth $987,000 after acquiring an additional 1,571 shares during the last quarter. Dakota Wealth Management increased its stake in ExlService by 5.0% during the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock worth $288,000 after acquiring an additional 311 shares during the last quarter. Sheets Smith Wealth Management raised its position in ExlService by 19.1% during the fourth quarter. Sheets Smith Wealth Management now owns 29,616 shares of the business services provider’s stock valued at $1,314,000 after purchasing an additional 4,744 shares during the period. Finally, Mitsubishi UFJ Asset Management UK Ltd. lifted its stake in shares of ExlService by 8.0% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 27,000 shares of the business services provider’s stock valued at $1,198,000 after purchasing an additional 2,000 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

Insider Buying and Selling at ExlService

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $46.87, for a total value of $4,687,000.00. Following the transaction, the chief executive officer now owns 689,645 shares in the company, valued at $32,323,661.15. The trade was a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the sale, the director now directly owns 14,580 shares of the company’s stock, valued at approximately $642,249. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 426,458 shares of company stock valued at $18,720,514. Company insiders own 4.16% of the company’s stock.

ExlService Stock Performance

ExlService stock opened at $49.14 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The company has a market capitalization of $7.91 billion, a PE ratio of 43.11, a P/E/G ratio of 2.08 and a beta of 1.02. The company has a 50 day moving average price of $45.90 and a 200-day moving average price of $40.34. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $50.11.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $472.07 million during the quarter, compared to analysts’ expectations of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 EPS. As a group, equities analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EXLS. Jefferies Financial Group increased their price target on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday. Needham & Company LLC increased their target price on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Citigroup lifted their price target on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Robert W. Baird boosted their target price on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, ExlService presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

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.