Diamond Hill Capital Management Inc. Increases Holdings in WNS (Holdings) Limited (NYSE:WNS)

Diamond Hill Capital Management Inc. grew its stake in WNS (Holdings) Limited (NYSE:WNS) by 11.9% in the second quarter, Holdings Channel reports. The fund owned 1,777,557 shares of the business services provider’s stock after purchasing an additional 188,616 shares during the period. Diamond Hill Capital Management Inc.’s holdings in WNS were worth $93,322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of WNS by 64.1% in the 2nd quarter. GAMMA Investing LLC now owns 635 shares of the business services provider’s stock worth $33,000 after acquiring an additional 248 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of WNS in the 1st quarter worth $38,000. Parallel Advisors LLC increased its stake in shares of WNS by 30.4% in the 4th quarter. Parallel Advisors LLC now owns 841 shares of the business services provider’s stock worth $53,000 after acquiring an additional 196 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in shares of WNS by 32.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,517 shares of the business services provider’s stock worth $77,000 after acquiring an additional 368 shares during the last quarter. Finally, Cape Investment Advisory Inc. acquired a new stake in shares of WNS in the 4th quarter worth $100,000. 97.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WNS has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their target price on WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Needham & Company LLC increased their price target on WNS from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Barrington Research reiterated an “outperform” rating and set a $70.00 price target on shares of WNS in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.43.

WNS Stock Performance

Shares of WNS stock opened at $57.50 on Friday. 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 capitalization of $2.75 billion and a price-to-earnings ratio of 20.32. The business has a 50-day moving average of $57.60 and a 200 day moving average of $53.34. WNS has a 12 month low of $39.85 and a 12 month high of $74.54.

WNS (NYSE:WNS) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. WNS had a net margin of 10.52% and a return on equity of 22.05%. The business had revenue of $312.40 million during the quarter, compared to analyst estimates of $310.49 million. During the same quarter last year, the firm posted $0.76 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, sell-side 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.