Dark Forest Capital Management LP Buys 52,467 Shares of 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 position in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 978.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 about 0.13% of WNS worth $3,556,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Diamond Hill Capital Management Inc. increased its holdings 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 valued at $86,609,000 after acquiring an additional 35,074 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in WNS during the first quarter worth $51,712,000. Nuveen LLC bought a new stake in WNS during the first quarter worth $37,321,000. Nuveen Asset Management LLC grew its holdings in 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 in the last quarter. Finally, Neumeier Poma Investment Counsel LLC grew its holdings in 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 in the last quarter. Institutional investors own 97.36% of the company's stock.

WNS Stock Performance

Shares of NYSE WNS traded up $0.02 during trading on Monday, reaching $75.42. 707,779 shares of the stock traded hands, compared to its average volume of 1,072,235. WNS has a 52-week low of $42.62 and a 52-week high of $75.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.47 and a quick ratio of 1.47. The company has a 50-day moving average of $73.99 and a 200-day moving average of $64.92. The stock has a market capitalization of $3.23 billion, a P/E ratio of 21.01, a price-to-earnings-growth 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 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 firm had revenue of $339.90 million for the quarter, compared to analysts' expectations of $323.13 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. Analysts forecast that WNS will post 3.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WNS has been the subject of several recent research reports. William Blair downgraded WNS from a "strong-buy" rating to a "market perform" rating in a report on Monday, July 7th. Jefferies Financial Group reiterated a "hold" rating and set a $76.50 price target (down previously from $80.00) on shares of WNS in a report on Tuesday, July 8th. 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on WNS in a research report on Thursday, July 17th. They issued a "hold" rating and a $76.50 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average 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.