Wellington Management Group LLP Boosts Stake in WNS (Holdings) Limited (NYSE:WNS)

Wellington Management Group LLP increased its position in WNS (Holdings) Limited (NYSE:WNS) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 747,724 shares of the business services provider’s stock after buying an additional 28,833 shares during the period. Wellington Management Group LLP owned 1.56% of WNS worth $47,256,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in WNS by 36.5% during the third quarter. JPMorgan Chase & Co. now owns 2,034,729 shares of the business services provider’s stock valued at $139,298,000 after purchasing an additional 544,328 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of WNS by 13.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,920,291 shares of the business services provider’s stock valued at $121,362,000 after buying an additional 234,139 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of WNS by 4.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,551,716 shares of the business services provider’s stock valued at $98,068,000 after buying an additional 71,004 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in shares of WNS by 40.6% during the fourth quarter. Westfield Capital Management Co. LP now owns 1,042,815 shares of the business services provider’s stock valued at $65,906,000 after buying an additional 301,022 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of WNS by 14.1% during the third quarter. Ameriprise Financial Inc. now owns 994,218 shares of the business services provider’s stock valued at $68,064,000 after buying an additional 122,576 shares during the last quarter. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

WNS Stock Up 0.5 %

Shares of NYSE WNS opened at $53.05 on Monday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.54 billion and a PE ratio of 18.75. The stock’s fifty day simple moving average is $49.30 and its two-hundred day simple moving average is $56.02. WNS has a 12-month low of $39.85 and a 12-month high of $75.12.

WNS (NYSE:WNS) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.11. The business had revenue of $325.90 million for the quarter, compared to analysts’ expectations of $322.92 million. WNS had a return on equity of 22.23% and a net margin of 10.59%. As a group, analysts expect that WNS will post 3.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WNS. Deutsche Bank Aktiengesellschaft cut WNS from a “buy” rating to a “hold” rating and cut their target price for the company from $64.00 to $44.00 in a research note on Friday, April 26th. TD Cowen dropped their price objective on WNS from $70.00 to $64.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Needham & Company LLC dropped their price objective on WNS from $80.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of WNS in a research note on Tuesday, May 28th. Finally, Citigroup dropped their price objective on WNS from $80.00 to $62.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.11.

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.