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

Key Points

• UNIVEST FINANCIAL Corp reduced its stake in ExlService Holdings by 8.5% during the first quarter, selling 7,493 shares and holding 80,286 shares valued at approximately $3.79 million.
• Insider Vikas Bhalla sold 25,000 shares of ExlService for over $1.15 million, resulting in a 15.62% decrease in their ownership.
• ExlService reported earnings of $0.49 per share for the quarter, surpassing analysts’ expectations, with a revenue increase of 14.7% year-over-year.

UNIVEST FINANCIAL Corp lessened its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 8.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 80,286 shares of the business services provider's stock after selling 7,493 shares during the quarter. UNIVEST FINANCIAL Corp's holdings in ExlService were worth $3,790,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXLS. LPL Financial LLC lifted its holdings in shares of ExlService by 5.7% during the fourth quarter. LPL Financial LLC now owns 170,516 shares of the business services provider's stock worth $7,764,000 after purchasing an additional 9,217 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of ExlService by 389.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,953 shares of the business services provider's stock worth $669,000 after purchasing an additional 11,901 shares in the last quarter. Nomura Asset Management Co. Ltd. purchased a new stake in shares of ExlService during the fourth quarter worth approximately $2,974,000. Pictet Asset Management Holding SA increased its position in shares of ExlService by 16.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 23,711 shares of the business services provider's stock worth $1,052,000 after purchasing an additional 3,425 shares in the last quarter. Finally, Orion Portfolio Solutions LLC grew its holdings in ExlService by 16.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 29,203 shares of the business services provider's stock valued at $1,296,000 after buying an additional 4,052 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Insider Activity at ExlService

In other ExlService news, insider Vikas Bhalla sold 25,000 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the completion of the sale, the insider owned 135,046 shares of the company's stock, valued at approximately $6,226,971.06. The trade was a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.04% of the stock is currently owned by corporate insiders.

ExlService Price Performance

Shares of EXLS traded down $1.27 during mid-day trading on Friday, hitting $42.16. The company's stock had a trading volume of 1,858,201 shares, compared to its average volume of 1,995,654. The firm has a 50-day simple moving average of $44.76 and a 200 day simple moving average of $46.36. The firm has a market capitalization of $6.81 billion, a P/E ratio of 29.28, a P/E/G ratio of 1.92 and a beta of 0.81. ExlService Holdings, Inc. has a 1-year low of $31.87 and a 1-year high of $52.43. The company has a current ratio of 3.15, a quick ratio of 3.41 and a debt-to-equity ratio of 0.24.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. The business had revenue of $514.46 million for the quarter, compared to the consensus estimate of $504.87 million. ExlService had a return on equity of 25.38% and a net margin of 12.00%. The business's revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 earnings per share. Analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EXLS shares. Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 price objective on shares of ExlService in a report on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. increased their price objective on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $51.50.

ExlService 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.