Envestnet Asset Management Inc. lifted its stake in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 13.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,188 shares of the business services provider's stock after buying an additional 7,671 shares during the period. Envestnet Asset Management Inc. owned approximately 0.14% of WNS worth $4,008,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Johnson Financial Group Inc. acquired a new stake in WNS during the 4th quarter worth $53,000. NBC Securities Inc. acquired a new stake in WNS during the 1st quarter worth $96,000. KBC Group NV acquired a new stake in WNS during the 1st quarter worth $109,000. Ironwood Wealth Management LLC. acquired a new stake in WNS during the 1st quarter worth $209,000. Finally, Pictet Asset Management Holding SA acquired a new stake in WNS during the 4th quarter worth $213,000. 97.36% of the stock is owned by hedge funds and other institutional investors.
WNS Price Performance
NYSE:WNS traded up $0.01 during mid-day trading on Tuesday, hitting $74.76. 141,280 shares of the company's stock traded hands, compared to its average volume of 1,138,342. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.76 and a current ratio of 1.76. The firm's 50 day simple moving average is $64.25 and its 200 day simple moving average is $61.08. WNS has a 1 year low of $42.62 and a 1 year high of $75.09. The company has a market cap of $3.47 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 2.25 and a beta of 0.93.
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 the consensus estimate of $0.97 by $0.05. WNS had a net margin of 12.11% and a return on equity of 23.03%. The firm had revenue of $339.90 million during the quarter, compared to the consensus estimate of $323.13 million. During the same period last year, the firm posted $0.93 EPS. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. Sell-side analysts expect that WNS will post 3.8 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms have recently commented on WNS. Jefferies Financial Group restated a "hold" rating and issued a $76.50 target price (down previously from $80.00) on shares of WNS in a research note on Tuesday, July 8th. Baird R W cut shares of WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Barrington Research cut shares of WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. William Blair cut shares of WNS from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 7th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of WNS in a research note on Thursday, July 17th. They issued a "hold" rating and a $76.50 target price for the company. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $68.13.
Check Out Our Latest Stock Analysis on WNS
WNS Profile
(
Free Report)
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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