California Public Employees Retirement System reduced its stake in WNS (Holdings) Limited (NYSE:WNS) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,216 shares of the business services provider’s stock after selling 5,326 shares during the quarter. California Public Employees Retirement System owned about 0.25% of WNS worth $5,721,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Gravity Wealth Inc. bought a new stake in shares of WNS in the 1st quarter worth approximately $136,000. Optimum Investment Advisors bought a new stake in shares of WNS in the 1st quarter worth approximately $154,000. Castleark Management LLC bought a new stake in shares of WNS in the 4th quarter worth approximately $217,000. Capital Fund Management S.A. boosted its position in shares of WNS by 33.8% in the 4th 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. Finally, Employees Retirement System of Texas bought a new stake in shares of WNS in the 1st quarter worth approximately $446,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on WNS shares. ValuEngine raised WNS from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. Barrington Research reaffirmed a “buy” rating and issued a $53.00 price objective on shares of WNS in a research report on Friday, March 2nd. Zacks Investment Research raised WNS from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Thursday, March 8th. Finally, Loop Capital upped their price objective on WNS to $57.00 and gave the company a “buy” rating in a research report on Friday, April 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. WNS has a consensus rating of “Buy” and an average price target of $49.08.
WNS opened at $52.73 on Monday, Marketbeat.com reports. The company has a market capitalization of $2.65 billion, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 2.18 and a beta of 0.85. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.12. WNS has a 12-month low of $32.64 and a 12-month high of $53.88.
WNS (NYSE:WNS) last announced its earnings results on Thursday, April 26th. The business services provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The business had revenue of $198.20 million during the quarter, compared to analyst estimates of $181.94 million. WNS had a net margin of 11.40% and a return on equity of 21.54%. The company’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS. analysts forecast that WNS will post 1.85 EPS for the current year.
WNS (Holdings) Limited, a business process management company, 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 the insurance; travel and leisure; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunications; utilities; consulting and professional services; healthcare; banking and financial services; and shipping and logistics industries.
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