Victory Capital Management Inc. Sells 1,800 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Victory Capital Management Inc. reduced its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Silvercrest Asset Management Group LLC purchased a new stake in shares of ExlService in the 1st quarter valued at about $19,417,000. Assetmark Inc. lifted its position in shares of ExlService by 107,991.3% in the 3rd quarter. Assetmark Inc. now owns 24,861 shares of the business services provider’s stock worth $948,000 after purchasing an additional 24,838 shares during the period. Renaissance Technologies LLC raised its position in shares of ExlService by 317.0% in the 2nd quarter. Renaissance Technologies LLC now owns 255,200 shares of the business services provider’s stock worth $8,003,000 after acquiring an additional 194,000 shares in the last quarter. Point72 DIFC Ltd lifted its holdings in shares of ExlService by 681.5% during the second quarter. Point72 DIFC Ltd now owns 21,960 shares of the business services provider’s stock valued at $689,000 after purchasing an additional 19,150 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in ExlService by 46.8% in the second quarter. Canada Pension Plan Investment Board now owns 207,700 shares of the business services provider’s stock worth $6,513,000 after buying an additional 66,200 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Trading Up 1.2 %

NASDAQ EXLS opened at $46.21 on Monday. The company has a market capitalization of $7.43 billion, a PE ratio of 40.54, a P/E/G ratio of 2.22 and a beta of 0.99. ExlService Holdings, Inc. has a 1 year low of $27.95 and a 1 year high of $47.32. The company has a fifty day moving average of $40.64 and a 200 day moving average of $35.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $472.07 million during the quarter, compared to analysts’ expectations of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 earnings per share. Research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EXLS shares. Citigroup upped their price target on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $42.00 in a research report on Monday, September 9th. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Robert W. Baird upped their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. boosted their target price on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.86.

Insiders Place Their Bets

In related news, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $41.45, for a total value of $4,145,000.00. Following the completion of the sale, the chief executive officer now owns 1,290,240 shares in the company, valued at approximately $53,480,448. This trade represents a 7.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vikas Bhalla sold 22,813 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the sale, the insider now owns 102,825 shares in the company, valued at $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 three months, insiders sold 461,458 shares of company stock worth $19,986,814. Corporate insiders own 4.16% of the company’s stock.

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.