Envestnet Asset Management Inc. Has $3.05 Million Stake in WNS (Holdings) Limited (WNS)
Envestnet Asset Management Inc. lifted its holdings in shares of WNS (Holdings) Limited (NYSE:WNS) by 6.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 83,576 shares of the business services provider’s stock after acquiring an additional 4,701 shares during the quarter. Envestnet Asset Management Inc. owned 0.17% of WNS worth $3,051,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in WNS. Goldman Sachs Group Inc. bought a new stake in WNS in the first quarter valued at about $474,000. First Trust Advisors LP increased its holdings in WNS by 57.4% in the second quarter. First Trust Advisors LP now owns 231,849 shares of the business services provider’s stock valued at $7,966,000 after buying an additional 84,515 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in WNS in the second quarter valued at about $649,000. Victory Capital Management Inc. increased its holdings in WNS by 1.5% in the second quarter. Victory Capital Management Inc. now owns 1,166,436 shares of the business services provider’s stock valued at $40,079,000 after buying an additional 16,958 shares during the last quarter. Finally, Tygh Capital Management Inc. increased its holdings in WNS by 128.7% in the second quarter. Tygh Capital Management Inc. now owns 135,970 shares of the business services provider’s stock valued at $4,672,000 after buying an additional 76,517 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of WNS (NYSE:WNS) traded up $0.22 during mid-day trading on Wednesday, reaching $40.87. The company’s stock had a trading volume of 222,600 shares, compared to its average volume of 198,439. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.37 and a current ratio of 2.37. WNS has a 12 month low of $26.20 and a 12 month high of $42.36. The firm has a market capitalization of $2,047.44, a P/E ratio of 25.89, a P/E/G ratio of 1.78 and a beta of 1.02.
WNS (NYSE:WNS) last issued its earnings results on Friday, October 27th. The business services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.04. WNS had a return on equity of 19.23% and a net margin of 7.24%. The company had revenue of $182.30 million during the quarter, compared to the consensus estimate of $175.36 million. During the same period in the previous year, the firm posted $0.42 earnings per share. WNS’s quarterly revenue was up 26.9% compared to the same quarter last year. analysts anticipate that WNS will post 1.59 earnings per share for the current fiscal year.
WNS has been the subject of several research analyst reports. Needham & Company LLC reissued a “strong-buy” rating and issued a $46.00 price objective (up from $42.00) on shares of WNS in a report on Sunday, October 29th. Zacks Investment Research raised WNS from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Thursday, November 2nd. Loop Capital reissued a “buy” rating and issued a $44.00 price objective (up from $41.00) on shares of WNS in a report on Monday, October 30th. BidaskClub upgraded WNS from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, Citigroup lifted their target price on WNS from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, October 13th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $42.83.
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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