Westfield Capital Management Co. LP Makes New $51.71 Million Investment in WNS (Holdings) Limited (NYSE:WNS)

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 stake in WNS (Holdings) Limited (NYSE:WNS - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 840,983 shares of the business services provider's stock, valued at approximately $51,712,000. Westfield Capital Management Co. LP owned about 1.82% of WNS as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. purchased a new position in shares of WNS in the fourth quarter worth about $53,000. NBC Securities Inc. purchased a new position in shares of WNS in the first quarter worth about $96,000. KBC Group NV purchased a new position in shares of WNS in the first quarter worth about $109,000. Ironwood Wealth Management LLC. purchased a new position in shares of WNS in the first quarter worth about $209,000. Finally, Pictet Asset Management Holding SA purchased a new position in shares of WNS in the fourth quarter worth about $213,000. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

WNS Price Performance

WNS traded up $0.06 during trading on Friday, hitting $74.89. The company's stock had a trading volume of 962,581 shares, compared to its average volume of 2,152,379. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.19. WNS has a twelve month low of $42.62 and a twelve month high of $75.14. The business's fifty day simple moving average is $67.40 and its 200 day simple moving average is $62.67. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 2.22 and a beta of 0.90.

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, beating the consensus estimate of $0.97 by $0.05. The company had revenue of $339.90 million for the quarter, compared to analyst estimates of $323.13 million. WNS had a return on equity of 23.03% and a net margin of 12.11%. WNS's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. On average, equities research analysts forecast that WNS will post 3.8 EPS for the current fiscal year.

Analyst Ratings Changes

WNS has been the subject of several research analyst reports. Needham & Company LLC cut WNS from a "moderate buy" rating to a "hold" rating in a research note on Monday, July 7th. Jefferies Financial Group reiterated a "hold" rating and set a $76.50 price target (down from $80.00) on shares of WNS in a research report on Tuesday, July 8th. Wall Street Zen cut WNS from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Barrington Research cut WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Finally, William Blair cut WNS from a "strong-buy" rating to a "market perform" rating in a research report on Monday, July 7th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, WNS currently has an average rating of "Hold" and an average price target of $68.13.

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.