Strs Ohio Takes $332,000 Position in WNS (Holdings) Limited $WNS

Key Points

• Strs Ohio has acquired a new position in WNS (Holdings) Limited, purchasing 5,400 shares valued at approximately $332,000.
• Recent changes among analysts have resulted in WNS being downgraded from "strong-buy" to "hold" by firms including William Blair and Baird R W.
• WNS reported earnings of $1.02 EPS for the last quarter, exceeding analysts' expectations of $0.97, with revenue rising 9.5% year-over-year to $339.90 million.

Strs Ohio acquired a new position in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,400 shares of the business services provider's stock, valued at approximately $332,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Quarry LP bought a new position in shares of WNS in the 1st quarter worth about $47,000. NBC Securities Inc. acquired a new stake in WNS during the first quarter worth about $96,000. KBC Group NV bought a new position in WNS in the first quarter worth about $109,000. Ironwood Wealth Management LLC. bought a new position in WNS in the first quarter worth about $209,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in WNS in the first quarter valued at approximately $216,000. Institutional investors and hedge funds own 97.36% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WNS. William Blair cut WNS from a "strong-buy" rating to a "market perform" rating in a research report on Monday, July 7th. Baird R W lowered WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft assumed coverage on WNS in a research note on Thursday, July 17th. They issued a "hold" rating and a $76.50 target price on the stock. Wall Street Zen cut shares of WNS from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Jefferies Financial Group reissued a "hold" rating and set a $76.50 target price (down from $80.00) on shares of WNS in a research note on Tuesday, July 8th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, WNS currently has an average rating of "Hold" and an average price target of $67.43.

WNS Stock Down 0.2%

WNS opened at $76.06 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $3.26 billion, a PE ratio of 21.19, a P/E/G ratio of 2.26 and a beta of 0.91. The stock's fifty day moving average is $75.25 and its 200-day moving average is $66.43. WNS has a one year low of $42.62 and a one year high of $76.30.

WNS (NYSE:WNS - Get Free Report) last released its earnings results on Thursday, July 24th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.05. WNS had a return on equity of 22.90% and a net margin of 12.11%.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 previous year, the company earned $0.93 earnings per share. WNS's revenue was up 9.5% compared to the same quarter last year. On average, equities analysts predict that WNS will post 3.8 EPS for the current fiscal 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.

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