ExlService Holdings, Inc. (NASDAQ:EXLS) Short Interest Update

17 Apr 2026, 21:26 by Amy Steele · The Cerbat Gem

ExlService Holdings, Inc. (NASDAQ:EXLS – Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 10,264,236 shares, a growth of 30.2% from the March 15th total of 7,883,395 shares. Based on an average trading volume of 2,058,725 shares, the short-interest ratio is currently 5.0 days. Approximately 6.8% of the company’s stock are short sold.

Insiders Place Their Bets

In related news, EVP Ajay Ayyappan sold 1,197 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $29.79, for a total value of $35,658.63. Following the completion of the transaction, the executive vice president directly owned 53,901 shares of the company’s stock, valued at $1,605,710.79. This represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 11,586 shares of company stock worth $449,725 in the last three months. 4.04% of the stock is owned by insiders.

Institutional Trading of ExlService

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its holdings in shares of ExlService by 277.7% during the 1st quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider’s stock worth $821,000 after acquiring an additional 12,781 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in ExlService by 4.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 497,474 shares of the business services provider’s stock worth $23,486,000 after purchasing an additional 19,769 shares during the last quarter. Jane Street Group LLC acquired a new position in ExlService during the first quarter worth approximately $10,084,000. EverSource Wealth Advisors LLC raised its stake in ExlService by 575.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,883 shares of the business services provider’s stock worth $126,000 after purchasing an additional 2,456 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of ExlService in the 2nd quarter valued at $1,704,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Stifel Nicolaus dropped their price objective on ExlService from $54.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Needham & Company LLC restated a “buy” rating and set a $40.00 target price (down from $55.00) on shares of ExlService in a research report on Wednesday, February 25th. TD Cowen decreased their price target on ExlService from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of ExlService in a research note on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.60.

View Our Latest Research Report on EXLS

ExlService Trading Up 1.2%

Shares of NASDAQ EXLS traded up $0.38 during midday trading on Friday, reaching $31.86. 1,311,815 shares of the stock were exchanged, compared to its average volume of 2,111,530. The stock has a 50 day moving average price of $30.60 and a 200-day moving average price of $37.24. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $4.98 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.42 and a beta of 0.89. ExlService has a 52-week low of $26.94 and a 52-week high of $48.79.

ExlService announced that its Board of Directors has approved a share buyback plan on Tuesday, March 17th that allows the company to repurchase $125.00 million in shares. This repurchase authorization allows the business services provider to buy up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

About ExlService

(Get Free Report)

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.