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Is it Worthy to Invest in ExlService (EXLS)?

Jose Karlo Mari Tottoc
·2 分鐘文章

Polen Capital, an investment management firm, released its "U.S. Small Company Growth Fund" third quarter 2023 investor letter, a copy of which can be downloaded here. In the third quarter, the U.S. Small Company Growth Composite Portfolio, referred to as the "Portfolio," posted returns of -3.66% gross and -3.97% net of fees. This performance is in contrast to the -7.32% return of the Russell 2000 Growth Index, known as the "Index." Take a moment to review the fund's top 5 holdings to gain insights into their primary investment choices for 2023.

In its Q3 2023 investor letter, Polen U.S. Small Company Growth mentioned ExlService Holdings, Inc. (NASDAQ:EXLS) and explained its insights for the company. ExlService Holdings, Inc. (NASDAQ:EXLS) is a New York, New York-based management consulting business company with a $4.3 billion market capitalization. ExlService Holdings, Inc. (NASDAQ:EXLS) delivered a -21.32% return since the beginning of the year, while its 12-month returns are up by -24.69%. The stock closed at $26.66 per share on November 3, 2023.

Here is what Polen U.S. Small Company Growth has to say about ExlService Holdings, Inc. (NASDAQ:EXLS) in its Q3 2023 investor letter:

"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."

Our calculations show that ExlService Holdings, Inc. (NASDAQ:EXLS) does not belong on our list of the 30 Most Popular Stocks Among Hedge Funds. ExlService Holdings, Inc. (NASDAQ:EXLS) was in 25 hedge fund portfolios at the end of the second quarter of 2023, compared to 24 funds in the previous quarter. ExlService Holdings, Inc. (NASDAQ:EXLS) delivered a -3.62% return in the past 3 months. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters Q3 2023 page.

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Disclosure: None. This article is originally published at Insider Monkey.