ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,808 shares of the business services provider’s stock after buying an additional 439 shares during the period. Oppenheimer Asset Management Inc.’s holdings in ExlService were worth $621,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EXLS. Russell Investments Group Ltd. lifted its position in ExlService by 18.2% during the 1st quarter. Russell Investments Group Ltd. now owns 257,029 shares of the business services provider’s stock worth $8,174,000 after acquiring an additional 39,537 shares during the period. Silvercrest Asset Management Group LLC purchased a new position in ExlService in the 1st quarter valued at $19,417,000. Goldman Sachs Group Inc. increased its stake in ExlService by 118.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,668,368 shares of the business services provider’s stock valued at $51,469,000 after buying an additional 905,144 shares during the period. Vanguard Group Inc. raised its position in ExlService by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock worth $546,208,000 after buying an additional 160,723 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its stake in shares of ExlService by 661.3% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 90,499 shares of the business services provider’s stock worth $2,792,000 after acquiring an additional 78,612 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Insiders Place Their Bets

In other news, insider Vivek Jetley sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $32.75, for a total transaction of $196,500.00. Following the completion of the transaction, the insider now directly owns 328,657 shares of the company’s stock, valued at approximately $10,763,516.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Rohit Kapoor sold 35,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total value of $1,266,300.00. Following the sale, the chief executive officer now directly owns 1,424,588 shares in the company, valued at $51,541,593.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vivek Jetley sold 6,000 shares of ExlService stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $32.75, for a total value of $196,500.00. Following the sale, the insider now owns 328,657 shares of the company’s stock, valued at approximately $10,763,516.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,625 shares of company stock worth $5,685,581. Insiders own 3.75% of the company’s stock.

Wall Street Analyst Weigh In

EXLS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and increased their target price for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. Citigroup lifted their price target on ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.67.

ExlService Stock Performance

Shares of EXLS stock opened at $36.52 on Friday. The stock has a fifty day moving average price of $35.21 and a 200 day moving average price of $32.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.45 and a current ratio of 2.45. The stock has a market cap of $6.12 billion, a PE ratio of 33.81, a P/E/G ratio of 1.89 and a beta of 1.00. ExlService Holdings, Inc. has a 1 year low of $25.17 and a 1 year high of $37.00.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. The business had revenue of $448.40 million during the quarter, compared to the consensus estimate of $444.61 million. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 EPS. Sell-side analysts forecast that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

ExlService Company 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.