206,968 Shares in WNS (Holdings) Limited (NYSE:WNS) Purchased by Prudential PLC

Key Points

• Prudential PLC acquired 206,968 shares of WNS (Holdings) Limited, valuing the investment at approximately $12.7 million, thereby holding 0.45% of the company's stock by the end of the last quarter.
• WNS reported a quarterly earnings per share (EPS) of $1.02, exceeding analysts' expectations of $0.97, with revenue showing a 9.5% increase year-over-year.
• Several analysts have downgraded WNS's stock rating recently, with a consensus rating of "Hold" and a target price of $68.13.

Prudential PLC bought a new stake in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 206,968 shares of the business services provider's stock, valued at approximately $12,726,000. Prudential PLC owned approximately 0.45% of WNS as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Nuveen LLC purchased a new position in WNS during the first quarter valued at $37,321,000. Global Alpha Capital Management Ltd. purchased a new position in shares of WNS in the 1st quarter worth $217,000. Townsquare Capital LLC purchased a new position in shares of WNS in the 1st quarter worth $269,000. Neumeier Poma Investment Counsel LLC grew its stake in shares of WNS by 35.3% in the 1st 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. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of WNS by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 104,471 shares of the business services provider's stock worth $6,424,000 after buying an additional 1,117 shares in the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WNS shares. Baird R W cut shares of WNS from a "strong-buy" rating to a "hold" rating in a research note 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. Deutsche Bank Aktiengesellschaft started coverage on shares of WNS in a report on Thursday, July 17th. They issued a "hold" rating and a $76.50 target price for the company. Jefferies Financial Group restated 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. Finally, Wall Street Zen lowered shares of WNS from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, WNS currently has an average rating of "Hold" and a consensus price target of $68.13.

WNS Stock Up 0.0%

WNS traded up $0.03 during trading on Friday, hitting $74.98. The stock had a trading volume of 896,573 shares, compared to its average volume of 1,122,147. The company has a market capitalization of $3.22 billion, a PE ratio of 20.89, a PEG ratio of 2.23 and a beta of 0.90. WNS has a twelve month low of $42.62 and a twelve month high of $75.21. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.76 and a current ratio of 1.47. The stock has a 50 day simple moving average of $69.08 and a two-hundred day simple moving average of $63.21.

WNS (NYSE:WNS - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The business services provider reported $1.02 EPS 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 22.90%. The business had revenue of $339.90 million for the quarter, compared to the consensus estimate of $323.13 million. During the same period in the prior year, the firm earned $0.93 EPS. The business's revenue for the quarter was up 9.5% on a year-over-year basis. On average, research analysts predict that WNS will post 3.8 earnings per share 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.