WNS (Holdings) Limited $WNS Shares Purchased by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC raised its stake in WNS (Holdings) Limited by 1,160.1% in the first quarter, owning approximately 0.70% of the company valued at nearly $19.8 million after acquiring 296,683 additional shares.
• WNS's recent quarterly earnings showed a profit of $1.02 per share, surpassing estimates and indicating a 9.5% increase in revenue year-over-year.
• Equity analysts have revised WNS's rating, with Baird R W and Barrington Research downgrading to a "hold" rating, while Jefferies Financial Group set a target price of $76.50.

MetLife Investment Management LLC lifted its stake in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 1,160.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 322,258 shares of the business services provider's stock after purchasing an additional 296,683 shares during the period. MetLife Investment Management LLC owned about 0.70% of WNS worth $19,816,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Walleye Capital LLC purchased a new stake in shares of WNS during the first quarter worth about $369,000. Wellington Management Group LLP purchased a new stake in WNS during the 1st quarter valued at about $13,722,000. Northern Trust Corp grew its stake in WNS by 5.5% during the 1st quarter. Northern Trust Corp now owns 360,652 shares of the business services provider's stock valued at $22,176,000 after acquiring an additional 18,832 shares in the last quarter. American Century Companies Inc. grew its stake in WNS by 105.6% during the 1st quarter. American Century Companies Inc. now owns 73,128 shares of the business services provider's stock valued at $4,497,000 after acquiring an additional 37,555 shares in the last quarter. Finally, Prudential PLC purchased a new stake in WNS during the 1st quarter valued at about $12,726,000. Hedge funds and other institutional investors own 97.36% of the company's stock.

WNS Trading Down 0.0%

NYSE:WNS traded down $0.01 on Friday, hitting $75.49. The stock had a trading volume of 540,408 shares, compared to its average volume of 639,915. The company has a fifty day moving average price of $72.33 and a two-hundred day moving average price of $64.28. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.18. WNS has a 1-year low of $42.62 and a 1-year high of $75.58. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.24 and a beta of 0.90.

WNS (NYSE:WNS - Get Free Report) last issued 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. WNS had a net margin of 12.11% and a return on equity of 22.90%. The firm had revenue of $339.90 million for the quarter, compared to analyst estimates of $323.13 million. During the same period in the prior year, the business posted $0.93 EPS. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts expect that WNS will post 3.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on WNS shares. Deutsche Bank Aktiengesellschaft started coverage on shares of WNS in a research note on Thursday, July 17th. They set a "hold" rating and a $76.50 price objective for the company. Wall Street Zen cut shares of WNS from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Jefferies Financial Group reaffirmed a "hold" rating and set a $76.50 price objective (down previously from $80.00) on shares of WNS in a research note on Tuesday, July 8th. 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 lowered shares of WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, WNS currently has an average rating of "Hold" and a consensus price target of $68.13.

About WNS

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.