Oak Ridge Investments LLC Has $12.61 Million Position in ExlService Holdings, Inc. $EXLS

Oak Ridge Investments LLC trimmed its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 13.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 286,406 shares of the business services provider’s stock after selling 45,317 shares during the period. ExlService makes up approximately 0.8% of Oak Ridge Investments LLC’s holdings, making the stock its 24th largest holding. Oak Ridge Investments LLC’s holdings in ExlService were worth $12,610,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of EXLS. Securian Asset Management Inc. increased its holdings in ExlService by 1.9% in the 2nd quarter. Securian Asset Management Inc. now owns 12,390 shares of the business services provider’s stock valued at $543,000 after buying an additional 228 shares during the period. Huntington National Bank boosted its holdings in ExlService by 14.4% in the second quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 246 shares during the last quarter. Blue Trust Inc. raised its stake in shares of ExlService by 6.9% during the second quarter. Blue Trust Inc. now owns 3,914 shares of the business services provider’s stock worth $171,000 after buying an additional 254 shares during the last quarter. Jennison Associates LLC grew its stake in shares of ExlService by 1.5% during the second quarter. Jennison Associates LLC now owns 19,477 shares of the business services provider’s stock worth $853,000 after purchasing an additional 288 shares during the period. Finally, Campbell Newman Asset Management Inc. increased its stake in shares of ExlService by 0.5% in the 3rd quarter. Campbell Newman Asset Management Inc. now owns 79,500 shares of the business services provider’s stock valued at $3,500,000 after acquiring an additional 378 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen lowered ExlService from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings downgraded ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Finally, TD Cowen reduced their target price on ExlService from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, ExlService presently has an average rating of “Moderate Buy” and an average target price of $53.80.

ExlService Price Performance

Shares of NASDAQ EXLS opened at $42.77 on Friday. The business’s 50 day moving average is $41.22 and its 200-day moving average is $42.12. The firm has a market cap of $6.79 billion, a P/E ratio of 29.10, a price-to-earnings-growth ratio of 1.72 and a beta of 0.91. ExlService Holdings, Inc. has a 1-year low of $37.30 and a 1-year high of $52.43. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.43.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, October 28th. The business services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $529.59 million for the quarter, compared to analyst estimates of $522.35 million. ExlService had a return on equity of 25.60% and a net margin of 11.91%.The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 EPS. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. Equities research analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Vikas Bhalla sold 11,774 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total transaction of $470,842.26. Following the transaction, the insider directly owned 115,272 shares of the company’s stock, valued at approximately $4,609,727.28. This trade represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.04% of the company’s stock.

ExlService Company 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.