Allianz Asset Management GmbH Makes New $3.47 Million Investment in WNS (Holdings) Limited $WNS

Allianz Asset Management GmbH bought a new position in shares of WNS (Holdings) Limited (NYSE:WNS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,878 shares of the business services provider’s stock, valued at approximately $3,470,000. Allianz Asset Management GmbH owned 0.12% of WNS as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WNS. Pzena Investment Management LLC purchased a new stake in WNS during the second quarter worth $105,134,000. Westfield Capital Management Co. LP purchased a new stake in shares of WNS during the 1st quarter valued at $51,712,000. Nuveen LLC purchased a new stake in shares of WNS during the 1st quarter valued at $37,321,000. Voya Investment Management LLC lifted its holdings in shares of WNS by 4,316.0% during the 1st quarter. Voya Investment Management LLC now owns 568,206 shares of the business services provider’s stock valued at $34,939,000 after purchasing an additional 555,339 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of WNS by 1,160.1% during the 1st quarter. MetLife Investment Management LLC now owns 322,258 shares of the business services provider’s stock valued at $19,816,000 after purchasing an additional 296,683 shares during the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

WNS Price Performance

NYSE WNS opened at $75.98 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.47 and a quick ratio of 1.47. The stock’s fifty day moving average price is $75.86 and its 200 day moving average price is $68.46. WNS has a 1 year low of $42.62 and a 1 year high of $76.48. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.25 and a beta of 0.91.

WNS (NYSE:WNS) last released its earnings results on Thursday, July 24th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.05. WNS had a return on equity of 22.90% and a net margin of 12.11%.The firm had revenue of $339.90 million for the quarter, compared to the consensus estimate of $323.13 million. During the same period in the prior year, the firm earned $0.93 EPS. The firm’s revenue was up 9.5% on a year-over-year basis. As a group, equities research analysts forecast that WNS will post 3.8 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Needham & Company LLC lowered WNS from a “moderate buy” rating to a “hold” rating in a report on Monday, July 7th. Wall Street Zen lowered WNS from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Jefferies Financial Group reiterated a “hold” rating and set a $76.50 price objective (down previously from $80.00) on shares of WNS in a report on Tuesday, July 8th. William Blair lowered WNS from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 7th. Finally, Baird R W lowered WNS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, WNS presently has a consensus rating of “Hold” and a consensus target price of $72.80.

WNS Company 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.