Nuveen LLC Invests $37.32 Million in WNS (Holdings) Limited $WNS

Key Points

• Nuveen LLC acquired 606,946 shares of WNS (Holdings) Limited, mounting a stake valued at approximately $37.3 million, representing 1.31% ownership.
• Several analysts downgraded WNS shares from "strong-buy" to "hold," with a consensus target price of $68.13, indicating a cautious outlook on the stock.
• WNS reported a revenue increase of 9.5% year-over-year for the last quarter, with earnings per share (EPS) of $1.02, exceeding analyst expectations of $0.97.

Nuveen LLC purchased a new stake in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 606,946 shares of the business services provider's stock, valued at approximately $37,321,000. Nuveen LLC owned 1.31% of WNS as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. MetLife Investment Management LLC increased its holdings in shares of WNS by 0.7% during the fourth quarter. MetLife Investment Management LLC now owns 25,575 shares of the business services provider's stock valued at $1,212,000 after purchasing an additional 187 shares during the period. LPL Financial LLC increased its holdings in shares of WNS by 3.9% during the fourth quarter. LPL Financial LLC now owns 13,770 shares of the business services provider's stock valued at $653,000 after purchasing an additional 514 shares during the period. Cetera Investment Advisers boosted its stake in WNS by 11.6% during the first quarter. Cetera Investment Advisers now owns 5,731 shares of the business services provider's stock valued at $352,000 after buying an additional 597 shares in the last quarter. Horizon Family Wealth Inc. boosted its stake in WNS by 12.8% during the first quarter. Horizon Family Wealth Inc. now owns 7,442 shares of the business services provider's stock valued at $458,000 after buying an additional 843 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in WNS by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 104,471 shares of the business services provider's stock valued at $6,424,000 after buying an additional 1,117 shares in the last quarter. 97.36% of the stock is owned by institutional investors and hedge funds.

WNS Trading Up 0.0%

Shares of NYSE:WNS traded up $0.0080 during midday trading on Tuesday, reaching $75.1480. The company had a trading volume of 447,129 shares, compared to its average volume of 1,113,294. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.47 and a current ratio of 1.47. WNS has a 1-year low of $42.62 and a 1-year high of $75.32. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 2.23 and a beta of 0.90. The company has a fifty day simple moving average of $69.39 and a two-hundred day simple moving average of $63.32.

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

Wall Street Analyst Weigh In

Several research analysts recently 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. William Blair cut WNS from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 7th. Jefferies Financial Group reaffirmed a "hold" rating and set a $76.50 target price (down previously from $80.00) on shares of WNS in a research note on Tuesday, July 8th. Barrington Research cut WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Finally, Wall Street Zen cut WNS from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. 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, the company presently has an average rating of "Hold" and an average target price of $68.13.

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.