ExlService Holdings, Inc. (EXLS) Short Interest Update
ExlService Holdings, Inc. (NASDAQ:EXLS) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 376,272 shares, a decline of 41.3% from the August 15th total of 640,523 shares. Based on an average trading volume of 125,197 shares, the days-to-cover ratio is presently 3.0 days. Currently, 1.2% of the company’s shares are sold short.
In other ExlService Holdings news, CFO Vishal Chhibbar sold 1,234 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $55.80, for a total value of $68,857.20. Following the transaction, the chief financial officer now owns 7,119 shares in the company, valued at $397,240.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Villa Rembert De sold 900 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $56.01, for a total transaction of $50,409.00. Following the completion of the transaction, the executive vice president now owns 10,697 shares in the company, valued at approximately $599,138.97. The disclosure for this sale can be found here. Insiders sold 52,134 shares of company stock worth $2,869,900 in the last 90 days. Corporate insiders own 5.80% of the company’s stock.
A number of hedge funds have recently bought and sold shares of EXLS. BlackRock Inc. increased its stake in ExlService Holdings by 145,337.4% in the 1st quarter. BlackRock Inc. now owns 3,986,440 shares of the business services provider’s stock worth $188,797,000 after buying an additional 3,983,699 shares during the period. FMR LLC increased its stake in ExlService Holdings by 16.8% in the 2nd quarter. FMR LLC now owns 3,887,355 shares of the business services provider’s stock worth $216,060,000 after buying an additional 557,892 shares during the period. Mackenzie Financial Corp increased its stake in ExlService Holdings by 49.7% in the 1st quarter. Mackenzie Financial Corp now owns 1,022,878 shares of the business services provider’s stock worth $48,444,000 after buying an additional 339,521 shares during the period. Neumeier Poma Investment Counsel LLC purchased a new position in ExlService Holdings in the 2nd quarter worth about $11,108,000. Finally, Macquarie Group Ltd. increased its stake in ExlService Holdings by 30.5% in the 2nd quarter. Macquarie Group Ltd. now owns 841,679 shares of the business services provider’s stock worth $46,781,000 after buying an additional 196,843 shares during the period. 94.89% of the stock is currently owned by institutional investors.
A number of equities analysts have issued reports on the stock. Stifel Nicolaus restated a “buy” rating and issued a $67.00 price objective (up previously from $60.00) on shares of ExlService Holdings in a research report on Sunday, July 30th. Zacks Investment Research upgraded shares of ExlService Holdings from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective on the stock in a research report on Tuesday, August 1st. Wedbush restated a “neutral” rating and issued a $63.00 price objective on shares of ExlService Holdings in a research report on Wednesday, August 9th. Barrington Research set a $65.00 price objective on shares of ExlService Holdings and gave the company an “outperform” rating in a research report on Friday, July 28th. Finally, Needham & Company LLC boosted their price objective on shares of ExlService Holdings from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $60.00.
Shares of ExlService Holdings (EXLS) opened at 55.98 on Friday. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 28.40 and a beta of 1.30. ExlService Holdings has a 52 week low of $42.00 and a 52 week high of $59.84. The stock’s 50 day moving average is $56.16 and its 200-day moving average is $51.72.
ExlService Holdings (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.24. The company had revenue of $189.10 million for the quarter, compared to the consensus estimate of $185.65 million. ExlService Holdings had a net margin of 9.53% and a return on equity of 14.34%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 EPS. On average, equities analysts anticipate that ExlService Holdings will post $2.61 earnings per share for the current year.
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About ExlService Holdings
ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.
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