Russell Investments Group Ltd. increased its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 21.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 319,498 shares of the business services provider’s stock after acquiring an additional 57,253 shares during the period. Russell Investments Group Ltd. owned approximately 0.64% of WNS worth $18,790,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. California Public Employees Retirement System grew its holdings in WNS by 32.1% during the third quarter. California Public Employees Retirement System now owns 119,672 shares of the business services provider’s stock worth $7,031,000 after acquiring an additional 29,059 shares during the period. Harbour Capital Advisors LLC grew its holdings in WNS by 53.8% during the third quarter. Harbour Capital Advisors LLC now owns 7,995 shares of the business services provider’s stock worth $470,000 after acquiring an additional 2,795 shares during the period. Origin Asset Management LLP grew its holdings in WNS by 34.9% during the third quarter. Origin Asset Management LLP now owns 189,000 shares of the business services provider’s stock worth $11,104,000 after acquiring an additional 48,900 shares during the period. WCM Investment Management LLC grew its holdings in WNS by 275.9% during the third quarter. WCM Investment Management LLC now owns 94,425 shares of the business services provider’s stock worth $5,548,000 after acquiring an additional 69,305 shares during the period. Finally, Calamos Advisors LLC grew its holdings in WNS by 0.9% during the third quarter. Calamos Advisors LLC now owns 91,718 shares of the business services provider’s stock worth $5,387,000 after acquiring an additional 859 shares during the period. 94.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:WNS remained flat at $$61.97 during midday trading on Friday. The company had a trading volume of 126,109 shares, compared to its average volume of 160,304. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.88 and a current ratio of 1.88. WNS has a fifty-two week low of $39.24 and a fifty-two week high of $65.99. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 2.05 and a beta of 1.15. The company has a fifty day simple moving average of $60.52 and a two-hundred day simple moving average of $59.58.
WNS (NYSE:WNS) last released its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.12. WNS had a return on equity of 23.57% and a net margin of 13.47%. The business had revenue of $220.70 million during the quarter, compared to analyst estimates of $216.08 million. During the same quarter last year, the company posted $0.65 EPS. WNS’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, sell-side analysts forecast that WNS will post 2.41 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on WNS from $73.00 to $72.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. Barrington Research reaffirmed a “buy” rating on shares of WNS in a report on Monday, October 28th. Zacks Investment Research reaffirmed a “buy” rating and set a $70.00 target price on shares of WNS in a report on Saturday, October 26th. Berenberg Bank initiated coverage on WNS in a report on Friday, September 13th. They set a “buy” rating and a $72.00 target price on the stock. Finally, Wedbush reiterated an “outperform” rating on shares of WNS in a research report on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $69.64.
WNS (Holdings) Limited, a business process management company, together with its subsidiaries, provides data, voice, analytical, and business transformation services worldwide. It operates through two segments, WNS Global BPM and WNS Auto Claims BPM. The company offers industry-specific services to clients primarily in insurance; travel and leisure; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; utilities; consulting and professional services; healthcare; banking and financial services; and shipping and logistics industries.
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