WCM Investment Management LLC Raises Stake in WNS (Holdings) Limited $WNS

WCM Investment Management LLC lifted its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 9.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 388,037 shares of the business services provider’s stock after buying an additional 32,093 shares during the quarter. WCM Investment Management LLC owned approximately 0.84% of WNS worth $23,453,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of WNS by 3.5% during the first quarter. Principal Financial Group Inc. now owns 157,659 shares of the business services provider’s stock worth $9,694,000 after buying an additional 5,333 shares in the last quarter. KBC Group NV purchased a new stake in shares of WNS during the first quarter worth about $109,000. Voya Investment Management LLC grew its holdings in shares of WNS by 4,316.0% during the first quarter. Voya Investment Management LLC now owns 568,206 shares of the business services provider’s stock worth $34,939,000 after buying an additional 555,339 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of WNS during the first quarter worth about $357,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of WNS by 13.3% during the first quarter. Envestnet Asset Management Inc. now owns 65,188 shares of the business services provider’s stock worth $4,008,000 after buying an additional 7,671 shares in the last quarter. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of WNS in a report on Wednesday, October 8th. Baird R W downgraded shares of WNS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 8th. Wall Street Zen downgraded shares of WNS from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of WNS in a report on Thursday, July 17th. They issued a “hold” rating and a $76.50 target price for the company. Finally, William Blair downgraded shares of WNS from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 7th. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $67.43.

WNS Trading Up 0.0%

Shares of WNS stock opened at $76.39 on Thursday. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 2.25 and a beta of 0.91. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.18. WNS has a fifty-two week low of $42.62 and a fifty-two week high of $76.40. The firm’s 50 day moving average price is $75.73 and its two-hundred day moving average price is $67.95.

WNS (NYSE:WNS) last announced its quarterly earnings results on Thursday, July 24th. The business services provider reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. The firm had revenue of $339.90 million for the quarter, compared to analysts’ expectations of $323.13 million. WNS had a net margin of 12.11% and a return on equity of 22.90%. WNS’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 earnings per share. On average, analysts anticipate that WNS will post 3.8 EPS for the current year.

About WNS

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.