New York State Teachers Retirement System Has $2.86 Million Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

New York State Teachers Retirement System boosted its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 51.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,473 shares of the business services provider's stock after purchasing an additional 20,636 shares during the quarter. New York State Teachers Retirement System's holdings in ExlService were worth $2,855,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Morse Asset Management Inc bought a new stake in ExlService in the 4th quarter valued at about $49,000. Johnson Financial Group Inc. purchased a new position in ExlService during the 4th quarter worth approximately $85,000. Fifth Third Bancorp boosted its position in ExlService by 35.2% during the 1st quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock worth $101,000 after acquiring an additional 555 shares during the period. Exchange Traded Concepts LLC acquired a new position in ExlService in the 1st quarter valued at approximately $102,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of ExlService during the 4th quarter valued at about $99,000. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Price Performance

Shares of NASDAQ EXLS traded up $0.34 during trading on Wednesday, reaching $45.43. The company had a trading volume of 1,587,633 shares, compared to its average volume of 1,241,749. 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 stock has a market cap of $7.39 billion, a PE ratio of 34.42, a PEG ratio of 2.07 and a beta of 0.80. The business's 50 day moving average price is $45.95 and its 200-day moving average price is $46.62. ExlService Holdings, Inc. has a 52 week low of $31.02 and a 52 week high of $52.43.

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

Insider Activity

In other news, 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 transaction, the insider directly owned 135,046 shares of the company's stock, valued at $6,226,971.06. This trade represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jaynie M. Studenmund sold 14,580 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $47.53, for a total value of $692,987.40. The disclosure for this sale can be found here. 4.04% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Needham & Company LLC restated a "buy" rating and issued a $55.00 target price on shares of ExlService in a research note on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. upped their price objective on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $51.50.

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.