ExlService Holdings, Inc. (NASDAQ:EXLS – Get Free Report) 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
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.
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