Acadian Asset Management LLC Sells 59,450 Shares of WNS (Holdings) Limited (NYSE:WNS)

Acadian Asset Management LLC lowered its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 3.4% in the second quarter, HoldingsChannel reports. The fund owned 1,708,759 shares of the business services provider’s stock after selling 59,450 shares during the period. Acadian Asset Management LLC’s holdings in WNS were worth $89,683,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in WNS by 64.1% during the second quarter. GAMMA Investing LLC now owns 635 shares of the business services provider’s stock worth $33,000 after purchasing an additional 248 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in WNS in the first quarter valued at $38,000. Parallel Advisors LLC grew its position 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 valued at $53,000 after acquiring an additional 196 shares during the period. Harbor Investment Advisory LLC lifted its stake in WNS by 32.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,517 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 368 shares during the last quarter. Finally, Cape Investment Advisory Inc. acquired a new stake in WNS in the 4th quarter valued at about $100,000. 97.36% of the stock is owned by institutional investors.

WNS Stock Performance

Shares of WNS stock opened at $56.89 on Friday. The company has a 50 day moving average of $57.36 and a 200-day moving average of $53.48. The company 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 has a 1-year low of $39.85 and a 1-year high of $74.54.

WNS (NYSE:WNS) last released its earnings results on Thursday, July 18th. The business services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. WNS had a return on equity of 22.05% and a net margin of 10.52%. The firm 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 company earned $0.76 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts forecast that WNS will post 3.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WNS has been the topic of several research analyst reports. Needham & Company LLC upped their price objective on WNS from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Barrington Research reaffirmed an “outperform” rating and set a $70.00 price objective on shares of WNS in a research report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a report on Friday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, WNS currently has an average rating of “Moderate Buy” and an average target price of $66.43.

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.