Entropy Technologies LP Makes New $662,000 Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Key Points

• Entropy Technologies LP purchased 14,032 shares of ExlService Holdings, Inc. for approximately $662,000 during the 1st quarter.
• Analysts have a consensus rating of "Moderate Buy" for ExlService, with price targets ranging from $51.50 to $55.00.
• ExlService reported a 14.7% year-over-year revenue increase in its latest quarterly earnings, surpassing analyst expectations with $514.46 million in revenue.

Entropy Technologies LP bought a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,032 shares of the business services provider's stock, valued at approximately $662,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. acquired a new position in shares of ExlService in the first quarter worth about $45,000. Morse Asset Management Inc acquired a new stake in shares of ExlService during the fourth quarter worth approximately $49,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ExlService during the first quarter worth approximately $77,000. Johnson Financial Group Inc. bought a new position in ExlService during the fourth quarter valued at approximately $85,000. Finally, Fifth Third Bancorp raised its position in ExlService by 35.2% during the first quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock valued at $101,000 after acquiring an additional 555 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on EXLS. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price objective on shares of ExlService in a research report on Tuesday, June 3rd. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. One investment 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $51.50.

ExlService Stock Performance

EXLS stock traded down $0.50 on Friday, reaching $42.34. 967,108 shares of the company were exchanged, compared to its average volume of 1,817,377. ExlService Holdings, Inc. has a 12 month low of $35.00 and a 12 month high of $52.43. The stock's fifty day moving average price is $43.96 and its 200 day moving average price is $45.92. The firm has a market capitalization of $6.84 billion, a PE ratio of 29.40, a PEG ratio of 1.87 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The firm had revenue of $514.46 million for the quarter, compared to the consensus estimate of $504.87 million. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The business's revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 earnings per share. On average, research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.