Oppenheimer Asset Management Inc. Increases Position in WNS (Holdings) Limited (NYSE:WNS)

Oppenheimer Asset Management Inc. lifted its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 22.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,663 shares of the business services provider’s stock after purchasing an additional 1,983 shares during the period. Oppenheimer Asset Management Inc.’s holdings in WNS were worth $560,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WNS. Harbor Capital Advisors Inc. boosted its position in shares of WNS by 406.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 36,948 shares of the business services provider’s stock worth $1,940,000 after acquiring an additional 29,646 shares in the last quarter. Congress Wealth Management LLC DE boosted its holdings in WNS by 39.3% in the first quarter. Congress Wealth Management LLC DE now owns 105,935 shares of the business services provider’s stock valued at $5,091,000 after purchasing an additional 29,911 shares in the last quarter. Seven Eight Capital LP acquired a new position in WNS in the first quarter valued at approximately $1,205,000. William Blair Investment Management LLC increased 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 purchasing an additional 26,648 shares during the last quarter. Finally, JB Capital LLC acquired a new stake in WNS during the second quarter worth approximately $1,422,000. Institutional investors and hedge funds own 97.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Needham & Company LLC upped 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. Finally, Barrington Research reaffirmed an “outperform” rating and set a $70.00 price objective on shares of WNS in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $63.83.

WNS Stock Down 1.6 %

Shares of NYSE:WNS opened at $54.64 on Friday. WNS has a 1-year low of $39.85 and a 1-year high of $74.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market cap of $2.61 billion and a P/E ratio of 19.31. The firm has a fifty day moving average price of $57.67 and a 200 day moving average price of $53.27.

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

About WNS

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.