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

Hood River Capital Management LLC increased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,381,290 shares of the business services provider’s stock after purchasing an additional 43,504 shares during the quarter. Hood River Capital Management LLC owned approximately 0.86% of ExlService worth $61,302,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Mather Group LLC. bought a new stake in shares of ExlService during the 4th quarter worth $25,000. Kestra Investment Management LLC purchased a new stake in shares of ExlService during the 4th quarter worth approximately $26,000. USA Financial Formulas purchased a new position in ExlService in the fourth quarter valued at approximately $58,000. VisionPoint Advisory Group LLC bought a new position in ExlService during the fourth quarter valued at $58,000. Finally, UMB Bank n.a. lifted its position in shares of ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock valued at $85,000 after buying an additional 288 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Stock Performance

ExlService stock opened at $43.40 on Wednesday. The firm has a fifty day simple moving average of $46.60 and a two-hundred day simple moving average of $45.71. ExlService Holdings, Inc. has a twelve month low of $28.59 and a twelve month high of $52.43. The company has a market capitalization of $7.04 billion, a PE ratio of 38.07, a P/E/G ratio of 2.11 and a beta of 0.91. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last announced 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 company had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. Research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Activity

In other news, EVP Ajay Ayyappan sold 16,186 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the sale, the executive vice president now owns 40,986 shares in the company, valued at approximately $2,110,779. The trade was a 28.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the transaction, the executive vice president now owns 94,443 shares of the company’s stock, valued at approximately $4,336,822.56. The trade was a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,351 shares of company stock valued at $2,337,284. Company insiders own 4.16% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.