Rhumbline Advisers Raises Stock Position in WNS (Holdings) Limited (NYSE:WNS)

Rhumbline Advisers boosted its stake in shares of WNS (Holdings) Limited (NYSE:WNS) by 426.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,021 shares of the business services provider’s stock after purchasing an additional 55,913 shares during the period. Rhumbline Advisers owned approximately 0.14% of WNS worth $3,624,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WNS. Truist Financial Corp purchased a new position in shares of WNS during the fourth quarter worth $201,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of WNS during the 4th quarter valued at about $1,252,000. Renaissance Group LLC lifted its holdings in shares of WNS by 7.0% in the 4th quarter. Renaissance Group LLC now owns 33,093 shares of the business services provider’s stock valued at $2,091,000 after buying an additional 2,167 shares during the period. Westfield Capital Management Co. LP boosted its stake in shares of WNS by 40.6% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,042,815 shares of the business services provider’s stock worth $65,906,000 after buying an additional 301,022 shares during the last quarter. Finally, Cape Investment Advisory Inc. acquired a new stake in WNS during the fourth quarter worth about $100,000. Hedge funds and other institutional investors own 97.36% of the company’s stock.

Wall Street Analyst Weigh In

WNS has been the subject of a number of analyst reports. Needham & Company LLC boosted their price target on WNS from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 19th. Barrington Research reaffirmed an “outperform” rating and set a $70.00 target price on shares of WNS in a report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, WNS has a consensus rating of “Moderate Buy” and an average price target of $66.43.

WNS Trading Down 0.6 %

Shares of WNS stock opened at $57.14 on Tuesday. The stock has a 50 day simple moving average of $57.67 and a 200-day simple moving average of $53.30. WNS has a 1-year low of $39.85 and a 1-year high of $74.54. The company has a market cap of $2.73 billion and a price-to-earnings ratio of 20.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.60.

WNS (NYSE:WNS) last announced its quarterly earnings data on Thursday, July 18th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. WNS had a net margin of 10.52% and a return on equity of 22.05%. The company had revenue of $312.40 million during the quarter, compared to analysts’ expectations of $310.49 million. During the same quarter in the prior year, the company earned $0.76 EPS. WNS’s revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts expect that WNS will post 3.72 EPS for the current fiscal year.

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.