Oppenheimer Asset Management Inc. Sells 1,413 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Oppenheimer Asset Management Inc. reduced its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 6.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,372 shares of the business services provider’s stock after selling 1,413 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ExlService were worth $915,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of EXLS. Alta Capital Management LLC lifted its holdings in ExlService by 16.5% in the first quarter. Alta Capital Management LLC now owns 5,394 shares of the business services provider’s stock valued at $255,000 after buying an additional 764 shares during the period. Blue Trust Inc. raised its position in shares of ExlService by 13.7% in the 1st quarter. Blue Trust Inc. now owns 3,660 shares of the business services provider’s stock worth $173,000 after acquiring an additional 442 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of ExlService by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 18,850 shares of the business services provider’s stock valued at $889,000 after purchasing an additional 505 shares during the period. QRG Capital Management Inc. lifted its stake in shares of ExlService by 3.7% in the 1st quarter. QRG Capital Management Inc. now owns 15,713 shares of the business services provider’s stock valued at $742,000 after purchasing an additional 559 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in shares of ExlService during the 1st quarter valued at about $102,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Stock Down 0.0%

Shares of NASDAQ:EXLS opened at $43.82 on Friday. ExlService Holdings, Inc. has a 52-week low of $30.99 and a 52-week high of $52.43. The business’s 50 day simple moving average is $45.92 and its two-hundred day simple moving average is $46.65. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.41 and a current ratio of 3.41. The firm has a market cap of $7.13 billion, a P/E ratio of 33.20, a PEG ratio of 2.01 and a beta of 0.83.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. ExlService had a net margin of 11.36% and a return on equity of 25.11%. The firm had revenue of $501.02 million for the quarter, compared to analyst estimates of $489.66 million. During the same period last year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Activity at ExlService

In other ExlService news, insider Vikas Bhalla sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the transaction, the insider now directly owns 135,046 shares in the company, valued at approximately $6,226,971.06. This trade represents a 15.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jaynie M. Studenmund sold 14,580 shares of the firm’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $47.53, for a total transaction of $692,987.40. The disclosure for this sale can be found here. 4.04% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EXLS shares. Needham & Company LLC reissued a “buy” rating and issued a $55.00 price target on shares of ExlService in a research note on Tuesday, June 3rd. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of ExlService from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $51.50.

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.