Verition Fund Management LLC Makes New Investment in WNS (Holdings) Limited (NYSE:WNS)

Verition Fund Management LLC purchased a new position in shares of WNS (Holdings) Limited (NYSE:WNS) during the 3rd quarter, HoldingsChannel reports. The firm purchased 7,444 shares of the business services provider’s stock, valued at approximately $392,000.

Several other large investors also recently bought and sold shares of the stock. Legato Capital Management LLC increased its holdings in shares of WNS by 2.9% in the 2nd quarter. Legato Capital Management LLC now owns 9,156 shares of the business services provider’s stock valued at $481,000 after acquiring an additional 259 shares during the last quarter. BKM Wealth Management LLC increased its holdings in shares of WNS by 2.8% in the 3rd quarter. BKM Wealth Management LLC now owns 10,972 shares of the business services provider’s stock valued at $578,000 after acquiring an additional 298 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of WNS by 228.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 364 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of WNS by 4.2% in the 3rd quarter. Verdence Capital Advisors LLC now owns 10,022 shares of the business services provider’s stock valued at $528,000 after acquiring an additional 407 shares during the last quarter. Finally, Inspire Advisors LLC increased its holdings in shares of WNS by 4.5% in the 2nd quarter. Inspire Advisors LLC now owns 13,147 shares of the business services provider’s stock valued at $690,000 after acquiring an additional 568 shares during the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

WNS Stock Performance

NYSE WNS opened at $48.35 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The business has a 50 day moving average price of $50.01 and a 200 day moving average price of $53.33. The company has a market capitalization of $2.31 billion, a P/E ratio of 18.60, a PEG ratio of 1.94 and a beta of 1.14. WNS has a 1-year low of $39.85 and a 1-year high of $72.57.

WNS (NYSE:WNS) last released its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.21. The company had revenue of $310.70 million during the quarter, compared to the consensus estimate of $313.66 million. WNS had a return on equity of 22.76% and a net margin of 9.39%. Sell-side analysts expect that WNS will post 3.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on WNS shares. TD Cowen cut WNS from a “buy” rating to a “hold” rating and decreased their target price for the company from $64.00 to $53.00 in a research report on Thursday, October 17th. JPMorgan Chase & Co. upped their target price on WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Deutsche Bank Aktiengesellschaft decreased their target price on WNS from $55.00 to $51.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Barrington Research reissued an “outperform” rating and issued a $70.00 target price on shares of WNS in a research report on Friday, October 18th. Finally, Needham & Company LLC decreased their price objective on WNS from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.