Short Interest in ExlService Holdings, Inc. (NASDAQ:EXLS) Expands By 5.2%

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

Insider Activity at ExlService

In other news, Director Jaynie M. Studenmund sold 3,645 shares of ExlService stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the completion of the transaction, the director now owns 14,580 shares in the company, valued at approximately $642,249. The trade was a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $41.45, for a total value of $4,145,000.00. Following the sale, the chief executive officer now owns 1,290,240 shares in the company, valued at approximately $53,480,448. This trade represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 426,458 shares of company stock valued at $18,720,514 in the last 90 days. 4.16% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ExlService

Several large investors have recently modified their holdings of the business. Franklin Resources Inc. increased its stake in ExlService by 4.2% during the 3rd quarter. Franklin Resources Inc. now owns 99,057 shares of the business services provider’s stock worth $3,953,000 after purchasing an additional 4,029 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of ExlService in the third quarter valued at approximately $216,000. Sanctuary Advisors LLC raised its holdings in shares of ExlService by 5.4% during the third quarter. Sanctuary Advisors LLC now owns 10,744 shares of the business services provider’s stock worth $410,000 after acquiring an additional 547 shares during the period. Geode Capital Management LLC lifted its position in ExlService by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock valued at $165,083,000 after acquiring an additional 149,856 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in ExlService in the 3rd quarter worth $204,000. 92.92% of the stock is currently owned by institutional investors.

ExlService Trading Down 1.1 %

Shares of EXLS stock traded down $0.51 on Tuesday, reaching $45.59. The company had a trading volume of 672,518 shares, compared to its average volume of 930,442. The stock has a market cap of $7.33 billion, a PE ratio of 40.00, a PEG ratio of 2.26 and a beta of 1.01. The company has a 50-day moving average of $43.48 and a 200-day moving average of $37.27. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService has a 12 month low of $28.16 and a 12 month high of $47.37.

ExlService (NASDAQ:EXLS) last posted 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. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. During the same period last year, the business posted $0.30 earnings per share. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities analysts forecast that ExlService will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EXLS shares. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $42.00 in a report on Monday, September 9th. JPMorgan Chase & Co. raised their price target on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Needham & Company LLC upped their price objective on ExlService from $40.00 to $50.00 and gave the stock 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 company a “buy” rating in a research note on Monday, October 14th. Finally, Robert W. Baird increased 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.86.

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.