New York State Common Retirement Fund Reduces Holdings in ExlService Holdings, Inc. $EXLS

New York State Common Retirement Fund reduced its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 49.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 164,233 shares of the business services provider's stock after selling 162,869 shares during the quarter. New York State Common Retirement Fund owned about 0.10% of ExlService worth $7,192,000 at the end of the most recent reporting period.Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd raised its position in shares of ExlService by 25.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider's stock valued at $85,000 after buying an additional 369 shares during the last quarter. Huntington National Bank raised its holdings in ExlService by 14.4% in the 2nd quarter. Huntington National Bank now owns 1,953 shares of the business services provider's stock valued at $86,000 after acquiring an additional 246 shares during the last quarter. Blue Trust Inc. raised its holdings in ExlService by 6.9% in the 2nd quarter. Blue Trust Inc. now owns 3,914 shares of the business services provider's stock valued at $171,000 after acquiring an additional 254 shares during the last quarter. Rafferty Asset Management LLC purchased a new position in ExlService in the 1st quarter worth approximately $237,000. Finally, Bayforest Capital Ltd boosted its holdings in shares of ExlService by 227.9% during the 1st quarter. Bayforest Capital Ltd now owns 5,197 shares of the business services provider's stock worth $245,000 after purchasing an additional 3,612 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock. Insiders Place Their BetsIn other ExlService news, insider Vikas Bhalla sold 11,774 shares of ExlService stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total transaction of $470,842.26. Following the completion of the sale, the insider directly owned 115,272 shares in the company, valued at $4,609,727.28. This trade represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.04% of the stock is currently owned by company insiders. ExlService Price PerformanceEXLS stock opened at $40.72 on Friday. ExlService Holdings, Inc. has a 52-week low of $37.30 and a 52-week high of $52.43. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.43. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 1.91 and a beta of 0.91. The business has a fifty day moving average of $40.53 and a two-hundred day moving average of $42.91. ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. The business had revenue of $529.59 million during the quarter, compared to analysts' expectations of $522.35 million. ExlService had a return on equity of 25.60% and a net margin of 11.91%.The company's revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. As a group, research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year. Analyst Upgrades and DowngradesEXLS has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on ExlService from $56.00 to $52.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Weiss Ratings downgraded ExlService from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Saturday, October 25th. Finally, Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a research report on Saturday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, ExlService has a consensus rating of "Moderate Buy" and a consensus price target of $54.50.View Our Latest Research Report on ExlServiceExlService Profile (Free Report)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.Featured ArticlesFive stocks we like better than ExlServiceTransportation Stocks InvestingRocket Lab’s Big Rebound? Analysts Suggest the Dip's a GiftWhat is the FTSE 100 index? Meta’s AI Moment? New SAM 3 Model Has Wall Street Turning BullishDo ETFs Pay Dividends? What You Need to KnowSnowflake Stock: The Dip That Smart Investors Are Buying Right NowWant to see what other hedge funds are holding EXLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in ExlService Right Now?Before you consider ExlService, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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