WNS (Holdings) Limited (NYSE:WNS) is 1492 Capital Management LLC's Largest Position

1492 Capital Management LLC lifted its holdings in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 27.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,333 shares of the business services provider's stock after acquiring an additional 24,285 shares during the period. WNS accounts for about 3.7% of 1492 Capital Management LLC's holdings, making the stock its biggest position. 1492 Capital Management LLC owned approximately 0.24% of WNS worth $6,846,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of WNS. Johnson Financial Group Inc. acquired a new position in shares of WNS during the 4th quarter valued at $53,000. NBC Securities Inc. bought a new position in shares of WNS during the first quarter worth about $96,000. KBC Group NV acquired a new position in shares of WNS in the 1st quarter worth approximately $109,000. Ironwood Wealth Management LLC. bought a new stake in shares of WNS in the 1st quarter valued at approximately $209,000. Finally, Pictet Asset Management Holding SA bought a new position in WNS during the fourth quarter worth $213,000. 97.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wall Street Zen lowered shares of WNS from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. William Blair downgraded WNS from a "strong-buy" rating to a "market perform" rating in a report on Monday, July 7th. Deutsche Bank Aktiengesellschaft began coverage on WNS in a report on Thursday, July 17th. They set a "hold" rating and a $76.50 price target for the company. Baird R W cut WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $76.50 price target (down previously from $80.00) on shares of WNS in a research report on Tuesday, July 8th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $68.13.

WNS Price Performance

Shares of WNS stock traded down $0.08 during midday trading on Friday, hitting $74.71. 1,048,880 shares of the company were exchanged, compared to its average volume of 1,142,686. WNS has a 52 week low of $42.62 and a 52 week high of $75.09. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a 50 day simple moving average of $63.51 and a 200-day simple moving average of $60.44. The firm has a market cap of $3.47 billion, a P/E ratio of 20.08, a PEG ratio of 2.25 and a beta of 0.93.

WNS (NYSE:WNS - Get Free Report) last announced its quarterly 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 net margin of 12.94% and a return on equity of 23.26%. The company had revenue of $339.90 million during the quarter, compared to analyst estimates of $323.13 million. During the same quarter in the previous year, the business earned $0.93 EPS. The firm's revenue was up 9.5% on a year-over-year basis. Research analysts forecast that WNS will post 3.8 earnings per share for the current year.

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.