Envestnet Asset Management Inc. Has $4.01 Million Stock Holdings in WNS (Holdings) Limited (NYSE:WNS)

Key Points

• Envestnet Asset Management Inc. increased its stake in WNS (Holdings) Limited by 13.3% during the first quarter, now holding approximately $4.01 million in shares.
• Significant investments from institutional investors include Hhlr Advisors LTD. acquiring a stake valued at $72.6 million and Vanguard Group Inc. increasing its holdings by 27.1%.
• Recent analyst ratings show a trend of downgrades for WNS, with multiple firms moving from "buy" to "hold," reflecting a cautious outlook on the stock.

Envestnet Asset Management Inc. grew its position in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 13.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,188 shares of the business services provider's stock after purchasing an additional 7,671 shares during the period. Envestnet Asset Management Inc. owned about 0.14% of WNS worth $4,008,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in WNS. Hhlr Advisors LTD. acquired a new stake in WNS during the 4th quarter valued at $72,576,000. Mesirow Institutional Investment Management Inc. acquired a new stake in WNS during the 4th quarter valued at $14,181,000. Voloridge Investment Management LLC bought a new stake in shares of WNS during the fourth quarter valued at approximately $7,813,000. Vise Technologies Inc. acquired a new stake in shares of WNS in the fourth quarter valued at approximately $4,310,000. Finally, Vanguard Group Inc. increased its holdings in shares of WNS by 27.1% in the fourth quarter. Vanguard Group Inc. now owns 415,556 shares of the business services provider's stock valued at $19,693,000 after purchasing an additional 88,698 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Baird R W lowered shares of WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Jefferies Financial Group reissued a "hold" rating and issued a $76.50 price target (down previously from $80.00) on shares of WNS in a report on Tuesday, July 8th. Needham & Company LLC lowered shares of WNS from a "moderate buy" rating to a "hold" rating in a report on Monday, July 7th. William Blair lowered shares of WNS from a "strong-buy" rating to a "market perform" rating in a report on Monday, July 7th. Finally, Wall Street Zen lowered shares of WNS from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, WNS presently has an average rating of "Hold" and an average price target of $68.13.

WNS Trading Down 0.1%

Shares of NYSE WNS opened at $74.71 on Friday. The company's fifty day moving average is $63.88 and its 200-day moving average is $60.64. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 2.25 and a beta of 0.93. WNS has a twelve month low of $42.62 and a twelve month high of $75.09. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.19.

WNS (NYSE:WNS - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The business services provider reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.05. The company had revenue of $339.90 million for the quarter, compared to analysts' expectations of $323.13 million. WNS had a net margin of 12.11% and a return on equity of 23.03%. The business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. Equities research analysts predict that WNS will post 3.8 EPS 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.

Want to see what other hedge funds are holding WNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WNS (Holdings) Limited (NYSE:WNS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.