Navellier & Associates Inc. Invests $5.02 Million in ExlService Holdings, Inc. (NASDAQ:EXLS)

Navellier & Associates Inc. purchased a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 113,037 shares of the business services provider’s stock, valued at approximately $5,017,000.

A number of other large investors also recently modified their holdings of EXLS. Handelsbanken Fonder AB lifted its position in shares of ExlService by 313.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock worth $97,400,000 after buying an additional 1,664,400 shares during the last quarter. Fiera Capital Corp lifted its position in shares of ExlService by 497.8% in the 3rd quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider’s stock worth $30,549,000 after buying an additional 666,805 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in shares of ExlService in the 3rd quarter worth about $17,198,000. Barclays PLC lifted its position in shares of ExlService by 62.6% in the 3rd quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock worth $17,040,000 after buying an additional 171,912 shares during the last quarter. Finally, Castleark Management LLC bought a new position in shares of ExlService in the 3rd quarter worth about $6,045,000. 92.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 16,186 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the sale, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at approximately $2,110,779. This represents a 28.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction that occurred on 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 directly owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 34,928 shares of company stock valued at $1,762,344. Company insiders own 4.16% of the company’s stock.

ExlService Trading Down 4.8 %

ExlService stock opened at $48.00 on Friday. 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 has a 50-day moving average price of $47.79 and a two-hundred day moving average price of $42.70. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 42.11, a PEG ratio of 2.17 and a beta of 1.03. ExlService Holdings, Inc. has a 52-week low of $28.16 and a 52-week high of $52.43.

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.