VisionPoint Advisory Group LLC Takes Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

VisionPoint Advisory Group LLC acquired a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) during the fourth quarter, Holdings Channel.com reports. The firm acquired 1,301 shares of the business services provider’s stock, valued at approximately $58,000.

A number of other hedge funds and other institutional investors have also modified their holdings of EXLS. Mather Group LLC. acquired a new stake in ExlService during the 4th quarter worth $25,000. Kestra Investment Management LLC acquired a new stake in ExlService during the 4th quarter worth $26,000. Ashton Thomas Securities LLC acquired a new stake in ExlService during the 3rd quarter worth $27,000. Huntington National Bank raised its stake in ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after acquiring an additional 1,131 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in ExlService during the 4th quarter worth $58,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXLS has been the topic of several research analyst reports. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Needham & Company LLC lifted their price target on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group lifted their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, Robert W. Baird raised their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

ExlService Trading Down 4.8 %

Shares of ExlService stock opened at $48.00 on Friday. 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 quick ratio of 3.02 and a current ratio of 3.02. The company has a market capitalization of $7.72 billion, a P/E ratio of 42.11, a PEG ratio of 2.17 and a beta of 1.03. The company’s fifty day moving average is $47.79 and its two-hundred day moving average is $42.70.

Insiders Place Their Bets

In other news, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the sale, the executive vice president now owns 40,986 shares of the company’s stock, valued at $2,110,779. The trade was a 28.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction dated Monday, January 27th. The shares were 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 in the company, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,928 shares of company stock valued at $1,762,344. Insiders own 4.16% of the company’s stock.

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.