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Mackenzie Financial Corp Acquires New Holdings in WNS (Holdings) Limited (NYSE:WNS)

WNS logo with Business Services background

Key Points

  • Mackenzie Financial Corp made a new investment in WNS (Holdings) Limited, purchasing 6,336 shares valued at approximately $390,000.
  • Recent ratings from analysts have led to downgrades for WNS shares, with several firms changing their outlook from "strong-buy" to "hold," reflecting a cautious stance on the stock's future performance.
  • WNS reported a net margin of 12.11% and earnings per share of $1.02, surpassing analysts' expectations, indicating positive operational performance despite recent rating downgrades.
  • Looking to export and analyze WNS data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Mackenzie Financial Corp purchased a new stake in WNS (Holdings) Limited (NYSE:WNS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 6,336 shares of the business services provider's stock, valued at approximately $390,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new stake in shares of WNS during the 4th quarter worth about $53,000. NBC Securities Inc. bought a new stake in WNS in the 1st quarter valued at about $96,000. KBC Group NV bought a new stake in WNS in the 1st quarter valued at about $109,000. Ironwood Wealth Management LLC. bought a new stake in WNS in the 1st quarter valued at about $209,000. Finally, Pictet Asset Management Holding SA acquired a new position in shares of WNS in the 4th quarter valued at approximately $213,000. 97.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Jefferies Financial Group reissued a "hold" rating and issued a $76.50 price objective (down from $80.00) on shares of WNS in a research note on Tuesday, July 8th. Wall Street Zen cut shares of WNS from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. William Blair cut shares of WNS from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 7th. Needham & Company LLC cut shares of WNS from a "moderate buy" rating to a "hold" rating in a research note on Monday, July 7th. Finally, Barrington Research downgraded shares of WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $68.13.

Get Our Latest Analysis on WNS

WNS Stock Up 0.2%

Shares of WNS stock traded up $0.18 during trading hours on Wednesday, reaching $75.20. The company's stock had a trading volume of 156,483 shares, compared to its average volume of 1,126,299. WNS has a one year low of $42.62 and a one year high of $75.20. The company has a market capitalization of $3.23 billion, a P/E ratio of 20.95, a P/E/G ratio of 2.23 and a beta of 0.90. The stock's fifty day simple moving average is $68.10 and its two-hundred day simple moving average is $62.95. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.76 and a current ratio of 1.47.

WNS (NYSE:WNS - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The business services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.97 by $0.05. The business had revenue of $339.90 million for the quarter, compared to analyst estimates of $323.13 million. WNS had a net margin of 12.11% and a return on equity of 22.90%. The company's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share. On average, research analysts forecast that WNS will post 3.8 earnings per share for the current year.

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.

See Also

Institutional Ownership by Quarter for WNS (NYSE:WNS)

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