UNIVEST FINANCIAL Corp Buys 14,332 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

UNIVEST FINANCIAL Corp grew its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 19.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,779 shares of the business services provider’s stock after buying an additional 14,332 shares during the quarter. UNIVEST FINANCIAL Corp owned approximately 0.05% of ExlService worth $3,896,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Pathstone Holdings LLC boosted its stake in shares of ExlService by 0.8% in the third quarter. Pathstone Holdings LLC now owns 49,950 shares of the business services provider’s stock worth $1,906,000 after acquiring an additional 405 shares during the period. Intech Investment Management LLC purchased a new stake in ExlService during the 3rd quarter valued at approximately $1,194,000. Charles Schwab Investment Management Inc. raised its position in shares of ExlService by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider’s stock valued at $82,448,000 after buying an additional 9,775 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of ExlService in the third quarter worth $17,198,000. Finally, Advantage Alpha Capital Partners LP purchased a new position in ExlService during the third quarter valued at $3,791,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EXLS shares. Stifel Nicolaus boosted their price target 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. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Needham & Company LLC increased their price target on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Jefferies Financial Group boosted their target price on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.38.

ExlService Stock Performance

Shares of EXLS opened at $47.20 on Wednesday. The stock has a 50-day moving average of $48.72 and a two-hundred day moving average of $44.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a market cap of $7.66 billion, a P/E ratio of 41.40, a P/E/G ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a one year low of $28.16 and a one year high of $52.43.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS 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 analysts’ expectations of $475.68 million. As a group, research analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Activity at ExlService

In other news, EVP Ajay Ayyappan sold 16,186 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the sale, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at $2,110,779. This represents a 28.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Anita Mahon sold 10,558 shares of ExlService stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the transaction, the executive vice president now owns 94,443 shares of the company’s stock, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,351 shares of company stock worth $2,337,284 in the last three months. Company insiders own 4.16% 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.