Is it a Wise Choice to Exit Your ExlService Holdings (EXLS) Stake?

Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. The portfolio fell -4.6% (gross), modestly below the Russell 2000 Value’s decline of -2.4% and the Russell 2500 Value’s decline of -1.5% for the first quarter of 2022. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Bernzott Capital US Small Cap Value Fund mentioned ExlService Holdings, Inc. (NASDAQ:EXLS) and explained its insights for the company. Founded in 1999, ExlService Holdings, Inc. (NASDAQ:EXLS) is a New York, New York-based global analytics and digital solutions company with a $4.3 billion market capitalization. ExlService Holdings, Inc. (NASDAQ:EXLS)  delivered a -10.02% return since the beginning of the year, while its 12-month returns are up by 34.22%. The stock closed at $130.19 per share on May 10, 2022.

Here is what Bernzott Capital US Small Cap Value Fund has to say about ExlService Holdings, Inc. (NASDAQ:EXLS) in its Q1 2022 investor letter:

“ExlService Holdings (NASDAQ:EXLS): After approximately four years of ownership, this provider of offshore business process outsourcing solutions was sold from the portfolio as it achieved fair value. During our period of ownership, the stock almost tripled in value and significantly outperformed the Russell 2000 Value index.”

Our calculations show that ExlService Holdings, Inc. (NASDAQ:EXLS) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. ExlService Holdings, Inc. (NASDAQ:EXLS) was in 19 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 20 funds in the previous quarter. ExlService Holdings, Inc. (NASDAQ:EXLS) delivered a 4.13% return in the past 3 months. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

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