Acadian Asset Management LLC Has $89.68 Million Holdings in WNS (Holdings) Limited (NYSE:WNS)

Acadian Asset Management LLC trimmed its stake in shares of WNS (Holdings) Limited (NYSE:WNS) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,708,759 shares of the business services provider’s stock after selling 59,450 shares during the period. Acadian Asset Management LLC owned approximately 3.57% of WNS worth $89,683,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of WNS. Norden Group LLC lifted its holdings in WNS by 19.1% during the 2nd quarter. Norden Group LLC now owns 8,328 shares of the business services provider’s stock worth $437,000 after buying an additional 1,335 shares in the last quarter. Rhumbline Advisers raised its position in shares of WNS by 426.6% during the second quarter. Rhumbline Advisers now owns 69,021 shares of the business services provider’s stock worth $3,624,000 after acquiring an additional 55,913 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of WNS by 8.3% during the second quarter. Natixis Advisors LLC now owns 78,194 shares of the business services provider’s stock valued at $4,105,000 after acquiring an additional 5,968 shares during the period. Van ECK Associates Corp boosted its holdings in WNS by 28.6% in the second quarter. Van ECK Associates Corp now owns 5,182 shares of the business services provider’s stock valued at $272,000 after acquiring an additional 1,152 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of WNS in the 2nd quarter valued at about $329,000. 97.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on WNS. Barrington Research restated an “outperform” rating and issued a $70.00 price objective on shares of WNS in a report on Thursday, August 22nd. JPMorgan Chase & Co. increased their price target on WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Needham & Company LLC lifted their price objective on WNS from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.43.

WNS Stock Performance

WNS stock opened at $56.89 on Friday. WNS has a 1-year low of $39.85 and a 1-year high of $74.54. The business’s 50-day moving average price is $57.36 and its two-hundred day moving average price is $53.48. The firm has a market cap of $2.72 billion and a PE ratio of 20.10. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. WNS had a return on equity of 22.05% and a net margin of 10.52%. The business 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 business earned $0.76 EPS. WNS’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, research analysts forecast that WNS will post 3.72 earnings per share 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.