VisionPoint Advisory Group LLC Takes $58,000 Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

VisionPoint Advisory Group LLC purchased a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,301 shares of the business services provider’s stock, valued at approximately $58,000.

Several other hedge funds have also made changes to their positions in the company. State Street Corp grew its stake in shares of ExlService by 1.0% in the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after buying an additional 59,196 shares during the period. Geneva Capital Management LLC grew its stake in shares of ExlService by 1.9% in the 3rd quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock valued at $179,092,000 after buying an additional 87,592 shares during the period. Geode Capital Management LLC grew its stake in shares of ExlService by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock valued at $165,083,000 after buying an additional 149,856 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of ExlService by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,747,332 shares of the business services provider’s stock valued at $104,810,000 after buying an additional 21,358 shares during the period. Finally, Handelsbanken Fonder AB grew its stake 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 valued at $97,400,000 after buying an additional 1,664,400 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Insider Buying and Selling at ExlService

In other news, EVP Ajay Ayyappan sold 4,989 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total value of $252,942.30. Following the sale, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $2,077,990.20. This trade represents a 10.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction on 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 owns 194,440 shares in the company, valued at $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,928 shares of company stock valued at $1,762,344 in the last 90 days. Company insiders own 4.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EXLS shares. Robert W. Baird increased 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. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Jefferies Financial Group increased their price objective 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. Finally, Needham & Company LLC increased their price objective on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.00.

ExlService Stock Performance

Shares of EXLS 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. ExlService Holdings, Inc. has a 52 week low of $28.16 and a 52 week high of $52.43. The stock has a market capitalization of $7.72 billion, a PE ratio of 42.11, a P/E/G ratio of 2.17 and a beta of 1.03. The firm has a 50 day moving average of $47.79 and a two-hundred day moving average of $42.70.

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.