Oak Ridge Investments LLC Purchases 9,859 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Oak Ridge Investments LLC increased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 331,169 shares of the business services provider’s stock after acquiring an additional 9,859 shares during the quarter. ExlService comprises about 1.2% of Oak Ridge Investments LLC’s investment portfolio, making the stock its 20th largest position. Oak Ridge Investments LLC’s holdings in ExlService were worth $14,697,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its position in ExlService by 3.2% during the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock valued at $238,869,000 after purchasing an additional 233,108 shares during the period. State Street Corp boosted its position in ExlService by 1.0% during the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock worth $222,693,000 after acquiring an additional 59,196 shares during the last quarter. Geneva Capital Management LLC boosted its holdings in ExlService by 1.9% during the third quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock worth $179,092,000 after purchasing an additional 87,592 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of ExlService by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock valued at $165,083,000 after acquiring an additional 149,856 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in ExlService by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,468,039 shares of the business services provider’s stock valued at $108,756,000 after purchasing an additional 88,759 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ExlService Trading Up 0.2 %

Shares of NASDAQ:EXLS opened at $47.15 on Friday. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $47.93. The business has a 50 day moving average of $45.60 and a 200-day moving average of $39.80. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $7.59 billion, a PE ratio of 41.36, a P/E/G ratio of 1.89 and a beta of 1.02.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results 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. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. During the same period in the previous year, the company posted $0.30 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the sale, the chief executive officer now directly owns 689,645 shares of the company’s stock, valued at approximately $32,323,661.15. This represents a 12.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the sale, the director now directly owns 14,580 shares of the company’s stock, valued at $642,249. This represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,458 shares of company stock valued at $18,720,514. 4.16% of the stock is owned by company insiders.

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.