ExlService Holdings, Inc. (NASDAQ:EXLS) Stock Holdings Lifted by Oak Ridge Investments LLC

Oak Ridge Investments LLC lifted its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 331,169 shares of the business services provider’s stock after acquiring an additional 9,859 shares during the quarter. ExlService makes up about 1.2% of Oak Ridge Investments LLC’s holdings, making the stock its 20th biggest holding. Oak Ridge Investments LLC owned 0.21% of ExlService worth $14,697,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC raised its position in ExlService by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock valued at $1,196,000 after buying an additional 254 shares during the period. Azzad Asset Management Inc. ADV increased its holdings in shares of ExlService by 1.1% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock valued at $944,000 after purchasing an additional 261 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of ExlService by 3.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock worth $279,000 after purchasing an additional 291 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of ExlService by 5.0% during the third quarter. V Square Quantitative Management LLC now owns 7,482 shares of the business services provider’s stock worth $285,000 after purchasing an additional 359 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in shares of ExlService by 2.3% during the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider’s stock worth $597,000 after purchasing an additional 359 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Activity

In other news, Director Jaynie M. Studenmund sold 3,645 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the sale, the director now owns 14,580 shares in the company, valued at approximately $642,249. This trade represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the transaction, the chief executive officer now owns 1,190,240 shares of the company’s stock, valued at approximately $50,073,396.80. The trade was a 7.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 426,458 shares of company stock valued at $18,720,514. 4.16% of the stock is owned by insiders.

ExlService Stock Up 0.2 %

Shares of EXLS stock opened at $47.15 on Friday. The stock’s 50 day simple moving average is $45.60 and its 200 day simple moving average is $39.80. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $47.93. 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 company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 41.36, a PEG ratio of 1.89 and a beta of 1.02.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $472.07 million during the quarter, compared to analysts’ expectations of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. ExlService’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 earnings per share. As a group, research analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EXLS. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Friday. Robert W. Baird lifted their price objective on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Citigroup upped their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, Needham & Company LLC lifted their price target on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, ExlService has a consensus rating of “Moderate Buy” and an average target price of $42.86.

ExlService Company 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.