Royce & Associates LP Purchases 9,900 Shares of WNS (Holdings) Limited (NYSE:WNS)

Royce & Associates LP raised its stake in WNS (Holdings) Limited (NYSE:WNS) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 292,011 shares of the business services provider’s stock after acquiring an additional 9,900 shares during the quarter. Royce & Associates LP owned approximately 0.61% of WNS worth $15,392,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its stake in WNS by 406.0% in the second quarter. Harbor Capital Advisors Inc. now owns 36,948 shares of the business services provider’s stock valued at $1,940,000 after acquiring an additional 29,646 shares during the last quarter. Seven Eight Capital LP purchased a new position in WNS in the first quarter valued at about $1,205,000. William Blair Investment Management LLC boosted its stake in WNS by 8.3% in the second quarter. William Blair Investment Management LLC now owns 347,511 shares of the business services provider’s stock valued at $18,244,000 after acquiring an additional 26,648 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in shares of WNS by 17.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 377,825 shares of the business services provider’s stock valued at $19,915,000 after buying an additional 55,306 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of WNS by 11.9% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 1,777,557 shares of the business services provider’s stock valued at $93,322,000 after buying an additional 188,616 shares in the last quarter. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

WNS Price Performance

Shares of NYSE:WNS opened at $50.52 on Friday. The firm has a fifty day moving average price of $51.15 and a two-hundred day moving average price of $52.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. WNS has a one year low of $39.85 and a one year high of $72.57.

WNS (NYSE:WNS) last announced its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.78 by $0.21. WNS had a net margin of 9.39% and a return on equity of 22.76%. The firm had revenue of $310.70 million during the quarter, compared to the consensus estimate of $313.66 million. As a group, equities analysts anticipate that WNS will post 3.52 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Needham & Company LLC dropped their price target on shares of WNS from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. TD Cowen cut shares of WNS from a “buy” rating to a “hold” rating and dropped their price target for the company from $64.00 to $53.00 in a research note on Thursday, October 17th. Citigroup set a $55.00 price target on shares of WNS in a research note on Thursday, October 17th. JPMorgan Chase & Co. upped their price target on shares of WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, Barrington Research restated an “outperform” rating and set a $70.00 price target on shares of WNS in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $60.33.

WNS Company Profile

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through TSLU, MRHP, HCLS, and BFSI segments. It engages in diversified business, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure, utilities, shipping, and logistics; healthcare and life sciences; banking, financial services, and insurance; and Hi-tech and professional services, as well as procurement.