Van ECK Associates Corp Grows Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Van ECK Associates Corp increased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 31.0% during the 4th quarter, according to the company in its most recent 13F filing with the 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 owned about 0.09% of ExlService worth $6,297,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mather Group LLC. acquired a new position in shares of ExlService during the fourth quarter worth about $25,000. Ashton Thomas Securities LLC bought a new position in shares of ExlService in the 3rd quarter worth about $27,000. Huntington National Bank lifted its position in shares of ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after buying an additional 1,131 shares during the last quarter. USA Financial Formulas bought a new position in shares of ExlService in the 4th quarter worth about $58,000. Finally, UMB Bank n.a. lifted its position in shares of ExlService by 17.6% in the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock worth $85,000 after buying an additional 288 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Price Performance

NASDAQ EXLS opened at $50.93 on Tuesday. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $52.43. 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 firm’s 50 day moving average is $47.46 and its 200-day moving average is $42.36. The company has a market capitalization 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.

Insider Buying and Selling

In related news, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the transaction, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ajay Ayyappan sold 16,186 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the transaction, the executive vice president now owns 40,986 shares in the company, valued at $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.16% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EXLS shares. Needham & Company LLC boosted their price target on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group boosted their price objective 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 boosted their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.00.

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.