Hood River Capital Management LLC Has $61.30 Million Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Hood River Capital Management LLC grew its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,381,290 shares of the business services provider's stock after buying an additional 43,504 shares during the period. Hood River Capital Management LLC owned approximately 0.86% of ExlService worth $61,302,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. MML Investors Services LLC lifted its holdings in ExlService by 23.2% in the 3rd quarter. MML Investors Services LLC now owns 10,415 shares of the business services provider's stock worth $397,000 after purchasing an additional 1,959 shares during the last quarter. Barclays PLC raised its position in shares of ExlService by 62.6% in the third quarter. Barclays PLC now owns 446,605 shares of the business services provider's stock valued at $17,040,000 after purchasing an additional 171,912 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of ExlService by 5.4% in the third quarter. Sanctuary Advisors LLC now owns 10,744 shares of the business services provider's stock worth $410,000 after buying an additional 547 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of ExlService during the 3rd quarter worth $216,000. Finally, Franklin Resources Inc. grew its stake in ExlService by 4.2% in the 3rd quarter. Franklin Resources Inc. now owns 99,057 shares of the business services provider's stock valued at $3,953,000 after buying an additional 4,029 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

Insiders Place Their Bets

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the sale, the executive vice president now directly owns 40,986 shares in the company, valued at $2,110,779. This represents a 28.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the transaction, the chief financial officer now directly owns 194,440 shares of the company's stock, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,351 shares of company stock worth $2,337,284 over the last quarter. Company insiders own 4.16% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on EXLS. Stifel Nicolaus boosted their target price 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. Needham & Company LLC increased their target price on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. StockNews.com lowered ExlService from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Finally, Jefferies Financial Group upped their price target on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $48.86.

ExlService Stock Performance

Shares of EXLS stock traded down $0.39 during mid-day trading on Friday, reaching $44.43. The stock had a trading volume of 1,546,014 shares, compared to its average volume of 994,913. ExlService Holdings, Inc. has a one year low of $28.59 and a one year high of $52.43. The firm has a market cap of $7.21 billion, a PE ratio of 38.97, a P/E/G ratio of 2.11 and a beta of 0.91. The firm's 50 day simple moving average is $46.21 and its 200 day simple moving average is $45.79. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08). The firm had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. On average, analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

ExlService 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.