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

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) was the recipient of a large growth in short interest in 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 trading volume, of 875,600 shares, the days-to-cover ratio is presently 4.4 days.

ExlService Stock Performance

EXLS stock traded up $0.17 on Monday, hitting $46.10. The company's stock had a trading volume of 633,162 shares, compared to its average volume of 931,507. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 40.38, a price-to-earnings-growth ratio of 2.26 and a beta of 1.01. The firm has a 50 day moving average of $43.33 and a two-hundred day moving average of $37.16. 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 1 year low of $28.16 and a 1 year high of $47.37.

ExlService (NASDAQ:EXLS - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business's quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Equities analysts predict that ExlService will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EXLS has been the topic of a number of analyst reports. Needham & Company LLC raised their price target on ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Citigroup boosted their target price on ExlService from $38.00 to $46.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. Robert W. Baird raised their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their target price 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. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $42.86.

Insider Activity at ExlService

In other news, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 1,190,240 shares in the company, valued at approximately $50,073,396.80. This trade represents a 7.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of the business's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total value of $160,562.25. Following the transaction, the director now directly owns 14,580 shares of the company's stock, valued at $642,249. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 426,458 shares of company stock worth $18,720,514. 4.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ExlService

Large investors have recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of ExlService in the 3rd quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. raised its position in ExlService by 164.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider's stock worth $29,000 after acquiring an additional 574 shares in the last quarter. Huntington National Bank lifted its holdings in ExlService by 2,827.5% in the third 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 period. UMB Bank n.a. boosted its position in shares of ExlService by 29.7% during the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider's stock worth $62,000 after purchasing an additional 375 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of ExlService by 32.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider's stock worth $89,000 after purchasing an additional 576 shares during the period. Hedge funds and other institutional investors 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.