The Manufacturers Life Insurance Company Purchases New Stake in WNS (Holdings) Limited (NYSE:WNS)

The Manufacturers Life Insurance Company purchased a new position in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 16,690 shares of the business services provider's stock, valued at approximately $876,000.

A number of other institutional investors have also recently modified their holdings of the business. Diamond Hill Capital Management Inc. lifted its position in shares of WNS by 11.9% during the second quarter. Diamond Hill Capital Management Inc. now owns 1,777,557 shares of the business services provider's stock worth $93,322,000 after purchasing an additional 188,616 shares in the last quarter. Acadian Asset Management LLC lifted its holdings 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 buying an additional 11,933 shares during the last quarter. Westfield Capital Management Co. LP boosted its position in shares of WNS by 12.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,170,420 shares of the business services provider's stock worth $59,141,000 after acquiring an additional 127,605 shares in the last quarter. Wellington Management Group LLP raised its position in shares of WNS by 4.0% during the 4th quarter. Wellington Management Group LLP now owns 747,724 shares of the business services provider's stock worth $47,256,000 after acquiring an additional 28,833 shares in the last quarter. Finally, Congress Asset Management Co. MA increased its stake in WNS by 19.5% in the first quarter. Congress Asset Management Co. MA now owns 616,324 shares of the business services provider's stock valued at $31,143,000 after purchasing an additional 100,563 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barrington Research restated an "outperform" rating and issued a $70.00 target price on shares of WNS in a report on Thursday, August 22nd. Needham & Company LLC upped their price objective on shares of WNS from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft cut their target price on WNS from $55.00 to $51.00 and set a "hold" rating on the stock in a research report on Thursday, October 3rd. JPMorgan Chase & Co. upped their target price on WNS from $60.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday, September 6th. Finally, Citigroup dropped their price target on WNS from $67.00 to $61.00 and set a "buy" rating on the stock in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $64.83.

WNS Stock Performance

WNS traded up $1.10 on Monday, hitting $48.74. 603,669 shares of the company traded hands, compared to its average volume of 464,202. WNS has a 12-month low of $39.85 and a 12-month high of $72.57. The company has a 50 day moving average of $55.50 and a 200-day moving average of $52.85. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2.33 billion and a PE ratio of 16.66.

WNS (NYSE:WNS - Get Free Report) last released its quarterly earnings results on Thursday, July 18th. The business services provider reported $0.93 EPS 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 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 business earned $0.76 earnings per share. The company's quarterly revenue was down 1.6% compared to the same quarter last year. Sell-side analysts anticipate that WNS will post 3.71 earnings per share for the current year.

About WNS

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.