Tower Research Capital LLC TRC acquired a new stake in shares of WNS (Holdings) Limited (NYSE:WNS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,625 shares of the business services provider’s stock, valued at approximately $155,000.
Several other large investors have also added to or reduced their stakes in WNS. Advisors Preferred LLC bought a new stake in WNS in the 2nd quarter valued at approximately $52,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in WNS in the 2nd quarter valued at approximately $197,000. HighTower Advisors LLC bought a new stake in WNS in the 2nd quarter valued at approximately $203,000. Diversified Trust Co bought a new stake in WNS in the 1st quarter valued at approximately $211,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in WNS by 2,388.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 5,001 shares of the business services provider’s stock valued at $266,000 after acquiring an additional 4,800 shares in the last quarter. Institutional investors and hedge funds own 94.34% of the company’s stock.
Several equities research analysts have commented on WNS shares. Berenberg Bank assumed coverage on WNS in a research note on Friday, September 13th. They issued a “buy” rating and a $72.00 target price on the stock. Cantor Fitzgerald boosted their price target on WNS from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Barrington Research boosted their price target on WNS from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Zacks Investment Research raised WNS from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Wednesday, September 18th. Finally, Cowen boosted their price target on WNS from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. WNS currently has an average rating of “Buy” and a consensus target price of $68.00.
WNS (NYSE:WNS) last issued its quarterly earnings data on Thursday, July 18th. The business services provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.24. The firm had revenue of $214.60 million for the quarter, compared to analyst estimates of $207.51 million. WNS had a return on equity of 23.92% and a net margin of 13.44%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 EPS. Research analysts predict that WNS will post 2.36 EPS for the current fiscal year.
WNS (Holdings) Limited, a business process management company, together with its subsidiaries, provides data, voice, analytical, and business transformation services worldwide. It operates through two segments, WNS Global BPM and WNS Auto Claims BPM. The company offers industry-specific services to clients primarily in insurance; travel and leisure; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; utilities; consulting and professional services; healthcare; banking and financial services; and shipping and logistics industries.
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