Diamond Hill Capital Management Inc. Boosts Stock Position in WNS (Holdings) Limited (NYSE:WNS)

Diamond Hill Capital Management Inc. raised its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 11.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,777,557 shares of the business services provider’s stock after purchasing an additional 188,616 shares during the quarter. Diamond Hill Capital Management Inc. owned 3.72% of WNS worth $93,322,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Truist Financial Corp purchased a new stake in shares of WNS in the fourth quarter worth about $201,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of WNS in the fourth quarter worth about $1,252,000. Renaissance Group LLC boosted its stake in shares of WNS by 7.0% in the fourth quarter. Renaissance Group LLC now owns 33,093 shares of the business services provider’s stock worth $2,091,000 after buying an additional 2,167 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of WNS by 40.6% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,042,815 shares of the business services provider’s stock worth $65,906,000 after buying an additional 301,022 shares during the last quarter. Finally, Cape Investment Advisory Inc. purchased a new stake in shares of WNS in the fourth quarter worth about $100,000. Hedge funds and other institutional investors own 97.36% of the company’s stock.

Wall Street Analysts Forecast Growth

WNS has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped 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 research 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 research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.43.

WNS Price Performance

Shares of WNS stock opened at $57.50 on Friday. The business has a 50 day simple moving average of $57.60 and a two-hundred day simple moving average of $53.34. WNS has a 12 month low of $39.85 and a 12 month high of $74.54. The stock has a market capitalization of $2.75 billion and a P/E ratio of 20.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.60.

WNS (NYSE:WNS) last announced its earnings results on Thursday, July 18th. The business services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. WNS had a return on equity of 22.05% and a net margin of 10.52%. The business had revenue of $312.40 million during the quarter, compared to analysts’ expectations of $310.49 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. As a group, analysts predict that WNS will post 3.72 EPS for the current fiscal year.

WNS Company 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.