Victory Capital Management Inc. Buys 144,103 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Victory Capital Management Inc. increased its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 126.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 257,824 shares of the business services provider's stock after buying an additional 144,103 shares during the quarter. Victory Capital Management Inc. owned about 0.16% of ExlService worth $12,172,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of ExlService by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock valued at $699,925,000 after buying an additional 215,485 shares during the period. FMR LLC boosted its position in shares of ExlService by 39.4% in the 4th quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock valued at $415,588,000 after purchasing an additional 2,647,937 shares during the period. Handelsbanken Fonder AB boosted its position in shares of ExlService by 25.2% in the 1st quarter. Handelsbanken Fonder AB now owns 2,746,690 shares of the business services provider's stock valued at $129,671,000 after purchasing an additional 552,000 shares during the period. Norges Bank acquired a new position in shares of ExlService in the 4th quarter valued at $106,452,000. Finally, Northern Trust Corp boosted its position in shares of ExlService by 13.1% in the 4th quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider's stock valued at $96,690,000 after purchasing an additional 252,669 shares during the period. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Stock Up 1.1%

Shares of NASDAQ EXLS traded up $0.46 during mid-day trading on Friday, reaching $42.86. 1,211,671 shares of the company traded hands, compared to its average volume of 3,266,218. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.41 and a current ratio of 3.41. The stock has a market cap of $6.97 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 1.96 and a beta of 0.80. The company's fifty day moving average is $45.10 and its two-hundred day moving average is $46.47. ExlService Holdings, Inc. has a fifty-two week low of $31.87 and a fifty-two week high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. ExlService had a return on equity of 25.11% and a net margin of 11.36%. The business had revenue of $501.02 million for the quarter, compared to analyst estimates of $489.66 million. During the same quarter in the prior year, the firm posted $0.38 EPS. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. On average, analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Activity at ExlService

In related news, insider Vikas Bhalla sold 25,000 shares of the stock in a transaction that occurred on 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 in the company, valued at $6,226,971.06. This represents a 15.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jaynie M. Studenmund sold 14,580 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $47.53, for a total value of $692,987.40. The disclosure for this sale can be found here. 4.04% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

About ExlService

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.