VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Holdings in WNS (Holdings) Limited $WNS

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of WNS (Holdings) Limited (NYSE:WNS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,000 shares of the business services provider’s stock, valued at approximately $316,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pzena Investment Management LLC bought a new position in WNS during the second quarter valued at approximately $105,134,000. Diamond Hill Capital Management Inc. raised its position in WNS by 2.6% during the first quarter. Diamond Hill Capital Management Inc. now owns 1,408,501 shares of the business services provider’s stock valued at $86,609,000 after acquiring an additional 35,074 shares in the last quarter. Alliancebernstein L.P. raised its position in WNS by 3.0% during the first quarter. Alliancebernstein L.P. now owns 1,405,672 shares of the business services provider’s stock valued at $86,435,000 after acquiring an additional 41,505 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in WNS during the first quarter valued at approximately $51,712,000. Finally, Nuveen LLC bought a new position in WNS during the first quarter valued at approximately $37,321,000. Institutional investors own 97.36% of the company’s stock.

WNS Stock Down 0.6%

WNS opened at $75.98 on Friday. WNS has a fifty-two week low of $42.62 and a fifty-two week high of $76.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.47 and a quick ratio of 1.47. The firm’s fifty day moving average price is $75.88 and its two-hundred day moving average price is $68.65. The company has a market capitalization of $3.26 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.25 and a beta of 0.91.

WNS (NYSE:WNS) last posted its quarterly earnings results on Thursday, July 24th. The business services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. WNS had a net margin of 12.11% and a return on equity of 22.90%. The firm had revenue of $339.90 million for the quarter, compared to the consensus estimate of $323.13 million. During the same quarter in the previous year, the company earned $0.93 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. On average, analysts anticipate that WNS will post 3.8 EPS for the current year.

Analyst Upgrades and Downgrades

WNS has been the topic of several recent research reports. Barrington Research lowered shares of WNS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 8th. Jefferies Financial Group reiterated a “hold” rating and set a $76.50 price target (down previously from $80.00) on shares of WNS in a report on Tuesday, July 8th. Needham & Company LLC downgraded WNS from a “moderate buy” rating to a “hold” rating in a report on Monday, July 7th. Baird R W downgraded WNS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 8th. Finally, William Blair downgraded WNS from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 7th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $72.80.

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.