65,000 Shares in WNS (Holdings) Limited $WNS Acquired by Kingdon Capital Management L.L.C.

Key Points

• Kingdon Capital Management L.L.C. acquired 65,000 shares of WNS (Holdings) Limited, valued at approximately $3.997 million, during the 1st quarter, representing 0.14% of the company's stock.
• Several hedge funds, including Diamond Hill Capital Management Inc. and Nuveen LLC, have recently adjusted their holdings in WNS, with a total of 97.36% of the stock owned by institutional investors.
• Analysts have downgraded WNS's stock ratings, with an average rating of "Hold" and a target price of $68.13, following recent earnings results that showed a revenue increase of 9.5% year-over-year.

Kingdon Capital Management L.L.C. acquired a new position in WNS (Holdings) Limited (NYSE:WNS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 65,000 shares of the business services provider's stock, valued at approximately $3,997,000. Kingdon Capital Management L.L.C. owned 0.14% of WNS as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Diamond Hill Capital Management Inc. boosted its position in shares of WNS by 2.6% during the first quarter. Diamond Hill Capital Management Inc. now owns 1,408,501 shares of the business services provider's stock worth $86,609,000 after buying an additional 35,074 shares during the period. Westfield Capital Management Co. LP purchased a new position in shares of WNS during the first quarter worth $51,712,000. Nuveen LLC purchased a new position in shares of WNS during the first quarter worth $37,321,000. Nuveen Asset Management LLC boosted its position in shares of WNS by 9.9% during the fourth quarter. Nuveen Asset Management LLC now owns 605,951 shares of the business services provider's stock worth $28,716,000 after buying an additional 54,781 shares during the period. Finally, Neumeier Poma Investment Counsel LLC boosted its position in shares of WNS by 35.3% during the first quarter. Neumeier Poma Investment Counsel LLC now owns 488,103 shares of the business services provider's stock worth $30,013,000 after buying an additional 127,445 shares during the period. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WNS. Wall Street Zen cut WNS from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. 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 target on the stock. 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 restated a "hold" rating and issued a $76.50 price target (down from $80.00) on shares of WNS in a research note on Tuesday, July 8th. Finally, Baird R W cut WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, WNS currently has an average rating of "Hold" and an average price target of $68.13.

WNS Stock Performance

Shares of WNS stock opened at $75.49 on Friday. The stock's 50-day moving average is $72.33 and its two-hundred day moving average is $64.24. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.24 and a beta of 0.90. WNS has a 1 year low of $42.62 and a 1 year high of $75.58. 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 (NYSE:WNS - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping 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 quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.93 earnings per share. Analysts predict 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.

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