New York State Common Retirement Fund Purchases 15,689 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

New York State Common Retirement Fund increased its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 327,102 shares of the business services provider's stock after buying an additional 15,689 shares during the period. New York State Common Retirement Fund owned 0.20% of ExlService worth $15,442,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in ExlService by 48.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 147,081 shares of the business services provider's stock worth $7,028,000 after acquiring an additional 48,056 shares during the last quarter. QRG Capital Management Inc. boosted its position in ExlService by 3.7% during the 1st quarter. QRG Capital Management Inc. now owns 15,713 shares of the business services provider's stock worth $742,000 after acquiring an additional 559 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in ExlService by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider's stock worth $713,000 after acquiring an additional 286 shares during the last quarter. GAMMA Investing LLC boosted its position in ExlService by 20.6% during the 1st quarter. GAMMA Investing LLC now owns 3,510 shares of the business services provider's stock worth $166,000 after acquiring an additional 599 shares during the last quarter. Finally, KBC Group NV boosted its position in ExlService by 13.4% during the 1st quarter. KBC Group NV now owns 7,466 shares of the business services provider's stock worth $352,000 after acquiring an additional 883 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Stock Performance

NASDAQ:EXLS traded up $0.05 during mid-day trading on Friday, reaching $42.54. 1,587,209 shares of the company's stock were exchanged, compared to its average volume of 1,283,483. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.41 and a current ratio of 3.41. The firm has a market capitalization of $6.92 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 1.94 and a beta of 0.80. ExlService Holdings, Inc. has a one year low of $31.87 and a one year high of $52.43. The business's fifty day simple moving average is $45.46 and its two-hundred day simple moving average is $46.55.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The firm had revenue of $501.02 million for the quarter, compared to the consensus estimate of $489.66 million. ExlService had a net margin of 11.36% and a return on equity of 25.11%. The business's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. Analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EXLS. Needham & Company LLC reissued a "buy" rating and issued a $55.00 price objective on shares of ExlService in a report on Tuesday, June 3rd. JPMorgan Chase & Co. increased their price objective on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.50.

Insider Buying and Selling

In other news, Director Jaynie M. Studenmund sold 14,580 shares of ExlService stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $47.53, for a total value of $692,987.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the completion of the sale, the insider directly owned 135,046 shares of the company's stock, valued at approximately $6,226,971.06. The trade was a 15.62% decrease in their position. The disclosure for this sale can be found here. 4.04% of the stock is owned by company insiders.

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.