Meritage Portfolio Management reduced its stake in shares of WNS (Holdings) Limited (NYSE:WNS) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 190,746 shares of the business services provider’s stock after selling 2,668 shares during the period. Meritage Portfolio Management owned 0.38% of WNS (Holdings) Limited worth $6,554,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its stake in WNS (Holdings) Limited by 46.8% in the first quarter. Acadian Asset Management LLC now owns 1,358,337 shares of the business services provider’s stock valued at $38,862,000 after buying an additional 433,104 shares during the last quarter. Kennedy Capital Management Inc. boosted its position in shares of WNS (Holdings) Limited by 81.5% in the first quarter. Kennedy Capital Management Inc. now owns 716,000 shares of the business services provider’s stock worth $20,485,000 after buying an additional 321,452 shares in the last quarter. Neumeier Poma Investment Counsel LLC boosted its position in shares of WNS (Holdings) Limited by 44.3% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 1,004,750 shares of the business services provider’s stock worth $28,746,000 after buying an additional 308,565 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of WNS (Holdings) Limited during the first quarter worth approximately $8,740,000. Finally, Alliancebernstein L.P. acquired a new position in shares of WNS (Holdings) Limited during the first quarter worth approximately $6,959,000. Institutional investors and hedge funds own 86.78% of the company’s stock.
Shares of WNS (NYSE:WNS) opened at 35.62 on Monday. The stock’s 50 day moving average is $33.90 and its 200 day moving average is $30.95. WNS has a 12-month low of $24.82 and a 12-month high of $36.07. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 44.58 and a beta of 0.97.
WNS (Holdings) Limited (NYSE:WNS) last issued its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. WNS (Holdings) Limited had a net margin of 6.66% and a return on equity of 18.73%. The company had revenue of $175.30 million during the quarter, compared to the consensus estimate of $162.73 million. During the same quarter in the prior year, the firm posted $0.45 EPS. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. Equities analysts expect that WNS will post $1.99 earnings per share for the current year.
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WNS has been the subject of a number of analyst reports. Maxim Group set a $38.00 price target on shares of WNS (Holdings) Limited and gave the stock a “buy” rating in a research note on Thursday, April 27th. Zacks Investment Research upgraded shares of WNS (Holdings) Limited from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Friday, May 5th. Cowen and Company upgraded shares of WNS (Holdings) Limited from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Wednesday, June 14th. BidaskClub upgraded shares of WNS (Holdings) Limited from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $38.00 price target on shares of WNS (Holdings) Limited in a research note on Thursday, June 29th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. WNS (Holdings) Limited presently has a consensus rating of “Buy” and an average target price of $38.27.
About WNS (Holdings) Limited
WNS (Holdings) Limited is a global provider of business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company’s segments include WNS Global BPM and WNS Auto Claims BPM. Its operating segments include travel, insurance, banking and financial services, healthcare, utilities, retail and consumer products groups, auto claims and others.
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