Oak Ridge Investments LLC Cuts Holdings in ExlService Holdings, Inc. $EXLS

Key Points

• Oak Ridge Investments LLC has reduced its holdings in ExlService Holdings, Inc. by 3.1%, leaving the firm with 331,723 shares valued at approximately $14.5 million.
• Several large investors have adjusted their positions in ExlService, with GAMMA Investing LLC increasing its stake by 20.6% and Fifth Third Bancorp raising its stake by 35.2% in the first quarter.
• ExlService reported a quarterly earnings per share of $0.49, exceeding analysts’ expectations of $0.45, alongside a revenue increase of 14.7% year over year.

Oak Ridge Investments LLC reduced its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 331,723 shares of the business services provider's stock after selling 10,608 shares during the quarter. ExlService comprises about 1.0% of Oak Ridge Investments LLC's investment portfolio, making the stock its 17th biggest position. Oak Ridge Investments LLC owned 0.20% of ExlService worth $14,526,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EXLS. GAMMA Investing LLC raised its position in shares of ExlService by 20.6% in the 1st quarter. GAMMA Investing LLC now owns 3,510 shares of the business services provider's stock worth $166,000 after buying an additional 599 shares during the period. SG Americas Securities LLC purchased a new position in shares of ExlService in the 1st quarter worth $346,000. Fifth Third Bancorp raised its position in shares of ExlService by 35.2% in the 1st quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock worth $101,000 after buying an additional 555 shares during the period. Azzad Asset Management Inc. ADV purchased a new position in ExlService in the first quarter valued at about $1,078,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in ExlService by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider's stock valued at $713,000 after purchasing an additional 286 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. JPMorgan Chase & Co. cut their price objective on ExlService from $56.00 to $52.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Weiss Ratings reissued a "buy (b-)" rating on shares of ExlService in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $51.33.

Insider Activity

In other news, insider Vikas Bhalla sold 8,000 shares of ExlService stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total transaction of $350,080.00. Following the sale, the insider directly owned 127,046 shares of the company's stock, valued at approximately $5,559,532.96. The trade was a 5.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.04% of the company's stock.

ExlService Stock Down 1.8%

Shares of NASDAQ EXLS opened at $41.25 on Friday. ExlService Holdings, Inc. has a 1 year low of $38.36 and a 1 year high of $52.43. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.89 and a beta of 0.86. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.15 and a current ratio of 3.15. The stock's 50-day simple moving average is $43.19 and its 200-day simple moving average is $44.43.

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

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