The Manufacturers Life Insurance Company Invests $876,000 in WNS (Holdings) Limited (NYSE:WNS)

The Manufacturers Life Insurance Company bought a new stake in WNS (Holdings) Limited (NYSE:WNS) in the 2nd quarter, Holdings Channel reports. The firm bought 16,690 shares of the business services provider’s stock, valued at approximately $876,000.

A number of other institutional investors have also added to or reduced their stakes in WNS. Employees Retirement System of Texas grew its position in shares of WNS by 33.7% in the 2nd quarter. Employees Retirement System of Texas now owns 12,596 shares of the business services provider’s stock valued at $661,000 after acquiring an additional 3,172 shares during the period. Bank of Montreal Can acquired a new position in WNS during the second quarter worth approximately $922,000. EverSource Wealth Advisors LLC raised its stake in WNS by 228.9% in the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock valued at $27,000 after buying an additional 364 shares during the period. Amalgamated Bank acquired a new stake in shares of WNS in the second quarter valued at approximately $84,000. Finally, Diamond Hill Capital Management Inc. increased its holdings in shares of WNS by 11.9% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 1,777,557 shares of the business services provider’s stock worth $93,322,000 after acquiring an additional 188,616 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WNS. JPMorgan Chase & Co. raised their price target on WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Barrington Research restated an “outperform” rating and set a $70.00 price objective on shares of WNS in a report on Thursday, August 22nd. Finally, Needham & Company LLC upped their price target 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

WNS Stock Performance

Shares of WNS stock opened at $47.64 on Monday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.28 billion and a PE ratio of 16.77. The company has a 50 day moving average of $55.50 and a 200-day moving average of $52.85. WNS has a 1-year low of $39.85 and a 1-year high of $72.57.

WNS (NYSE:WNS) last released 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. WNS had a return on equity of 22.05% and a net margin of 10.52%. The firm had revenue of $312.40 million during the quarter, compared to analysts’ expectations of $310.49 million. During the same period in the prior year, the company earned $0.76 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts forecast that WNS will post 3.71 earnings per share for the current fiscal 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.