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

Van ECK Associates Corp increased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 31.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 141,884 shares of the business services provider's stock after purchasing an additional 33,589 shares during the quarter. Van ECK Associates Corp owned approximately 0.09% of ExlService worth $6,297,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Mather Group LLC. bought a new position in ExlService during the fourth quarter worth about $25,000. Ashton Thomas Securities LLC bought a new position in ExlService in the 3rd quarter worth approximately $27,000. Huntington National Bank boosted its holdings in 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 period. USA Financial Formulas purchased a new position in ExlService in the 4th quarter valued at approximately $58,000. Finally, UMB Bank n.a. raised its holdings in 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 acquiring an additional 288 shares during the period. Hedge funds and other institutional investors own 92.92% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EXLS shares. Needham & Company LLC raised their price target on ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. StockNews.com upgraded ExlService from a "hold" rating to a "buy" rating in a research note on Sunday, February 2nd. Jefferies Financial Group upped their price target on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Finally, Robert W. Baird boosted their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.00.

ExlService Price Performance

Shares of NASDAQ:EXLS traded down $2.43 on Friday, hitting $48.00. The company's stock had a trading volume of 2,010,775 shares, compared to its average volume of 942,852. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $52.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The company has a market capitalization of $7.72 billion, a PE ratio of 42.11, a PEG ratio of 2.17 and a beta of 1.03. The company has a 50-day simple moving average of $47.79 and a 200 day simple moving average of $42.70.

Insiders Place Their Bets

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the sale, the chief financial officer now owns 194,440 shares of the company's stock, valued at $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ajay Ayyappan sold 4,989 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total value of $252,942.30. Following the transaction, the executive vice president now owns 40,986 shares in the company, valued at $2,077,990.20. This trade represents a 10.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,928 shares of company stock valued at $1,762,344 in the last quarter. Corporate insiders own 4.16% of the company's stock.

ExlService Company 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.