223,159 Shares in WNS (Holdings) Limited $WNS Bought by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP purchased 223,159 shares of WNS (Holdings) Limited, valued at approximately $13.7 million, as part of its first-quarter investments.
• Multiple hedge funds adjusted their positions in WNS during the same period, with institutional investors owning 97.36% of the company's stock.
• Analyst ratings for WNS have shifted, with two analysts recommending a Buy and eight rating it as a Hold, reflecting a cautious outlook for the stock at a consensus price target of $68.13.

Wellington Management Group LLP bought a new position in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 223,159 shares of the business services provider's stock, valued at approximately $13,722,000. Wellington Management Group LLP owned about 0.48% of WNS as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WNS. Hhlr Advisors LTD. purchased a new stake in WNS during the fourth quarter worth approximately $72,576,000. Westfield Capital Management Co. LP purchased a new stake in WNS during the first quarter worth approximately $51,712,000. Nuveen LLC purchased a new stake in WNS during the first quarter worth approximately $37,321,000. Prudential PLC purchased a new stake in WNS during the first quarter worth approximately $12,726,000. Finally, Voloridge Investment Management LLC purchased a new stake in WNS during the fourth quarter worth approximately $7,813,000. Hedge funds and other institutional investors own 97.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Needham & Company LLC cut WNS from a "moderate buy" rating to a "hold" rating in a research note on Monday, July 7th. Jefferies Financial Group reiterated a "hold" rating and issued a $76.50 price objective (down previously from $80.00) on shares of WNS in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft assumed coverage on WNS in a research note on Thursday, July 17th. They issued a "hold" rating and a $76.50 price objective for the company. Wall Street Zen cut WNS from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Barrington Research cut WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, WNS has an average rating of "Hold" and a consensus price target of $68.13.

WNS Stock Performance

Shares of NYSE:WNS traded down $0.01 during trading on Friday, reaching $75.49. The company had a trading volume of 540,408 shares, compared to its average volume of 639,915. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 2.24 and a beta of 0.90. 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 $72.33 and its 200 day moving average price is $64.28. WNS has a fifty-two week low of $42.62 and a fifty-two week high of $75.58.

WNS (NYSE:WNS - Get Free Report) last released its earnings results on Thursday, July 24th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.05. The business had revenue of $339.90 million for the quarter, compared to analyst estimates of $323.13 million. WNS had a return on equity of 22.90% and a net margin of 12.11%.The company's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. As a group, equities research analysts predict that WNS will post 3.8 EPS 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.