Pzena Investment Management LLC Invests $105.13 Million in WNS (Holdings) Limited $WNS

Key Points

• Pzena Investment Management LLC invested $105.13 million to acquire 1,662,463 shares of WNS (Holdings) Limited, representing approximately 3.58% ownership.
• WNS reported $1.02 earnings per share (EPS) for the last quarter, exceeding the consensus estimate by $0.05, and revenue increased by 9.5% year-over-year.
• Recent analyst actions include multiple ratings downgrades, with current consensus being a "Hold" rating and a target price of $67.43.

Pzena Investment Management LLC bought a new position in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,662,463 shares of the business services provider's stock, valued at approximately $105,134,000. Pzena Investment Management LLC owned about 3.58% of WNS as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of WNS. Allspring Global Investments Holdings LLC raised its stake in WNS by 15.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 599,748 shares of the business services provider's stock worth $37,928,000 after purchasing an additional 81,015 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in shares of WNS during the 2nd quarter worth approximately $304,000. JB Capital LLC grew its position in shares of WNS by 4.6% during the 2nd quarter. JB Capital LLC now owns 38,942 shares of the business services provider's stock worth $2,463,000 after purchasing an additional 1,702 shares in the last quarter. KLP Kapitalforvaltning AS grew its position in shares of WNS by 9.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 8,200 shares of the business services provider's stock worth $519,000 after purchasing an additional 700 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in shares of WNS by 4,316.0% during the 1st quarter. Voya Investment Management LLC now owns 568,206 shares of the business services provider's stock worth $34,939,000 after purchasing an additional 555,339 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company's stock.

WNS Trading Up 0.0%

Shares of WNS stock opened at $76.33 on Monday. The firm has a market capitalization of $3.27 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.25 and a beta of 0.91. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.18. The firm's 50 day moving average is $75.64 and its 200 day moving average is $67.73. WNS has a 1 year low of $42.62 and a 1 year high of $76.39.

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 (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.05. The company 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 firm's revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 EPS. Equities research analysts forecast that WNS will post 3.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on WNS shares. William Blair lowered shares of WNS from a "strong-buy" rating to a "market perform" rating in a research report on Monday, July 7th. Baird R W lowered shares of WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Weiss Ratings restated a "hold (c)" rating on shares of WNS in a research report on Wednesday, October 8th. Needham & Company LLC lowered shares of WNS from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 7th. Finally, Barrington Research cut shares of WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $67.43.

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.

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