Alliancebernstein L.P. Acquires 41,505 Shares of WNS (Holdings) Limited $WNS

Key Points

• Alliancebernstein L.P. increased its stake in WNS (Holdings) Limited by 3.0%, acquiring an additional 41,505 shares to total 1,405,672 shares, worth approximately $86 million.
• WNS reported earnings of $1.02 per share, exceeding analysts' expectations by $0.05, with quarterly revenue rising by 9.5% year-over-year.
• Several analysts downgraded WNS, with ratings shifting from "buy" to "hold," reflecting a consensus rating of "Hold" and a price target of $67.43.

Alliancebernstein L.P. lifted its holdings in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,405,672 shares of the business services provider's stock after purchasing an additional 41,505 shares during the period. Alliancebernstein L.P. owned about 3.04% of WNS worth $86,435,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WNS. Stifel Financial Corp raised its stake in shares of WNS by 11.4% during the 4th quarter. Stifel Financial Corp now owns 25,226 shares of the business services provider's stock worth $1,195,000 after purchasing an additional 2,587 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of WNS by 14.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,906 shares of the business services provider's stock worth $802,000 after purchasing an additional 2,137 shares during the period. Northern Trust Corp increased its holdings in WNS by 7.8% in the 4th quarter. Northern Trust Corp now owns 341,820 shares of the business services provider's stock worth $16,199,000 after acquiring an additional 24,690 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in WNS by 1.8% in the 4th quarter. Ameriprise Financial Inc. now owns 153,203 shares of the business services provider's stock worth $7,260,000 after acquiring an additional 2,766 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in WNS by 35.0% in the 4th quarter. Cetera Investment Advisers now owns 5,134 shares of the business services provider's stock worth $243,000 after acquiring an additional 1,331 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors.

WNS Stock Up 0.0%

WNS stock opened at $75.43 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $3.24 billion, a PE ratio of 21.01, a PEG ratio of 2.24 and a beta of 0.91. WNS has a twelve month low of $42.62 and a twelve month high of $75.58. The stock has a 50-day simple moving average of $73.99 and a two-hundred day simple moving average of $64.82.

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 analysts' consensus estimates of $0.97 by $0.05. The business had revenue of $339.90 million during 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 quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 EPS. On average, equities analysts predict that WNS will post 3.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on WNS shares. Baird R W 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. Needham & Company LLC lowered WNS from a "moderate buy" rating to a "hold" rating in a report on Monday, July 7th. Jefferies Financial Group reissued a "hold" rating and issued a $76.50 price objective (down previously from $80.00) on shares of WNS 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.

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