Meadow Creek Investment Management LLC reduced its stake in WNS (Holdings) Limited (NYSE:WNS) by 11.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 115,294 shares of the business services provider’s stock after selling 14,348 shares during the quarter. Meadow Creek Investment Management LLC owned approximately 0.23% of WNS worth $4,627,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of WNS. Trexquant Investment LP bought a new stake in WNS in the third quarter valued at $210,000. Advisor Group Inc. boosted its stake in WNS by 731.2% in the third quarter. Advisor Group Inc. now owns 6,417 shares of the business services provider’s stock worth $234,000 after purchasing an additional 5,645 shares in the last quarter. Capital Fund Management S.A. boosted its stake in WNS by 33.8% in the fourth quarter. Capital Fund Management S.A. now owns 9,500 shares of the business services provider’s stock worth $381,000 after purchasing an additional 2,400 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in WNS in the third quarter worth $587,000. Finally, JPMorgan Chase & Co. boosted its stake in WNS by 2,604.7% in the third quarter. JPMorgan Chase & Co. now owns 16,228 shares of the business services provider’s stock worth $589,000 after purchasing an additional 15,628 shares in the last quarter. 86.42% of the stock is currently owned by institutional investors.
WNS has been the topic of several research reports. Robert W. Baird reaffirmed a “buy” rating and set a $46.00 price target on shares of WNS in a research note on Thursday, December 21st. Cantor Fitzgerald reissued a “buy” rating and issued a $52.00 target price on shares of WNS in a research note on Sunday, January 21st. Zacks Investment Research lowered WNS from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. ValuEngine downgraded WNS from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, Loop Capital increased their price target on WNS to $50.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $48.23.
NYSE:WNS traded down $0.64 during mid-day trading on Friday, hitting $45.76. 232,860 shares of the stock were exchanged, compared to its average volume of 194,103. The stock has a market cap of $2,334.01, a P/E ratio of 30.92, a PEG ratio of 1.78 and a beta of 0.86. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.16. WNS has a fifty-two week low of $27.69 and a fifty-two week high of $48.26.
WNS (NYSE:WNS) last posted its quarterly earnings data on Thursday, January 18th. The business services provider reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.06. WNS had a return on equity of 20.19% and a net margin of 7.96%. The firm had revenue of $185.20 million for the quarter, compared to analyst estimates of $175.85 million. During the same quarter last year, the company earned $0.49 EPS. The company’s revenue was up 32.5% on a year-over-year basis. sell-side analysts forecast that WNS will post 1.73 EPS for the current year.
WNS declared that its Board of Directors has initiated a stock buyback plan on Thursday, January 18th that allows the company to repurchase 3,300,000 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
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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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