Hood River Capital Management LLC Boosts Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Hood River Capital Management LLC lifted its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,381,290 shares of the business services provider's stock after buying an additional 43,504 shares during the quarter. Hood River Capital Management LLC owned approximately 0.86% of ExlService worth $61,302,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in shares of ExlService during the fourth quarter worth about $8,682,000. Smith Group Asset Management LLC grew its stake in shares of ExlService by 1.9% in the fourth quarter. Smith Group Asset Management LLC now owns 422,607 shares of the business services provider's stock worth $18,755,000 after acquiring an additional 7,694 shares in the last quarter. Oak Ridge Investments LLC increased its position in shares of ExlService by 3.1% during the fourth quarter. Oak Ridge Investments LLC now owns 331,169 shares of the business services provider's stock worth $14,697,000 after acquiring an additional 9,859 shares during the period. MML Investors Services LLC raised its stake in shares of ExlService by 23.2% in the third quarter. MML Investors Services LLC now owns 10,415 shares of the business services provider's stock valued at $397,000 after acquiring an additional 1,959 shares in the last quarter. Finally, Barclays PLC boosted its holdings in ExlService by 62.6% in the third quarter. Barclays PLC now owns 446,605 shares of the business services provider's stock valued at $17,040,000 after purchasing an additional 171,912 shares during the period. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Stock Performance

Shares of EXLS stock traded down $0.66 during mid-day trading on Monday, hitting $43.78. 591,254 shares of the stock were exchanged, compared to its average volume of 994,981. ExlService Holdings, Inc. has a 12-month low of $28.59 and a 12-month high of $52.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 38.40, a P/E/G ratio of 2.11 and a beta of 0.91. The stock's fifty day simple moving average is $46.21 and its two-hundred day simple moving average is $45.88.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. On average, analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Activity

In related news, EVP Ajay Ayyappan sold 16,186 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the sale, the executive vice president now owns 40,986 shares in the company, valued at $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Anita Mahon sold 10,558 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the transaction, the executive vice president now owns 94,443 shares in the company, valued at $4,336,822.56. The trade was a 10.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,598 shares of company stock valued at $1,661,461. Company insiders own 4.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Stifel Nicolaus increased their price target on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Jefferies Financial Group lifted their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Needham & Company LLC increased their price objective on shares of ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, StockNews.com cut shares of ExlService from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, ExlService presently has an average rating of "Moderate Buy" and an average price target of $48.86.

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.