Verdence Capital Advisors LLC Grows Position in WNS (Holdings) Limited $WNS

Verdence Capital Advisors LLC increased its position in WNS (Holdings) Limited (NYSE:WNS) by 6.1% in the second quarter, HoldingsChannel reports. The firm owned 9,111 shares of the business services provider’s stock after purchasing an additional 523 shares during the quarter. Verdence Capital Advisors LLC’s holdings in WNS were worth $576,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in shares of WNS by 3.5% in the 1st quarter. Principal Financial Group Inc. now owns 157,659 shares of the business services provider’s stock valued at $9,694,000 after purchasing an additional 5,333 shares during the period. KBC Group NV purchased a new position in shares of WNS in the 1st quarter valued at approximately $109,000. Voya Investment Management LLC lifted its stake in shares of WNS by 4,316.0% in the 1st quarter. Voya Investment Management LLC now owns 568,206 shares of the business services provider’s stock valued at $34,939,000 after purchasing an additional 555,339 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of WNS by 13.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 65,188 shares of the business services provider’s stock valued at $4,008,000 after purchasing an additional 7,671 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in shares of WNS in the 1st quarter valued at approximately $357,000. Hedge funds and other institutional investors own 97.36% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. William Blair cut WNS from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 7th. Baird R W lowered WNS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WNS in a research report on Wednesday, October 8th. Wall Street Zen lowered WNS from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Finally, Needham & Company LLC lowered WNS from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $67.43.

WNS Trading Up 0.1%

Shares of NYSE:WNS opened at $76.35 on Wednesday. The company has a market cap of $3.27 billion, a P/E ratio of 21.27, a PEG ratio of 2.25 and a beta of 0.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.47 and a quick ratio of 1.47. WNS has a 1 year low of $42.62 and a 1 year high of $76.39. The stock’s fifty day moving average price is $75.70 and its 200-day moving average price is $67.89.

WNS (NYSE:WNS) last announced its quarterly earnings results on Thursday, July 24th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. The firm had revenue of $339.90 million for the quarter, compared to the consensus estimate of $323.13 million. WNS had a return on equity of 22.90% and a net margin of 12.11%.The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. Sell-side analysts expect that WNS will post 3.8 earnings per share for the current year.

WNS 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.