Cubist Systematic Strategies LLC reduced its stake in WNS (Holdings) Limited (NYSE:WNS) by 48.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,474 shares of the business services provider’s stock after selling 8,895 shares during the period. Cubist Systematic Strategies LLC’s holdings in WNS were worth $494,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. FMR LLC boosted its stake in shares of WNS by 8.7% during the second quarter. FMR LLC now owns 4,719,745 shares of the business services provider’s stock valued at $246,276,000 after purchasing an additional 377,342 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of WNS during the second quarter valued at approximately $96,147,000. Summit Trail Advisors LLC boosted its stake in shares of WNS by 4,043.2% during the first quarter. Summit Trail Advisors LLC now owns 1,081,636 shares of the business services provider’s stock valued at $1,082,000 after purchasing an additional 1,055,530 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of WNS by 4.8% during the second quarter. Victory Capital Management Inc. now owns 952,339 shares of the business services provider’s stock valued at $49,693,000 after purchasing an additional 43,760 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of WNS by 187.7% during the second quarter. Wells Fargo & Company MN now owns 842,499 shares of the business services provider’s stock valued at $43,962,000 after purchasing an additional 549,655 shares in the last quarter. Institutional investors and hedge funds own 86.88% of the company’s stock.

NYSE:WNS opened at $50.73 on Friday. WNS has a 52 week low of $35.94 and a 52 week high of $54.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 1.91. The company has a market cap of $2.52 billion, a P/E ratio of 28.03, a PEG ratio of 2.11 and a beta of 0.73.

WNS (NYSE:WNS) last posted its earnings results on Thursday, July 19th. The business services provider reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.08. WNS had a net margin of 11.84% and a return on equity of 22.42%. The company had revenue of $196.00 million during the quarter, compared to analysts’ expectations of $193.79 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. WNS’s revenue for the quarter was up 11.8% compared to the same quarter last year. equities analysts anticipate that WNS will post 1.89 EPS for the current fiscal year.

WNS has been the topic of a number of recent research reports. Citigroup increased their price objective on shares of WNS from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Loop Capital increased their price objective on shares of WNS to $60.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Barrington Research set a $57.00 price objective on shares of WNS and gave the company a “buy” rating in a research note on Tuesday, July 17th. Zacks Investment Research upgraded shares of WNS from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Sunday, July 15th. Finally, ValuEngine downgraded shares of WNS from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 24th. Two 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 stock presently has a consensus rating of “Buy” and an average price target of $52.55.

WNS Company Profile

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.

See Also: Return on Equity (ROE)

Institutional Ownership by Quarter for WNS (NYSE:WNS)

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