Dark Forest Capital Management LP Has $3.56 Million Position in WNS (Holdings) Limited $WNS

Key Points

• Dark Forest Capital Management LP increased its stake in WNS (Holdings) Limited by 978.3% during the first quarter, acquiring an additional 52,467 shares to hold a total of 57,830 shares worth approximately $3.56 million.
• WNS has recently experienced multiple downgrades from analysts, with ratings shifting from "strong-buy" to "hold", indicating a cautious outlook on the stock despite a consensus rating of "Hold" and an average target price of $68.13.
• The company's most recent earnings report showed earnings per share of $1.02, beating estimates, with revenue increasing by 9.5% year-over-year to $339.90 million.

Dark Forest Capital Management LP grew its holdings in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 978.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,830 shares of the business services provider's stock after acquiring an additional 52,467 shares during the quarter. Dark Forest Capital Management LP owned 0.13% of WNS worth $3,556,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Diamond Hill Capital Management Inc. increased its holdings in shares of WNS by 2.6% in 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 acquiring an additional 35,074 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of WNS in the first quarter worth about $51,712,000. Nuveen LLC bought a new stake in shares of WNS in the first quarter worth about $37,321,000. Nuveen Asset Management LLC increased its holdings in shares of WNS by 9.9% in the fourth quarter. Nuveen Asset Management LLC now owns 605,951 shares of the business services provider's stock worth $28,716,000 after acquiring an additional 54,781 shares in the last quarter. Finally, Neumeier Poma Investment Counsel LLC increased its holdings in shares of WNS by 35.3% in 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 acquiring an additional 127,445 shares in the last quarter. 97.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WNS has been the subject of several recent analyst reports. Needham & Company LLC downgraded WNS from a "moderate buy" rating to a "hold" rating in a report on Monday, July 7th. Baird R W downgraded WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Jefferies Financial Group restated a "hold" rating and issued a $76.50 price target (down from $80.00) on shares of WNS in a report on Tuesday, July 8th. Barrington Research downgraded WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Finally, William Blair downgraded 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 given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $67.43.

WNS Stock Up 0.0%

NYSE WNS traded up $0.03 during trading hours on Friday, hitting $75.43. 965,421 shares of the company traded hands, compared to its average volume of 521,142. The business's 50-day moving average is $73.99 and its 200-day moving average is $64.87. WNS has a twelve month low of $42.62 and a twelve month 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. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 2.24 and a beta of 0.91.

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

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.