Van ECK Associates Corp Buys 30,945 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Van ECK Associates Corp lifted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 40.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,295 shares of the business services provider's stock after buying an additional 30,945 shares during the period. Van ECK Associates Corp owned approximately 0.06% of ExlService worth $4,254,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. William Blair Investment Management LLC increased its holdings in shares of ExlService by 46.5% during the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider's stock worth $159,871,000 after buying an additional 1,618,003 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new position in ExlService in the first quarter valued at about $19,417,000. Handelsbanken Fonder AB boosted its stake in shares of ExlService by 1,216.2% during the third quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider's stock valued at $20,231,000 after purchasing an additional 490,000 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of ExlService by 156.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,100 shares of the business services provider's stock worth $13,296,000 after purchasing an additional 255,100 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of ExlService by 3.2% in the second quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider's stock valued at $238,869,000 after buying an additional 233,108 shares during the period. Institutional investors own 92.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Citigroup boosted their target price on shares of ExlService from $38.00 to $46.00 and gave the stock a "buy" rating in a report on Monday, October 14th. StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. increased their price target on ExlService from $38.00 to $41.00 and gave the company an "overweight" rating in a research note on Friday, September 6th. Robert W. Baird raised their price objective on ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group raised shares of ExlService from a "hold" rating to a "buy" rating and increased their target price for the company from $35.00 to $42.00 in a research report on Monday, September 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.86.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 11,190 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $34.25, for a total transaction of $383,257.50. Following the transaction, the insider now directly owns 100,866 shares in the company, valued at $3,454,660.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other ExlService news, insider Vivek Jetley sold 2,015 shares of the firm's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $35.75, for a total value of $72,036.25. Following the completion of the sale, the insider now directly owns 326,642 shares in the company, valued at $11,677,451.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Vikas Bhalla sold 11,190 shares of the company's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $34.25, for a total value of $383,257.50. Following the transaction, the insider now owns 100,866 shares in the company, valued at $3,454,660.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 296,688 shares of company stock worth $11,939,831. Corporate insiders own 4.16% of the company's stock.

ExlService Price Performance

Shares of ExlService stock traded up $0.24 during trading on Friday, hitting $45.73. The stock had a trading volume of 1,132,801 shares, compared to its average volume of 935,876. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 40.11, a P/E/G ratio of 2.20 and a beta of 0.99. ExlService Holdings, Inc. has a 12 month low of $26.23 and a 12 month high of $45.88. The business's 50-day moving average is $38.74 and its 200 day moving average is $34.33. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. ExlService's revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share. As a group, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

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.