Tocqueville Asset Management L.P. Purchases 28,000 Shares of WNS (Holdings) Limited (NYSE:WNS)

Tocqueville Asset Management L.P. boosted its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 70.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,000 shares of the business services provider’s stock after purchasing an additional 28,000 shares during the period. Tocqueville Asset Management L.P. owned about 0.14% of WNS worth $3,223,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WNS. Thrivent Financial for Lutherans acquired a new stake in shares of WNS during the third quarter worth approximately $61,726,000. State Street Corp increased its holdings in WNS by 40.5% during the 3rd quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock valued at $39,182,000 after purchasing an additional 214,417 shares in the last quarter. Principal Financial Group Inc. raised its position in WNS by 3,523.4% in the 4th quarter. Principal Financial Group Inc. now owns 152,326 shares of the business services provider’s stock valued at $7,219,000 after purchasing an additional 148,122 shares during the last quarter. FMR LLC grew its holdings in shares of WNS by 2.1% during the third quarter. FMR LLC now owns 4,898,543 shares of the business services provider’s stock worth $258,202,000 after purchasing an additional 99,195 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of WNS by 15,848.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 85,645 shares of the business services provider’s stock worth $4,059,000 after purchasing an additional 85,108 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.

WNS Stock Up 0.0 %

NYSE:WNS opened at $63.53 on Wednesday. WNS has a 12-month low of $39.85 and a 12-month high of $65.03. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $2.94 billion, a P/E ratio of 22.21, a P/E/G ratio of 2.10 and a beta of 1.22. The stock’s fifty day simple moving average is $56.34 and its 200-day simple moving average is $52.63.

WNS (NYSE:WNS) last released its earnings results on Thursday, January 23rd. The business services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.15). WNS had a net margin of 10.03% and a return on equity of 22.25%. Equities research analysts expect that WNS will post 3.8 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Jefferies Financial Group reduced their price target on shares of WNS from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Needham & Company LLC upped their target price on shares of WNS from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Robert W. Baird raised their price target on shares of WNS from $58.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, StockNews.com raised WNS from a “hold” rating to a “buy” rating in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, WNS has an average rating of “Moderate Buy” and an average target price of $61.63.

WNS Profile

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through TSLU, MRHP, HCLS, and BFSI segments. It engages in diversified business, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure, utilities, shipping, and logistics; healthcare and life sciences; banking, financial services, and insurance; and Hi-tech and professional services, as well as procurement.