WNS (Holdings) Limited $WNS Shares Bought by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC significantly increased its stake in WNS (Holdings) Limited by acquiring an additional 555,339 shares, raising their total holdings to 568,206 shares.
• WNS reported a strong earnings performance for the quarter, with $1.02 earnings per share, exceeding analysts' expectations of $0.97, alongside a revenue increase of 9.5% year-over-year.
• Several analysts have downgraded WNS, with William Blair and Barrington Research reducing their ratings to "hold", indicating a shift in market sentiment towards the stock.

Voya Investment Management LLC grew its stake in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 4,316.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 568,206 shares of the business services provider's stock after buying an additional 555,339 shares during the quarter. Voya Investment Management LLC owned approximately 1.22% of WNS worth $34,939,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Westfield Capital Management Co. LP bought a new position in WNS during the first quarter valued at approximately $51,712,000. Nuveen LLC purchased a new position in shares of WNS in the first quarter valued at $37,321,000. MetLife Investment Management LLC grew its holdings in shares of WNS by 1,160.1% in the first quarter. MetLife Investment Management LLC now owns 322,258 shares of the business services provider's stock valued at $19,816,000 after purchasing an additional 296,683 shares in the last quarter. Wellington Management Group LLP bought a new stake in WNS during the first quarter worth approximately $13,722,000. Finally, Prudential PLC bought a new stake in WNS during the first quarter worth approximately $12,726,000. Institutional investors own 97.36% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on WNS shares. Deutsche Bank Aktiengesellschaft started coverage on WNS in a research note on Thursday, July 17th. They set a "hold" rating and a $76.50 price objective on the stock. Wall Street Zen cut WNS from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Barrington Research lowered WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Jefferies Financial Group restated a "hold" rating and set a $76.50 target price (down previously from $80.00) on shares of WNS in a research report on Tuesday, July 8th. Finally, William Blair lowered WNS from a "strong-buy" rating to a "market perform" rating in a research report on Monday, July 7th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $67.43.

WNS Stock Up 0.1%

NYSE:WNS traded up $0.07 during trading hours on Monday, reaching $75.70. The company's stock had a trading volume of 504,787 shares, compared to its average volume of 573,963. The company has a market capitalization of $3.25 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 2.25 and a beta of 0.91. WNS has a 12 month low of $42.62 and a 12 month high of $75.84. 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 stock has a 50 day moving average price of $75.09 and a two-hundred day moving average price of $65.70.

WNS (NYSE:WNS - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The business services provider reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.05. The company had revenue of $339.90 million during the quarter, compared to the consensus estimate of $323.13 million. WNS had a net margin of 12.11% and a return on equity of 22.90%. WNS's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 earnings per share. 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.