ExlService Holdings, Inc. (NASDAQ:EXLS) Short Interest Update

ExlService Holdings, Inc. (NASDAQ:EXLS) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 3,830,000 shares, a drop of 13.3% from the October 15th total of 4,420,000 shares. Based on an average daily trading volume, of 888,000 shares, the short-interest ratio is presently 4.3 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EXLS shares. Robert W. Baird boosted 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. Citigroup boosted their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and lifted their target price for the company from $35.00 to $42.00 in a report on Monday, September 9th. JPMorgan Chase & Co. upped their price target on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Finally, StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.86.

Insiders Place Their Bets

In related news, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the sale, the chief executive officer now owns 689,645 shares in the company, valued at approximately $32,323,661.15. This trade represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Anita Mahon sold 25,670 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total value of $911,285.00. Following the completion of the transaction, the executive vice president now owns 68,857 shares of the company’s stock, valued at $2,444,423.50. This trade represents a 27.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 483,483 shares of company stock valued at $20,737,537. Corporate insiders own 4.16% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new stake in shares of ExlService in the 3rd quarter valued at about $27,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in ExlService by 164.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after buying an additional 574 shares during the last quarter. New Covenant Trust Company N.A. acquired a new position in shares of ExlService in the 1st quarter worth approximately $30,000. Huntington National Bank increased its holdings in shares of ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,131 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in shares of ExlService by 269.0% during the 1st quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 1,162 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

ExlService Stock Down 1.6 %

Shares of NASDAQ EXLS traded down $0.73 on Friday, hitting $44.69. The company had a trading volume of 571,795 shares, compared to its average volume of 953,469. The firm has a market capitalization of $7.19 billion, a P/E ratio of 39.20, a PEG ratio of 2.25 and a beta of 0.99. 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 has a 12-month low of $27.27 and a 12-month high of $47.32. The business has a 50 day moving average of $39.75 and a two-hundred day moving average of $34.90.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. As a group, equities research analysts forecast that ExlService will post 1.27 earnings per share 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.