ExlService Holdings, Inc. (NASDAQ:EXLS) Short Interest Up 5.2% in November

ExlService Holdings, Inc. (NASDAQ:EXLS) was the recipient of a significant 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 trading volume of 875,600 shares, the days-to-cover ratio is currently 4.4 days.

Insider Activity

In related news, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $42.07, for a total value of $4,207,000.00. Following the completion of the sale, the chief executive officer now owns 1,190,240 shares of the company’s stock, valued at approximately $50,073,396.80. This trade represents a 7.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Vikas Bhalla sold 22,813 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the transaction, the insider now directly owns 102,825 shares of the company’s stock, valued at $4,304,254.50. The trade was a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 426,458 shares of company stock worth $18,720,514 over the last quarter. 4.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ExlService

Several hedge funds and other institutional investors have recently modified their holdings of EXLS. SG Americas Securities LLC increased its position in shares of ExlService by 780.7% during the 2nd quarter. SG Americas Securities LLC now owns 31,318 shares of the business services provider’s stock worth $982,000 after purchasing an additional 27,762 shares during the last quarter. Blue Trust Inc. lifted its stake in ExlService by 59.0% in the second quarter. Blue Trust Inc. now owns 4,147 shares of the business services provider’s stock valued at $132,000 after buying an additional 1,539 shares during the last quarter. Raymond James & Associates grew its position in ExlService by 16.7% during the 2nd quarter. Raymond James & Associates now owns 520,232 shares of the business services provider’s stock worth $16,314,000 after purchasing an additional 74,419 shares during the last quarter. Dakota Wealth Management acquired a new position in ExlService in the 2nd quarter valued at about $201,000. Finally, Bank of New York Mellon Corp raised its stake in shares of ExlService by 7.2% during the second quarter. Bank of New York Mellon Corp now owns 1,641,949 shares of the business services provider’s stock worth $51,492,000 after purchasing an additional 110,526 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Stock Down 1.1 %

Shares of EXLS traded down $0.51 during mid-day trading on Tuesday, hitting $45.59. 672,518 shares of the company traded hands, compared to its average volume of 930,442. 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 1-year low of $28.16 and a 1-year high of $47.37. The company has a market capitalization of $7.33 billion, a PE ratio of 40.00, a price-to-earnings-growth ratio of 2.26 and a beta of 1.01. The business has a 50 day moving average of $43.48 and a 200 day moving average of $37.27.

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

Analyst Upgrades and Downgrades

EXLS has been the subject of several recent research reports. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Citigroup upped their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. JPMorgan Chase & Co. lifted their price target on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Robert W. Baird raised their price target on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and increased their target price 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.