ExlService Holdings, Inc. $EXLS Shares Bought by Versor Investments LP

Key Points

• Versor Investments LP increased its stake in ExlService Holdings, Inc. by 88.6%, owning 19,800 shares valued at approximately $935,000 at the end of the quarter.
• Analysts have set a target price for ExlService, with Needham & Company issuing a $55.00 price target and JPMorgan raising their target to $53.00, indicating strong investor confidence.
• ExlService reported earnings per share (EPS) of $0.49 for the last quarter, exceeding expectations, with a revenue increase of 14.7% year-over-year.

Versor Investments LP increased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 88.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,800 shares of the business services provider's stock after acquiring an additional 9,300 shares during the quarter. Versor Investments LP's holdings in ExlService were worth $935,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EXLS. Guggenheim Capital LLC acquired a new position in shares of ExlService in the 4th quarter worth $627,000. Jump Financial LLC acquired a new stake in shares of ExlService in the fourth quarter worth $793,000. First Trust Advisors LP boosted its position in shares of ExlService by 49.8% in the fourth quarter. First Trust Advisors LP now owns 173,239 shares of the business services provider's stock worth $7,688,000 after buying an additional 57,575 shares during the period. MetLife Investment Management LLC boosted its position in shares of ExlService by 7.3% in the fourth quarter. MetLife Investment Management LLC now owns 182,548 shares of the business services provider's stock worth $8,101,000 after buying an additional 12,454 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of ExlService by 38.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,141 shares of the business services provider's stock worth $539,000 after buying an additional 3,357 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on EXLS shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 target price on shares of ExlService in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. raised their target price on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Wall Street Zen raised 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $51.50.

ExlService Price Performance

EXLS opened at $43.18 on Tuesday. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 1.87 and a beta of 0.81. ExlService Holdings, Inc. has a 1 year low of $35.06 and a 1 year high of $52.43. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average price of $43.88 and a 200 day moving average price of $45.83.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The firm had revenue of $514.46 million during the quarter, compared to analysts' expectations of $504.87 million. ExlService had a return on equity of 25.38% and a net margin of 12.00%. The business's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. Analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.

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