TimesSquare Capital Management LLC Raises Stake in WNS (Holdings) Limited (NYSE:WNS)

TimesSquare Capital Management LLC lifted its holdings in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 17.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 377,825 shares of the business services provider's stock after acquiring an additional 55,306 shares during the period. TimesSquare Capital Management LLC owned approximately 0.79% of WNS worth $19,915,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of WNS. Verdence Capital Advisors LLC lifted its position in WNS by 4.2% during the third quarter. Verdence Capital Advisors LLC now owns 10,022 shares of the business services provider's stock worth $528,000 after purchasing an additional 407 shares during the period. JB Capital LLC lifted its position in WNS by 6.3% during the third quarter. JB Capital LLC now owns 28,796 shares of the business services provider's stock worth $1,518,000 after purchasing an additional 1,705 shares during the period. Janney Montgomery Scott LLC lifted its position in WNS by 4.4% during the third quarter. Janney Montgomery Scott LLC now owns 31,918 shares of the business services provider's stock worth $1,682,000 after purchasing an additional 1,357 shares during the period. Financial Management Professionals Inc. bought a new stake in WNS during the third quarter worth about $46,000. Finally, BKM Wealth Management LLC lifted its position in WNS by 2.8% during the third quarter. BKM Wealth Management LLC now owns 10,972 shares of the business services provider's stock worth $578,000 after purchasing an additional 298 shares during the period. 97.36% of the stock is currently owned by institutional investors and hedge funds.

WNS Stock Up 0.5 %

WNS traded up $0.25 during mid-day trading on Monday, reaching $54.90. 625,510 shares of the stock were exchanged, compared to its average volume of 482,724. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $2.62 billion and a PE ratio of 21.44. The company has a 50 day moving average price of $51.46 and a two-hundred day moving average price of $52.79. WNS has a 1 year low of $39.85 and a 1 year high of $72.57.

WNS (NYSE:WNS - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.21. The firm had revenue of $310.70 million for the quarter, compared to the consensus estimate of $313.66 million. WNS had a net margin of 9.39% and a return on equity of 22.76%. As a group, research analysts anticipate that WNS will post 3.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC reduced their price target on shares of WNS from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, October 18th. Citigroup set a $55.00 price target on shares of WNS in a research note on Thursday, October 17th. TD Cowen downgraded shares of WNS from a "buy" rating to a "hold" rating and reduced their price target for the company from $64.00 to $53.00 in a research note on Thursday, October 17th. Barrington Research restated an "outperform" rating and issued a $70.00 price target on shares of WNS in a research note on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of WNS from $55.00 to $51.00 and set a "hold" rating on the stock in a research note on Thursday, October 3rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $60.33.

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.