UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases New Stake in WNS (Holdings) Limited (NYSE:WNS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in WNS (Holdings) Limited (NYSE:WNS) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 29,200 shares of the business services provider’s stock, valued at approximately $1,539,000.

Several other hedge funds have also recently bought and sold shares of WNS. Legato Capital Management LLC grew its position in WNS by 2.9% in the second 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 in the last quarter. BKM Wealth Management LLC grew its position in WNS by 2.8% in the third 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 in the last quarter. EverSource Wealth Advisors LLC grew its position 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 acquiring an additional 364 shares in the last quarter. Verdence Capital Advisors LLC grew its position in WNS by 4.2% in the third 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 in the last quarter. Finally, Inspire Advisors LLC grew its position in WNS by 4.5% in the second 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 in the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WNS shares. Citigroup set a $55.00 price objective on shares of WNS in a research report on Thursday, October 17th. TD Cowen downgraded shares of WNS from a “buy” rating to a “hold” rating and lowered their price objective for the company from $64.00 to $53.00 in a research report on Thursday, October 17th. Needham & Company LLC lowered their price objective on shares of WNS from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, October 18th. JPMorgan Chase & Co. raised their price target on shares of WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, Barrington Research reissued an “outperform” rating and set a $70.00 price target on shares of WNS in a research report on Friday, October 18th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $60.33.

WNS Stock Down 2.3 %

WNS stock opened at $47.46 on Tuesday. WNS has a twelve month low of $39.85 and a twelve month high of $72.57. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.27 billion, a P/E ratio of 18.25, a PEG ratio of 1.93 and a beta of 1.14. The firm has a 50 day simple moving average of $49.94 and a 200-day simple moving average of $53.29.

WNS (NYSE:WNS) last announced its quarterly earnings data on Thursday, October 17th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.21. WNS had a return on equity of 22.76% and a net margin of 9.39%. The firm had revenue of $310.70 million for the quarter, compared to analysts’ expectations of $313.66 million. On average, equities research analysts predict that WNS will post 3.52 earnings per share for the current fiscal 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.