ExlService Holdings, Inc. (NASDAQ:EXLS – Get Free Report) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 3,960,000 shares, a decrease of 5.0% from the December 31st total of 4,170,000 shares. Based on an average trading volume of 986,700 shares, the short-interest ratio is currently 4.0 days.
ExlService Stock Performance
Shares of EXLS stock opened at $31.28 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.13 and a quick ratio of 2.13. ExlService has a fifty-two week low of $25.17 and a fifty-two week high of $35.94. The stock’s 50-day moving average is $30.39 and its two-hundred day moving average is $29.88. The firm has a market cap of $5.16 billion, a P/E ratio of 30.02, a PEG ratio of 1.61 and a beta of 0.99.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of EXLS. Van ECK Associates Corp increased its holdings in shares of ExlService by 12.6% during the 2nd quarter. Van ECK Associates Corp now owns 4,661 shares of the business services provider’s stock valued at $704,000 after acquiring an additional 523 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of ExlService by 426.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,173 shares of the business services provider’s stock valued at $61,000 after acquiring an additional 1,760 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of ExlService by 60.3% during the 2nd quarter. Mackenzie Financial Corp now owns 1,046,435 shares of the business services provider’s stock valued at $157,991,000 after acquiring an additional 393,557 shares during the last quarter. Strs Ohio increased its holdings in shares of ExlService by 388.6% during the 3rd quarter. Strs Ohio now owns 17,100 shares of the business services provider’s stock valued at $479,000 after acquiring an additional 13,600 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its holdings in shares of ExlService by 202.1% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 90,636 shares of the business services provider’s stock valued at $2,541,000 after acquiring an additional 60,636 shares during the last quarter. 18.96% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
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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