Short Interest in ExlService Holdings, Inc. (NASDAQ:EXLS) Increases By 10.2%

ExlService Holdings, Inc. (NASDAQ:EXLS) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 3,770,000 shares, a growth of 10.2% from the October 15th total of 3,420,000 shares. Based on an average daily trading volume, of 1,100,000 shares, the short-interest ratio is presently 3.4 days.

ExlService Trading Down 0.1 %

Shares of EXLS opened at $27.63 on Thursday. ExlService has a 1-year low of $25.17 and a 1-year high of $37.90. The firm has a 50 day simple moving average of $27.86 and a 200-day simple moving average of $30.12. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 1.52 and a beta of 0.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.13 and a quick ratio of 2.13.

Insider Transactions at ExlService

In other news, EVP Vikas Bhalla sold 25,995 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $28.23, for a total transaction of $733,838.85. Following the completion of the sale, the executive vice president now owns 75,730 shares in the company, valued at $2,137,857.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.75% of the company’s stock.

Institutional Trading of ExlService

Hedge funds have recently bought and sold shares of the company. FinTrust Capital Advisors LLC acquired a new position in shares of ExlService in the 3rd quarter valued at $29,000. Signaturefd LLC boosted its holdings in shares of ExlService by 38.8% in the 1st quarter. Signaturefd LLC now owns 236 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 66 shares during the last quarter. Operose Advisors LLC acquired a new position in shares of ExlService during the 3rd quarter valued at $38,000. Fifth Third Bancorp lifted its holdings in shares of ExlService by 944.3% during the 3rd quarter. Fifth Third Bancorp now owns 1,556 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 1,407 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of ExlService by 452.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,591 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,303 shares in the last quarter. Institutional investors and hedge funds own 18.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of ExlService from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, August 22nd. Citigroup cut their price target on shares of ExlService from $32.40 to $32.00 and set a “neutral” rating for the company in a report on Monday, October 16th. Jefferies Financial Group began coverage on shares of ExlService in a report on Tuesday, September 19th. They set a “hold” rating and a $33.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of ExlService in a report on Friday, July 28th. Finally, StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.67.

ExlService Company Profile

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, 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.