Townsquare Capital LLC Acquires Shares of 4,372 WNS (Holdings) Limited $WNS

Key Points

• Townsquare Capital LLC acquired a new position in WNS (Holdings) Limited, purchasing 4,372 shares valued at approximately $269,000.
• WNS reported earnings per share of $1.02 for the last quarter, exceeding analysts' expectations of $0.97, and achieved revenue of $339.90 million, up 9.5% from the previous year.
• Investment analysts have downgraded WNS shares from "buy" ratings to "hold" ratings, with an average target price now set at $68.13.

Townsquare Capital LLC bought a new stake in WNS (Holdings) Limited (NYSE:WNS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,372 shares of the business services provider's stock, valued at approximately $269,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of WNS. Hhlr Advisors LTD. bought a new position in WNS during the fourth quarter worth about $72,576,000. Westfield Capital Management Co. LP bought a new position in WNS during the first quarter worth about $51,712,000. Voloridge Investment Management LLC bought a new position in WNS during the fourth quarter worth about $7,813,000. Neumeier Poma Investment Counsel LLC grew its holdings in WNS by 35.3% during the first quarter. Neumeier Poma Investment Counsel LLC now owns 488,103 shares of the business services provider's stock worth $30,013,000 after purchasing an additional 127,445 shares during the period. Finally, Vise Technologies Inc. bought a new position in WNS during the fourth quarter worth about $4,310,000. Institutional investors own 97.36% of the company's stock.

WNS Price Performance

Shares of WNS stock traded up $0.1250 during trading on Monday, hitting $75.5050. The company had a trading volume of 393,711 shares, compared to its average volume of 814,361. 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 firm has a market capitalization of $3.24 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 2.24 and a beta of 0.90. The stock's 50-day moving average price is $70.92 and its 200 day moving average price is $63.87. WNS has a one year low of $42.62 and a one year high of $75.58.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on WNS shares. Wall Street Zen cut WNS from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Barrington Research cut WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Baird R W cut WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Needham & Company LLC cut WNS from a "moderate buy" rating to a "hold" rating in a report on Monday, July 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on WNS in a report on Thursday, July 17th. They set a "hold" rating and a $76.50 price objective for the company. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, WNS currently has a consensus rating of "Hold" and an average 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.