Amalgamated Bank Acquires New Holdings in WNS (Holdings) Limited (NYSE:WNS)

Amalgamated Bank bought a new position in WNS (Holdings) Limited (NYSE:WNS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,604 shares of the business services provider’s stock, valued at approximately $84,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its position in WNS by 84.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 591,052 shares of the business services provider’s stock worth $31,030,000 after acquiring an additional 270,117 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in WNS by 11.9% during the second quarter. Diamond Hill Capital Management Inc. now owns 1,777,557 shares of the business services provider’s stock worth $93,322,000 after buying an additional 188,616 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in WNS by 478.1% during the second quarter. Bank of New York Mellon Corp now owns 154,725 shares of the business services provider’s stock valued at $8,123,000 after buying an additional 127,960 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of WNS by 12.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,170,420 shares of the business services provider’s stock valued at $59,141,000 after acquiring an additional 127,605 shares during the last quarter. Finally, Congress Asset Management Co. MA boosted its holdings in WNS by 19.5% during the first quarter. Congress Asset Management Co. MA now owns 616,324 shares of the business services provider’s stock valued at $31,143,000 after acquiring an additional 100,563 shares during the period. 97.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WNS. Needham & Company LLC increased their price objective on shares of WNS from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Barrington Research reiterated an “outperform” rating and issued a $70.00 price objective on shares of WNS in a research note on Thursday, August 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.83.

WNS Price Performance

WNS stock opened at $51.00 on Wednesday. The firm has a market capitalization of $2.44 billion and a P/E ratio of 18.02. WNS has a 1 year low of $39.85 and a 1 year high of $74.54. The business has a 50-day moving average of $56.96 and a 200-day moving average of $53.04. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.23.

WNS (NYSE:WNS) last posted its earnings results on Thursday, July 18th. The business services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. The company had revenue of $312.40 million for the quarter, compared to the consensus estimate of $310.49 million. WNS had a return on equity of 22.05% and a net margin of 10.52%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. On average, equities analysts anticipate that WNS will post 3.72 EPS for the current year.

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.