840,983 Shares in WNS (Holdings) Limited (NYSE:WNS) Purchased by Westfield Capital Management Co. LP

Key Points

• Westfield Capital Management Co. LP has acquired a new stake in WNS (Holdings) Limited, purchasing 840,983 shares valued at approximately $51.7 million.
• WNS reported a quarterly EPS of $1.02, exceeding analysts' expectations of $0.97 and showing a 9.5% revenue increase compared to the same quarter last year.
• Research analysts have issued mixed ratings on WNS, with the stock currently holding a consensus rating of "Hold" and an average price target of $68.13.

Westfield Capital Management Co. LP purchased a new position in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 840,983 shares of the business services provider's stock, valued at approximately $51,712,000. Westfield Capital Management Co. LP owned 1.82% of WNS at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WNS. PNC Financial Services Group Inc. acquired a new position in WNS in the first quarter valued at $341,000. Natixis Advisors LLC raised its holdings in shares of WNS by 2.8% in the first quarter. Natixis Advisors LLC now owns 54,545 shares of the business services provider's stock valued at $3,354,000 after buying an additional 1,507 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in WNS during the 1st quarter worth approximately $390,000. Cetera Investment Advisers lifted its holdings in shares of WNS by 11.6% during the first quarter. Cetera Investment Advisers now owns 5,731 shares of the business services provider's stock worth $352,000 after purchasing an additional 597 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of WNS by 2.6% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,408,501 shares of the business services provider's stock worth $86,609,000 after acquiring an additional 35,074 shares during the period. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Baird R W downgraded shares of WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Barrington Research downgraded shares of WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of WNS in a research note on Thursday, July 17th. They set a "hold" rating and a $76.50 price objective for the company. Needham & Company LLC lowered WNS from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 7th. Finally, Wall Street Zen lowered shares of WNS from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $68.13.

WNS Price Performance

Shares of NYSE:WNS traded up $0.06 during trading hours on Friday, hitting $74.89. 962,581 shares of the company's stock traded hands, compared to its average volume of 1,141,231. WNS has a 52 week low of $42.62 and a 52 week high of $75.14. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company's fifty day simple moving average is $67.07 and its two-hundred day simple moving average is $62.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.76 and a current ratio of 1.76.

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 for the quarter, topping analysts' consensus estimates of $0.97 by $0.05. The firm had revenue of $339.90 million for the quarter, compared to analysts' expectations of $323.13 million. WNS had a return on equity of 23.03% and a net margin of 12.11%. WNS's revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. As a group, equities analysts anticipate 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.