ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Bought by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp raised its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 19.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,779 shares of the business services provider’s stock after acquiring an additional 14,332 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in ExlService were worth $3,896,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mather Group LLC. acquired a new stake in ExlService during the 4th quarter worth $25,000. Kestra Investment Management LLC purchased a new stake in ExlService during the 4th quarter valued at about $26,000. VisionPoint Advisory Group LLC purchased a new stake in ExlService during the 4th quarter valued at about $58,000. USA Financial Formulas purchased a new position in ExlService in the 4th quarter worth approximately $58,000. Finally, UMB Bank n.a. boosted its holdings in shares of ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock worth $85,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Insider Activity

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the transaction, the executive vice president now owns 40,986 shares of the company’s stock, valued at $2,110,779. This trade represents a 28.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the transaction, the chief financial officer now owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EXLS shares. 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, January 21st. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Stifel Nicolaus raised their price objective on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC boosted their target price on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.38.

ExlService Stock Up 1.5 %

ExlService stock opened at $47.20 on Wednesday. The company has a market capitalization of $7.66 billion, a PE ratio of 41.40, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. 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 fifty-two week low of $28.16 and a fifty-two week high of $52.43. The firm has a 50 day moving average price of $48.72 and a 200 day moving average price of $44.60.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. Research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

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.