Verdence Capital Advisors LLC Takes Position in WNS (Holdings) Limited (NYSE:WNS)

Verdence Capital Advisors LLC purchased a new position in WNS (Holdings) Limited (NYSE:WNS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,588 shares of the business services provider's stock, valued at approximately $528,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WNS. Sei Investments Co. increased its stake in shares of WNS by 12.7% in the fourth quarter. Sei Investments Co. now owns 111,588 shares of the business services provider's stock worth $5,288,000 after purchasing an additional 12,601 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of WNS in the fourth quarter worth $355,000. LPL Financial LLC increased its stake in shares of WNS by 3.9% in the fourth quarter. LPL Financial LLC now owns 13,770 shares of the business services provider's stock worth $653,000 after purchasing an additional 514 shares in the last quarter. Vanguard Group Inc. grew its stake in WNS by 27.1% during the fourth quarter. Vanguard Group Inc. now owns 415,556 shares of the business services provider's stock valued at $19,693,000 after acquiring an additional 88,698 shares in the last quarter. Finally, Summit Creek Advisors LLC grew its stake in WNS by 10.9% during the fourth quarter. Summit Creek Advisors LLC now owns 333,501 shares of the business services provider's stock valued at $15,805,000 after acquiring an additional 32,897 shares in the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Baird R W cut shares of WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. 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 target price (down from $80.00) on shares of WNS in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of WNS in a research note on Thursday. They set a "hold" rating and a $76.50 target price for the company. Finally, Needham & Company LLC lowered shares of WNS from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 7th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $68.13.

WNS Trading Up 0.2%

Shares of WNS stock traded up $0.18 during trading on Friday, hitting $74.78. The stock had a trading volume of 1,901,480 shares, compared to its average volume of 822,555. The firm's fifty day simple moving average is $61.90 and its 200-day simple moving average is $59.68. The stock has a market cap of $3.47 billion, a PE ratio of 20.10, a PEG ratio of 2.15 and a beta of 0.93. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.76. WNS has a 12 month low of $42.62 and a 12 month high of $74.96.

WNS (NYSE:WNS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.04. WNS had a net margin of 12.94% and a return on equity of 23.26%. The company had revenue of $336.30 million during the quarter, compared to analyst estimates of $323.62 million. During the same quarter last year, the business posted $1.12 EPS. The firm's revenue for the quarter was down .8% on a year-over-year basis. As a group, sell-side analysts expect 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.