Oppenheimer Asset Management Inc. Grows Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Oppenheimer Asset Management Inc. raised its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 18.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,529 shares of the business services provider’s stock after purchasing an additional 3,721 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ExlService were worth $898,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Chartwell Investment Partners LLC raised its position in ExlService by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock valued at $1,196,000 after purchasing an additional 254 shares during the period. Azzad Asset Management Inc. ADV increased its position in shares of ExlService by 1.1% during the third quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock worth $944,000 after acquiring an additional 261 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of ExlService by 3.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock worth $279,000 after acquiring an additional 291 shares during the last quarter. V Square Quantitative Management LLC increased its position in shares of ExlService by 5.2% during the second quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider’s stock worth $223,000 after acquiring an additional 349 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of ExlService by 29.7% during the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after acquiring an additional 375 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Stock Down 0.8 %

Shares of ExlService stock opened at $44.35 on Tuesday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $39.75 and a 200 day moving average price of $34.98. ExlService Holdings, Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $47.32. The firm has a market cap of $7.14 billion, a P/E ratio of 38.90, a P/E/G ratio of 2.17 and a beta of 0.99.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. During the same period in the previous year, the firm posted $0.30 earnings per share. ExlService’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EXLS. JPMorgan Chase & Co. lifted their target price on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Citigroup lifted their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. Finally, Needham & Company LLC boosted their price objective on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ExlService has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

Insider Buying and Selling at ExlService

In other news, CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the completion of the transaction, the chief executive officer now directly owns 689,645 shares in the company, valued at approximately $32,323,661.15. The trade was a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Anita Mahon sold 25,670 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $35.50, for a total value of $911,285.00. Following the transaction, the executive vice president now owns 68,857 shares of the company’s stock, valued at approximately $2,444,423.50. This represents a 27.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 483,483 shares of company stock worth $20,737,537 over the last ninety days. Company insiders own 4.16% of the company’s stock.

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.