ExlService Holdings, Inc. $EXLS Shares Acquired 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 raised its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 342,331 shares of the business services provider's stock after acquiring an additional 11,162 shares during the period. ExlService makes up 1.3% of Oak Ridge Investments LLC's investment portfolio, making the stock its 18th biggest holding. Oak Ridge Investments LLC owned 0.21% of ExlService worth $16,161,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. purchased a new stake in ExlService during the 1st quarter valued at approximately $45,000. Morse Asset Management Inc purchased a new position in shares of ExlService during the 4th quarter worth approximately $49,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of ExlService during the 1st quarter worth approximately $77,000. Caitong International Asset Management Co. Ltd raised its stake in shares of ExlService by 25.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider's stock worth $85,000 after buying an additional 369 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of ExlService during the 4th quarter worth approximately $85,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Price Performance

NASDAQ EXLS traded down $0.0510 during mid-day trading on Tuesday, hitting $43.1290. The stock had a trading volume of 256,508 shares, compared to its average volume of 1,636,913. ExlService Holdings, Inc. has a 52-week low of $35.15 and a 52-week high of $52.43. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 29.96, a P/E/G ratio of 1.87 and a beta of 0.81. The company has a 50 day simple moving average of $43.88 and a 200 day simple moving average of $45.83. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The business services provider reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The firm had revenue of $514.46 million for the quarter, compared to analysts' expectations of $504.87 million. ExlService had a return on equity of 25.38% and a net margin of 12.00%.ExlService's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Equities analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EXLS. JPMorgan Chase & Co. increased their target price on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Needham & Company LLC reissued a "buy" rating and set a $55.00 target price on shares of ExlService in a research note on Tuesday, June 3rd. Finally, Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $51.50.

About ExlService

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.