ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Bought by Oak Ridge Investments LLC

Key Points

• Oak Ridge Investments LLC increased its stake in ExlService Holdings, Inc. by 3.4%, owning approximately 342,331 shares worth about $16.16 million, making it the 18th largest holding in their portfolio.
• Wall Street analysts generally have a positive outlook on ExlService, with a consensus rating of "Moderate Buy" and a target price of $51.50, following multiple upgrades from firms such as JPMorgan and Needham & Company.
• ExlService reported 14.7% year-over-year revenue growth in its recent quarterly earnings, surpassing analysts' expectations with an EPS of $0.49 compared to the anticipated $0.45.

Oak Ridge Investments LLC boosted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 3.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 342,331 shares of the business services provider's stock after acquiring an additional 11,162 shares during the period. ExlService accounts for about 1.3% of Oak Ridge Investments LLC's investment portfolio, making the stock its 18th largest position. Oak Ridge Investments LLC owned about 0.21% of ExlService worth $16,161,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. bought a new stake in ExlService in the first quarter worth $45,000. Morse Asset Management Inc bought a new stake in ExlService in the fourth quarter worth $49,000. Strategic Investment Solutions Inc. IL bought a new stake in ExlService in the first quarter worth $77,000. Johnson Financial Group Inc. bought a new stake in ExlService in the fourth quarter worth $85,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of ExlService by 25.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider's stock worth $85,000 after purchasing an additional 369 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

Wall Street Analyst Weigh In

EXLS has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $55.00 target price on shares of ExlService in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $51.50.

ExlService Stock Performance

NASDAQ EXLS traded down $0.50 during trading hours on Friday, reaching $42.34. The stock had a trading volume of 967,108 shares, compared to its average volume of 1,817,377. The stock has a fifty day moving average of $43.96 and a 200 day moving average of $45.92. The stock has a market cap of $6.84 billion, a P/E ratio of 29.40, a price-to-earnings-growth ratio of 1.87 and a beta of 0.81. ExlService Holdings, Inc. has a 52-week low of $35.00 and a 52-week high of $52.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.15 and a current ratio of 3.15.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. The business had revenue of $514.46 million for the quarter, compared to analyst estimates of $504.87 million. ExlService had a return on equity of 25.38% and a net margin of 12.00%. The business's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 EPS. Sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

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.