Is It Worth Investing In Exlservice (EXLS)?
Polen Capital, an investment management firm, shared its Q3 2023 investor letter featuring the performance of its “U.S. Small Company Growth Fund.” During this period, the fund’s portfolio recorded a -3.66% gross and -3.97% net return, in stark contrast to the -7.32% return of the Russell 2000 Growth Index. Let’s delve into the top 5 holdings to understand their investment strategy for 2023.
Within this Q3 2023 investor letter, Polen U.S. Small Company Growth focused on ExlService Holdings, Inc. (NASDAQ: EXLS). This New York-based management consulting company boasts a $4.3 billion market capitalization. Year-to-date, EXLS witnessed a -21.32% return, while its 12-month returns showed a decrease of -24.69%. As of November 3, 2023, the stock closed at $26.66 per share.
The letter contains insights from Polen U.S. Small Company Growth regarding ExlService Holdings, Inc. (NASDAQ: EXLS) for Q3 2023.
“EXL Services is an outsourced businesses services and analytics company with a long track record for driving digital transformation. EXL’s specialization and reputation in the insurance industry has also been a point of differentiation and served as a springboard to grow the business. We previously owned EXL but sold the position when the company navigated a difficult transition. Encouragingly, the company managed very well through that difficult period and upgraded the management team, which has brought more discipline to their capital allocation, as evidenced by increasing returns on invested capital. Looking ahead, we anticipate mid-teens free cash flow growth and capital to be deployed towards share buybacks and small acquisitions.”
Based on our analysis, ExlService Holdings, Inc. (NASDAQ: EXLS) doesn’t feature among the 30 Most Popular Stocks Among Hedge Funds. As of the conclusion of Q2 2023, ExlService Holdings, Inc. (NASDAQ: EXLS) was present in 25 hedge fund portfolios, one more than the prior quarter. Over the last three months, ExlService Holdings, Inc. (NASDAQ: EXLS) recorded a negative return of -3.62%.
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