ExlService Holdings, Inc. (NASDAQ:EXLS) Sees Significant Increase in Short Interest

ExlService Holdings, Inc. (NASDAQ:EXLS) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 3,850,000 shares, a growth of 5.2% from the November 15th total of 3,660,000 shares. Based on an average daily volume of 875,600 shares, the days-to-cover ratio is currently 4.4 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EXLS shares. Robert W. Baird lifted their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Needham & Company LLC lifted their target price on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Citigroup upped their price target on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $42.00 in a research note on Monday, September 9th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.86.

ExlService Stock Down 0.7 %

ExlService stock opened at $45.93 on Monday. The stock’s fifty day moving average is $43.33 and its two-hundred day moving average is $37.16. The stock has a market cap of $7.39 billion, a PE ratio of 40.29, a P/E/G ratio of 2.26 and a beta of 1.01. ExlService has a 1-year low of $28.16 and a 1-year high of $47.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. On average, sell-side analysts expect that ExlService will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling at ExlService

In related news, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the completion of the sale, the chief executive officer now directly owns 689,645 shares of the company’s stock, valued at approximately $32,323,661.15. This trade represents a 12.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the transaction, the director now directly owns 14,580 shares in the company, valued at $642,249. The trade was a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 426,458 shares of company stock worth $18,720,514 in the last ninety days. 4.16% of the stock is owned by insiders.

Hedge Funds Weigh In On ExlService

Several large investors have recently bought and sold shares of the stock. Chartwell Investment Partners LLC grew its position in shares of ExlService by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock worth $1,196,000 after acquiring an additional 254 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its stake in ExlService by 1.1% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock worth $944,000 after purchasing an additional 261 shares during the period. Mercer Global Advisors Inc. ADV grew its position in ExlService by 3.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock worth $279,000 after purchasing an additional 291 shares during the last quarter. V Square Quantitative Management LLC increased its stake in ExlService by 5.0% in the third quarter. V Square Quantitative Management LLC now owns 7,482 shares of the business services provider’s stock valued at $285,000 after purchasing an additional 359 shares during the period. Finally, Quantinno Capital Management LP increased its stake in ExlService by 2.3% in the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider’s stock valued at $597,000 after purchasing an additional 359 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

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.