Tributary Capital Management LLC trimmed its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.6% in the 4th quarter, HoldingsChannel reports. The fund owned 299,435 shares of the business services provider’s stock after selling 8,069 shares during the quarter. ExlService accounts for about 1.6% of Tributary Capital Management LLC’s investment portfolio, making the stock its 15th biggest position. Tributary Capital Management LLC’s holdings in ExlService were worth $18,071,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of EXLS. FMR LLC increased its stake in shares of ExlService by 16.8% in the 2nd quarter. FMR LLC now owns 3,887,355 shares of the business services provider’s stock worth $216,060,000 after acquiring an additional 557,892 shares in the last quarter. Neumeier Poma Investment Counsel LLC grew its position in ExlService by 100.4% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 400,475 shares of the business services provider’s stock valued at $23,356,000 after purchasing an additional 200,625 shares during the last quarter. Macquarie Group Ltd. grew its position in ExlService by 30.5% during the 2nd quarter. Macquarie Group Ltd. now owns 841,679 shares of the business services provider’s stock valued at $46,781,000 after purchasing an additional 196,843 shares during the last quarter. Vanguard Group Inc. grew its position in ExlService by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 2,949,034 shares of the business services provider’s stock valued at $163,908,000 after purchasing an additional 61,535 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in ExlService by 102.8% during the 3rd quarter. Prudential Financial Inc. now owns 119,543 shares of the business services provider’s stock valued at $6,972,000 after purchasing an additional 60,610 shares during the last quarter. Institutional investors own 92.18% of the company’s stock.

In other ExlService news, EVP Nalin Kumar Miglani sold 3,526 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $60.37, for a total transaction of $212,864.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Vishal Chhibbar sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $63.90, for a total transaction of $191,700.00. Following the sale, the chief financial officer now owns 3,000 shares in the company, valued at approximately $191,700. The disclosure for this sale can be found here. In the last three months, insiders sold 42,134 shares of company stock worth $2,605,408. 5.80% of the stock is currently owned by insiders.

Several analysts recently commented on the stock. SunTrust Banks reissued a “hold” rating and set a $60.00 price objective on shares of ExlService in a research report on Monday, October 9th. Zacks Investment Research downgraded shares of ExlService from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Cowen reaffirmed a “buy” rating and set a $54.00 price target on shares of ExlService in a report on Thursday, October 12th. Robert W. Baird raised their price target on shares of ExlService from $62.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, October 12th. Finally, ValuEngine downgraded shares of ExlService from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $62.42.

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) traded down $0.98 during midday trading on Thursday, hitting $62.18. 100,700 shares of the stock were exchanged, compared to its average volume of 101,206. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.81 and a current ratio of 3.81. The stock has a market cap of $2,143.84, a P/E ratio of 29.47, a PEG ratio of 1.97 and a beta of 1.26. ExlService Holdings, Inc. has a 12-month low of $44.25 and a 12-month high of $64.34.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. The company had revenue of $192.30 million for the quarter, compared to the consensus estimate of $191.20 million. ExlService had a net margin of 9.94% and a return on equity of 14.81%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. equities research analysts forecast that ExlService Holdings, Inc. will post 2.12 EPS for the current fiscal year.

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ExlService Company Profile

ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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