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

ExlService Holdings, Inc. (NASDAQ:EXLSGet Rating) saw a significant growth in short interest in December. As of December 30th, there was short interest totalling 759,700 shares, a growth of 5.0% from the December 15th total of 723,300 shares. Based on an average daily volume of 218,800 shares, the days-to-cover ratio is currently 3.5 days. Approximately 2.4% of the shares of the stock are short sold.

Insiders Place Their Bets

In other ExlService news, Director Clyde W. Ostler sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $183.08, for a total transaction of $549,240.00. Following the completion of the transaction, the director now owns 19,261 shares of the company’s stock, valued at $3,526,303.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other ExlService news, EVP Nalin Kumar Miglani sold 2,750 shares of the firm’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $173.69, for a total transaction of $477,647.50. Following the completion of the sale, the executive vice president now owns 4,294 shares of the company’s stock, valued at $745,824.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Clyde W. Ostler sold 3,000 shares of the firm’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $183.08, for a total value of $549,240.00. Following the sale, the director now directly owns 19,261 shares of the company’s stock, valued at approximately $3,526,303.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,035 shares of company stock worth $1,806,792. 3.51% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ExlService

Several institutional investors have recently added to or reduced their stakes in EXLS. FMR LLC increased its position in ExlService by 23.8% in the 2nd quarter. FMR LLC now owns 3,513,418 shares of the business services provider’s stock valued at $517,631,000 after acquiring an additional 674,982 shares during the period. Principal Financial Group Inc. lifted its stake in ExlService by 42.6% in the 2nd quarter. Principal Financial Group Inc. now owns 645,851 shares of the business services provider’s stock valued at $95,153,000 after buying an additional 192,980 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in ExlService by 5,059.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 178,303 shares of the business services provider’s stock valued at $26,274,000 after acquiring an additional 174,847 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in ExlService in the 2nd quarter valued at $25,227,000. Finally, Invesco Ltd. raised its holdings in ExlService by 49.7% in the 1st quarter. Invesco Ltd. now owns 466,371 shares of the business services provider’s stock valued at $66,817,000 after acquiring an additional 154,763 shares during the last quarter. Institutional investors and hedge funds own 95.84% of the company’s stock.

ExlService Stock Up 0.2 %

EXLS opened at $172.21 on Wednesday. The business’s 50-day simple moving average is $175.61 and its 200-day simple moving average is $169.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.02 and a current ratio of 2.02. ExlService has a one year low of $112.14 and a one year high of $191.18. The stock has a market capitalization of $5.69 billion, a P/E ratio of 41.80, a price-to-earnings-growth ratio of 1.88 and a beta of 1.02.

ExlService (NASDAQ:EXLSGet Rating) last posted its earnings results on Thursday, October 27th. The business services provider reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.13. The business had revenue of $361.35 million for the quarter, compared to analysts’ expectations of $345.71 million. ExlService had a return on equity of 22.52% and a net margin of 10.46%. Analysts anticipate that ExlService will post 4.84 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EXLS. Citigroup raised their target price on ExlService from $140.00 to $145.00 in a research note on Friday, October 28th. JPMorgan Chase & Co. raised their price target on ExlService from $190.00 to $195.00 in a research report on Thursday, December 15th. StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a research report on Friday, January 20th. Cowen lifted their target price on ExlService to $175.00 in a report on Tuesday, November 1st. Finally, Needham & Company LLC lifted their target price on ExlService from $190.00 to $200.00 and gave the company a “buy” rating in a report on Friday, October 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $167.71.

ExlService Company Profile

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ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services across the insurance industry in areas, 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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