Van ECK Associates Corp Buys 33,589 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Van ECK Associates Corp increased its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 31.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 141,884 shares of the business services provider’s stock after buying an additional 33,589 shares during the quarter. Van ECK Associates Corp’s holdings in ExlService were worth $6,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Algert Global LLC increased its stake in shares of ExlService by 18.0% in the third quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock valued at $5,740,000 after buying an additional 22,970 shares during the period. Quest Partners LLC increased its stake in shares of ExlService by 196.8% in the third quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock valued at $2,671,000 after buying an additional 46,422 shares during the period. Eagle Asset Management Inc. increased its position in ExlService by 4.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock valued at $27,163,000 after purchasing an additional 29,510 shares during the period. Assetmark Inc. increased its position in ExlService by 107,991.3% during the 3rd quarter. Assetmark Inc. now owns 24,861 shares of the business services provider’s stock valued at $948,000 after purchasing an additional 24,838 shares during the period. Finally, Walleye Capital LLC acquired a new stake in ExlService during the 3rd quarter valued at approximately $1,543,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

Analyst Ratings Changes

EXLS has been the subject of a number of recent analyst reports. Needham & Company LLC increased their target price on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group increased their target price on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Finally, Robert W. Baird raised their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $45.00.

Insider Buying and Selling at ExlService

In other news, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the sale, the executive vice president now directly owns 40,986 shares in the company, valued at $2,110,779. The trade was a 28.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the sale, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.16% of the company’s stock.

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $50.93 on Tuesday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $47.46 and its two-hundred day simple moving average is $42.36. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $52.43. The stock has a market cap of $8.19 billion, a PE ratio of 44.68, a price-to-earnings-growth ratio of 2.17 and a beta of 1.03.

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.