Seven Eight Capital LP Takes $1.21 Million Position in WNS (Holdings) Limited (NYSE:WNS)

Seven Eight Capital LP acquired a new position in shares of WNS (Holdings) Limited (NYSE:WNS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,851 shares of the business services provider’s stock, valued at approximately $1,205,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WNS. Artisan Partners Limited Partnership increased its holdings in shares of WNS by 13.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,920,291 shares of the business services provider’s stock worth $121,362,000 after buying an additional 234,139 shares in the last quarter. Acadian Asset Management LLC grew its position in WNS by 0.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,768,209 shares of the business services provider’s stock worth $89,317,000 after acquiring an additional 11,933 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in WNS by 4.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,551,716 shares of the business services provider’s stock worth $98,068,000 after purchasing an additional 71,004 shares in the last quarter. Westfield Capital Management Co. LP raised its position in WNS by 12.2% in the first quarter. Westfield Capital Management Co. LP now owns 1,170,420 shares of the business services provider’s stock valued at $59,141,000 after purchasing an additional 127,605 shares during the last quarter. Finally, Rice Hall James & Associates LLC boosted its stake in shares of WNS by 21.6% during the first quarter. Rice Hall James & Associates LLC now owns 885,809 shares of the business services provider’s stock valued at $44,760,000 after purchasing an additional 157,336 shares in the last quarter. Institutional investors own 97.36% of the company’s stock.

WNS Trading Down 2.2 %

Shares of WNS stock traded down $1.22 during trading hours on Wednesday, hitting $55.10. 282,928 shares of the company were exchanged, compared to its average volume of 505,582. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.71 and a current ratio of 1.71. WNS has a fifty-two week low of $39.85 and a fifty-two week high of $75.12. The company has a 50 day simple moving average of $52.81 and a two-hundred day simple moving average of $54.74. The firm has a market cap of $2.63 billion and a P/E ratio of 19.91.

WNS (NYSE:WNS) last posted its quarterly earnings results on Thursday, July 18th. The business services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $312.40 million during the quarter, compared to the consensus estimate of $310.49 million. WNS had a net margin of 10.52% and a return on equity of 21.60%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. Equities analysts anticipate that WNS will post 3.61 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Citigroup dropped their price objective on shares of WNS from $80.00 to $62.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Barrington Research lifted their price target on shares of WNS from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. TD Cowen lowered their price objective on WNS from $70.00 to $64.00 and set a “buy” rating for the company in a research report on Friday, April 26th. JPMorgan Chase & Co. increased their target price on shares of WNS from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Finally, StockNews.com downgraded shares of WNS from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.57.

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.