ExlService Holdings, Inc. $EXLS Shares Sold by Oak Ridge Investments LLC

Key Points

• Oak Ridge Investments reduced its stake in ExlService by 16.0% in Q4, selling 45,735 shares and leaving it with 240,671 shares valued at about $10.21 million.
• ExlService's Board authorized a $125 million share buyback (up to 2.7% of outstanding shares), a move that typically signals the board views the stock as undervalued.
• The stock carries a consensus "Moderate Buy" rating with a consensus price target of $43.60 (four Buy ratings, one Hold), and institutional investors own about 92.92% of the company.

Oak Ridge Investments LLC lessened its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 240,671 shares of the business services provider's stock after selling 45,735 shares during the quarter. Oak Ridge Investments LLC owned 0.15% of ExlService worth $10,214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EXLS. Empowered Funds LLC lifted its holdings in shares of ExlService by 277.7% in the 1st quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider's stock valued at $821,000 after buying an additional 12,781 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of ExlService by 4.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 497,474 shares of the business services provider's stock valued at $23,486,000 after buying an additional 19,769 shares during the period. Jane Street Group LLC acquired a new position in shares of ExlService in the 1st quarter valued at about $10,084,000. EverSource Wealth Advisors LLC lifted its holdings in shares of ExlService by 575.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,883 shares of the business services provider's stock valued at $126,000 after buying an additional 2,456 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of ExlService in the 2nd quarter valued at about $1,704,000. Institutional investors and hedge funds own 92.92% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EXLS shares. Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a report on Saturday, February 7th. Stifel Nicolaus cut their price target on ExlService from $54.00 to $46.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. TD Cowen cut their price target on ExlService from $51.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. Weiss Ratings restated a "hold (c+)" rating on shares of ExlService in a research note on Thursday, January 22nd. Finally, Robert W. Baird set a $35.00 price target on ExlService in a research note on Wednesday, February 25th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.60.

Insider Buying and Selling

In other news, EVP Ajay Ayyappan sold 1,197 shares of the business's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $29.79, for a total transaction of $35,658.63. Following the transaction, the executive vice president directly owned 53,901 shares in the company, valued at $1,605,710.79. The trade was a 2.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 11,586 shares of company stock worth $449,725. 4.04% of the stock is currently owned by insiders.

ExlService Price Performance

NASDAQ:EXLS opened at $30.08 on Tuesday. ExlService Holdings, Inc. has a 12 month low of $26.94 and a 12 month high of $48.79. The stock has a 50 day moving average of $30.65 and a two-hundred day moving average of $37.49. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.32. The firm has a market cap of $4.70 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 1.32 and a beta of 0.89.

ExlService declared that its Board of Directors has authorized a stock buyback program on Tuesday, March 17th that authorizes the company to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 2.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

ExlService Profile

ExlService Holdings, Inc NASDAQ: EXLS is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.

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