Van ECK Associates Corp Acquires 13,158 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Van ECK Associates Corp boosted its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 39.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,437 shares of the business services provider’s stock after acquiring an additional 13,158 shares during the quarter. Van ECK Associates Corp’s holdings in ExlService were worth $1,433,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its position in ExlService by 439.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 857 shares in the last quarter. Operose Advisors LLC purchased a new stake in ExlService in the 3rd quarter valued at about $38,000. RiverPark Advisors LLC increased its stake in ExlService by 65.2% in the 4th quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider’s stock valued at $39,000 after buying an additional 503 shares during the last quarter. GAMMA Investing LLC purchased a new stake in ExlService in the 4th quarter valued at about $43,000. Finally, Fifth Third Bancorp increased its stake in ExlService by 944.3% in the 3rd quarter. Fifth Third Bancorp now owns 1,556 shares of the business services provider’s stock valued at $44,000 after buying an additional 1,407 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Trading Down 0.9 %

Shares of EXLS stock opened at $30.54 on Friday. The company has a 50 day moving average of $30.55 and a 200-day moving average of $29.89. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. ExlService Holdings, Inc. has a 12-month low of $25.17 and a 12-month high of $33.40. The firm has a market cap of $4.96 billion, a P/E ratio of 28.28, a PEG ratio of 1.55 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). ExlService had a return on equity of 23.13% and a net margin of 10.92%. The company had revenue of $414.06 million for the quarter, compared to analysts’ expectations of $408.56 million. Sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.3 earnings per share for the current year.

Insider Activity at ExlService

In related news, EVP Ajay Ayyappan sold 9,259 shares of ExlService stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total value of $292,491.81. Following the completion of the transaction, the executive vice president now directly owns 50,693 shares in the company, valued at approximately $1,601,391.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other ExlService news, EVP Ajay Ayyappan sold 9,259 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total value of $292,491.81. Following the completion of the transaction, the executive vice president now directly owns 50,693 shares of the company’s stock, valued at approximately $1,601,391.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Vikas Bhalla sold 23,760 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total transaction of $748,677.60. Following the completion of the transaction, the executive vice president now directly owns 127,046 shares of the company’s stock, valued at $4,003,219.46. The disclosure for this sale can be found here. 3.75% of the stock is owned by company insiders.

Analysts Set New Price Targets

EXLS has been the subject of several analyst reports. TD Cowen increased their price objective on shares of ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research note on Friday, May 3rd. Citigroup decreased their price objective on shares of ExlService from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Wedbush upgraded shares of ExlService from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $34.00 to $40.00 in a research note on Wednesday. Finally, StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

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.