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

Victory Capital Management Inc. raised its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 126.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 257,824 shares of the business services provider's stock after acquiring an additional 144,103 shares during the quarter. Victory Capital Management Inc. owned approximately 0.16% of ExlService worth $12,172,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. American Century Companies Inc. grew its stake in ExlService by 204.2% during the 4th quarter. American Century Companies Inc. now owns 609,616 shares of the business services provider's stock valued at $27,055,000 after purchasing an additional 409,242 shares during the last quarter. Sei Investments Co. increased its holdings in ExlService by 66.1% in the 4th quarter. Sei Investments Co. now owns 164,005 shares of the business services provider's stock worth $7,279,000 after buying an additional 65,268 shares during the period. KLP Kapitalforvaltning AS purchased a new position in ExlService during the 4th quarter worth approximately $1,722,000. LPL Financial LLC lifted its stake in ExlService by 5.7% during the 4th quarter. LPL Financial LLC now owns 170,516 shares of the business services provider's stock valued at $7,764,000 after acquiring an additional 9,217 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of ExlService by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock valued at $699,925,000 after acquiring an additional 215,485 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

ExlService Stock Down 1.0%

Shares of NASDAQ EXLS traded down $0.41 during midday trading on Thursday, hitting $42.40. 1,223,599 shares of the company's stock were exchanged, compared to its average volume of 3,358,851. The firm's fifty day simple moving average is $45.24 and its 200-day simple moving average is $46.49. ExlService Holdings, Inc. has a twelve month low of $31.87 and a twelve month high of $52.43. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.41 and a quick ratio of 3.41. The company has a market cap of $6.90 billion, a PE ratio of 32.12, a P/E/G ratio of 1.96 and a beta of 0.80.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 earnings per share 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 company had revenue of $501.02 million during the quarter, compared to analysts' expectations of $489.66 million. During the same quarter in the previous year, the business earned $0.38 earnings per share. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. Research analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Jaynie M. Studenmund sold 14,580 shares of ExlService stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $47.53, for a total transaction of $692,987.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vikas Bhalla sold 25,000 shares of the firm's 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 sale, the insider owned 135,046 shares in the company, valued at approximately $6,226,971.06. This trade represents a 15.62% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.04% of the company's stock.

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.