New York State Teachers Retirement System Grows Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

New York State Teachers Retirement System boosted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 39,837 shares of the business services provider’s stock after purchasing an additional 830 shares during the quarter. New York State Teachers Retirement System’s holdings in ExlService were worth $1,768,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. State Street Corp lifted its stake in ExlService by 1.0% during 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 acquiring an additional 59,196 shares during the period. Geneva Capital Management LLC lifted 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 worth $179,092,000 after purchasing an additional 87,592 shares during the period. Geode Capital Management LLC lifted 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 worth $165,083,000 after purchasing an additional 149,856 shares during the period. Thrivent Financial for Lutherans lifted 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 worth $104,810,000 after purchasing an additional 21,358 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of ExlService by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider’s stock worth $82,448,000 after purchasing an additional 9,775 shares during the period. Institutional investors own 92.92% 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. ExlService Holdings, Inc. has a 52 week low of $28.16 and a 52 week high of $52.43. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 42.11, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. The stock has a 50-day moving average price of $47.79 and a 200 day moving average price of $42.76.

Analysts Set New Price Targets

A number of brokerages have issued reports on EXLS. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a 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 company a “buy” rating in a report on Tuesday, January 21st. Robert W. Baird raised their target price on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC raised their target price on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Insider Buying and Selling at ExlService

In other news, EVP Ajay Ayyappan sold 4,989 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $50.70, for a total transaction of $252,942.30. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at $2,077,990.20. This represents a 10.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the business’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 value of $675,822.42. Following the sale, the chief financial officer now owns 194,440 shares of the company’s stock, 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. Over the last ninety days, insiders sold 34,928 shares of company stock valued at $1,762,344. 4.16% of the stock is owned by company insiders.

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.