Oak Ridge Investments LLC Boosts Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Oak Ridge Investments LLC raised its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 54.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 321,310 shares of the business services provider's stock after purchasing an additional 113,084 shares during the period. ExlService accounts for approximately 1.1% of Oak Ridge Investments LLC's investment portfolio, making the stock its 19th biggest holding. Oak Ridge Investments LLC owned about 0.19% of ExlService worth $12,258,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. increased its stake in ExlService by 164.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider's stock valued at $29,000 after purchasing an additional 574 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in ExlService in the 1st quarter worth $30,000. Fidelis Capital Partners LLC purchased a new stake in ExlService during the 1st quarter valued at about $43,000. Headlands Technologies LLC increased its holdings in shares of ExlService by 269.0% in the first quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider's stock valued at $51,000 after purchasing an additional 1,162 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of ExlService by 29.7% in the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider's stock worth $62,000 after purchasing an additional 375 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Insider Buying and Selling

In other news, CEO Rohit Kapoor sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $34.05, for a total value of $1,362,000.00. Following the transaction, the chief executive officer now owns 1,509,588 shares in the company, valued at $51,401,471.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Rohit Kapoor sold 40,000 shares of the business's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the transaction, the chief executive officer now directly owns 1,509,588 shares in the company, valued at approximately $51,401,471.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ajay Ayyappan sold 21,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total transaction of $721,980.00. Following the completion of the sale, the executive vice president now owns 29,909 shares of the company's stock, valued at approximately $1,028,271.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,875 shares of company stock worth $4,716,859. Insiders own 4.16% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EXLS. Jefferies Financial Group upgraded shares of ExlService from a "hold" rating to a "buy" rating and lifted their price objective for the company from $35.00 to $42.00 in a research note on Monday, September 9th. Citigroup upped their price target on shares of ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a report on Monday, October 14th. Needham & Company LLC lifted their price objective on ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday. Robert W. Baird upped their target price on ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on ExlService from $38.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, September 6th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, ExlService currently has a consensus rating of "Moderate Buy" and an average target price of $42.86.

ExlService Price Performance

Shares of ExlService stock traded down $0.06 on Friday, reaching $41.61. The company's stock had a trading volume of 917,399 shares, compared to its average volume of 947,222. ExlService Holdings, Inc. has a 52-week low of $26.15 and a 52-week high of $42.27. The company has a market capitalization of $6.72 billion, a P/E ratio of 36.39, a PEG ratio of 2.19 and a beta of 1.00. The company has a quick ratio of 2.45, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average price of $37.83 and a 200-day moving average price of $33.73.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company's revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. Analysts expect that ExlService Holdings, Inc. will post 1.28 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.