ExlService Holdings, Inc. (NASDAQ:EXLS) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 457,700 shares, a decrease of 7.0% from the June 30th total of 491,900 shares. Based on an average daily volume of 119,000 shares, the days-to-cover ratio is presently 3.8 days. Currently, 1.4% of the company’s stock are short sold.
In other news, SVP Ajay Ayyappan sold 1,892 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $63.50, for a total transaction of $120,142.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Vikas Bhalla sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $66.35, for a total transaction of $663,500.00. Following the transaction, the executive vice president now directly owns 920 shares of the company’s stock, valued at $61,042. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of EXLS. Nuveen Asset Management LLC purchased a new position in shares of ExlService during the 2nd quarter valued at $16,913,000. Regis Management CO LLC bought a new position in ExlService in the 2nd quarter worth about $721,000. UBS Asset Management Americas Inc. increased its stake in ExlService by 21.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 29,146 shares of the business services provider’s stock worth $1,927,000 after acquiring an additional 5,144 shares during the last quarter. Citadel Advisors LLC increased its stake in ExlService by 183.3% in the 2nd quarter. Citadel Advisors LLC now owns 3,332 shares of the business services provider’s stock worth $221,000 after acquiring an additional 7,332 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in ExlService by 9.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 19,193 shares of the business services provider’s stock worth $1,269,000 after acquiring an additional 1,734 shares during the last quarter. Institutional investors own 92.45% of the company’s stock.
ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $243.50 million for the quarter, compared to analysts’ expectations of $241.67 million. ExlService had a return on equity of 13.60% and a net margin of 4.89%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS. On average, equities research analysts predict that ExlService will post 2.31 earnings per share for the current year.
Several brokerages have recently weighed in on EXLS. ValuEngine cut shares of ExlService from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Zacks Investment Research downgraded ExlService from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Barrington Research reissued an “outperform” rating and issued a $79.00 price objective (up previously from $70.00) on shares of ExlService in a report on Wednesday, July 31st. Cantor Fitzgerald reissued a “buy” rating and issued a $71.00 price objective on shares of ExlService in a report on Monday, May 6th. Finally, BidaskClub raised ExlService from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $69.80.
ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.
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