ExlService Holdings Inc. (NASDAQ:EXLS) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 382,876 shares, a decrease of 29.6% from the October 14th total of 543,492 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 182,598 shares, the days-to-cover ratio is currently 2.1 days.

In related news, CEO Rohit Kapoor sold 1,061 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $50.51, for a total value of $53,591.11. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Vikas Bhalla sold 4,062 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $52.50, for a total value of $213,255.00. Following the completion of the sale, the executive vice president now directly owns 2 shares in the company, valued at approximately $105. The disclosure for this sale can be found here. 5.94% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. 1st Global Advisors Inc. bought a new position in ExlService Holdings during the second quarter worth approximately $212,000. Copper Rock Capital Partners LLC boosted its stake in shares of ExlService Holdings by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 563,149 shares of the company’s stock worth $29,515,000 after buying an additional 8,732 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its stake in shares of ExlService Holdings by 58.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 10,495 shares of the company’s stock worth $550,000 after buying an additional 3,860 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of ExlService Holdings by 11.3% in the second quarter. Capstone Asset Management Co. now owns 13,153 shares of the company’s stock worth $689,000 after buying an additional 1,340 shares during the last quarter. Finally, Cue Financial Group Inc. acquired a new stake in shares of ExlService Holdings during the second quarter worth $486,000. Institutional investors and hedge funds own 97.05% of the company’s stock.

A number of equities research analysts recently issued reports on EXLS shares. Barrington Research reaffirmed an “outperform” rating and issued a $55.00 target price on shares of ExlService Holdings in a research note on Friday, October 14th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $56.00 target price on shares of ExlService Holdings in a research note on Wednesday, September 7th. Zacks Investment Research lowered ExlService Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st. Finally, Citigroup Inc. cut their price target on ExlService Holdings from $58.00 to $57.00 and set a “buy” rating for the company in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $51.33.

Shares of ExlService Holdings (NASDAQ:EXLS) opened at 46.63 on Friday. The firm has a market capitalization of $1.56 billion, a P/E ratio of 26.34 and a beta of 1.63. The stock’s 50 day moving average price is $46.82 and its 200-day moving average price is $49.70. ExlService Holdings has a 12-month low of $40.80 and a 12-month high of $54.78.

ExlService Holdings (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.02. ExlService Holdings had a net margin of 9.04% and a return on equity of 13.57%. The business had revenue of $171.20 million for the quarter, compared to analyst estimates of $177.37 million. During the same quarter last year, the business earned $0.58 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts expect that ExlService Holdings will post $2.33 EPS for the current year.

About ExlService Holdings

ExlService Holdings, Inc is an operations management and analytics company. The Company operates through two segments: Operations Management and Analytics. The Company offers operations management solutions to the insurance, healthcare, banking and financial services, utilities, and travel, transportation and logistics industries.

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