Ardsley Advisory Partners LP Invests $2.21 Million in WNS (Holdings) Limited $WNS

Key Points

• Ardsley Advisory Partners LP acquired 36,000 shares of WNS (Holdings) Limited for approximately $2.2 million, increasing its ownership to 0.08% of the company.
• Wall Street analysts have downgraded WNS's stock ratings from "strong-buy" to "hold," with a current consensus rating of Hold and an average target price of $68.13.
• WNS reported earnings of $1.02 per share for the last quarter, surpassing analysts' expectations and showing a 9.5% year-over-year revenue increase.

Ardsley Advisory Partners LP bought a new position in WNS (Holdings) Limited (NYSE:WNS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 36,000 shares of the business services provider's stock, valued at approximately $2,214,000. Ardsley Advisory Partners LP owned about 0.08% of WNS as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WNS. Quarry LP purchased a new stake in shares of WNS in the first quarter valued at $47,000. NBC Securities Inc. purchased a new stake in shares of WNS in the first quarter valued at $96,000. KBC Group NV purchased a new stake in shares of WNS in the first quarter valued at $109,000. Ironwood Wealth Management LLC. purchased a new stake in shares of WNS in the first quarter valued at $209,000. Finally, Global Alpha Capital Management Ltd. purchased a new stake in shares of WNS in the first quarter valued at $217,000. 97.36% of the stock is currently owned by institutional investors and hedge funds.

WNS Stock Up 0.1%

NYSE WNS traded up $0.05 during trading on Monday, hitting $75.45. 936,758 shares of the company traded hands, compared to its average volume of 1,072,839. WNS has a 12 month low of $42.62 and a 12 month high of $75.58. The business has a fifty day simple moving average of $73.99 and a 200 day simple moving average of $64.92. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $3.24 billion, a P/E ratio of 21.01, a PEG ratio of 2.24 and a beta of 0.91.

WNS (NYSE:WNS - Get Free Report) last posted its earnings results on Thursday, July 24th. The business services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.05. The company 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 business's revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. As a group, sell-side analysts predict that WNS will post 3.8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Needham & Company LLC lowered WNS from a "moderate buy" rating to a "hold" rating in a report on Monday, July 7th. Barrington Research lowered WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Wall Street Zen lowered WNS from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Baird R W lowered WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Finally, William Blair lowered WNS from a "strong-buy" rating to a "market perform" rating in a report on Monday, July 7th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $67.43.

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.