ExlService Holdings, Inc. (NASDAQ:EXLS) Sees Significant Growth in Short Interest

Key Points

• ExlService Holdings, Inc. experienced a significant increase in short interest, rising by 60.7% to a total of 8,340,000 shares as of August 15th.
• The company's latest earnings report showed an EPS of $0.49, surpassing expectations, and revenue of $514.46 million, up 14.7% year-over-year.
• Analysts have rated ExlService with an average rating of "Moderate Buy" and set a consensus price target of $51.33.

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totaling 8,340,000 shares, agrowthof60.7% from the July 31st total of 5,190,000 shares. Based on an average trading volume of 2,170,000 shares, the days-to-cover ratio is currently 3.8 days. Based on an average trading volume of 2,170,000 shares, the days-to-cover ratio is currently 3.8 days.

ExlService Price Performance

ExlService stock opened at $44.98 on Friday. ExlService has a 12-month low of $35.16 and a 12-month high of $52.43. The stock has a market capitalization of $7.26 billion, a P/E ratio of 31.24, a P/E/G ratio of 1.95 and a beta of 0.84. The firm's 50-day moving average is $43.33 and its two-hundred day moving average is $45.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The company had revenue of $514.46 million for the quarter, compared to analysts' expectations of $504.87 million. During the same period last year, the company earned $0.40 EPS. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Equities analysts predict that ExlService will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

EXLS has been the subject of several recent research reports. Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Needham & Company LLC restated a "buy" rating and set a $55.00 target price on shares of ExlService in a report on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of ExlService from $56.00 to $52.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $51.33.

Institutional Investors Weigh In On ExlService

Several hedge funds have recently modified their holdings of EXLS. Invesco Ltd. boosted its position in shares of ExlService by 193.6% in the second quarter. Invesco Ltd. now owns 4,645,745 shares of the business services provider's stock worth $203,437,000 after acquiring an additional 3,063,510 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of ExlService by 40.8% in the first quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider's stock worth $316,540,000 after acquiring an additional 1,943,471 shares during the last quarter. Nuveen LLC acquired a new stake in shares of ExlService in the first quarter worth approximately $91,114,000. Schroder Investment Management Group acquired a new stake in shares of ExlService in the second quarter worth approximately $60,415,000. Finally, Driehaus Capital Management LLC acquired a new stake in shares of ExlService in the first quarter worth approximately $57,681,000. 92.92% of the stock is owned by institutional investors and hedge funds.

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.

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