Westfield Capital Management Co. LP Decreases Stock Holdings in WNS (Holdings) Limited (NYSE:WNS)

Westfield Capital Management Co. LP reduced its stake in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 73.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 279,379 shares of the business services provider's stock after selling 773,347 shares during the quarter. Westfield Capital Management Co. LP owned 0.58% of WNS worth $14,726,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. lifted its position in WNS by 406.0% in the second quarter. Harbor Capital Advisors Inc. now owns 36,948 shares of the business services provider's stock valued at $1,940,000 after purchasing an additional 29,646 shares during the last quarter. TimesSquare Capital Management LLC grew its holdings in WNS by 17.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 377,825 shares of the business services provider's stock worth $19,915,000 after acquiring an additional 55,306 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of WNS by 8.3% in the second quarter. William Blair Investment Management LLC now owns 347,511 shares of the business services provider's stock valued at $18,244,000 after acquiring an additional 26,648 shares during the period. Diamond Hill Capital Management Inc. raised its stake 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 valued at $93,322,000 after acquiring an additional 188,616 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of WNS in the second quarter worth about $876,000. Hedge funds and other institutional investors own 97.36% of the company's stock.

WNS Stock Up 1.8 %

WNS traded up $0.93 during midday trading on Monday, reaching $53.00. The company's stock had a trading volume of 1,312,348 shares, compared to its average volume of 487,097. WNS has a 1 year low of $39.85 and a 1 year high of $72.57. The stock's 50-day moving average is $50.42 and its 200-day moving average is $53.32. The firm has a market capitalization of $2.53 billion and a price-to-earnings ratio of 20.38. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

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

Wall Street Analysts Forecast Growth

WNS has been the subject of a number of research analyst reports. Citigroup set a $55.00 price target on WNS in a research note on Thursday, October 17th. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 target price on shares of WNS in a research report on Friday, October 18th. 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 report on Thursday, October 3rd. JPMorgan Chase & Co. raised their price objective on shares of WNS from $60.00 to $73.00 and gave the stock a "neutral" rating in a report on Friday, September 6th. Finally, Needham & Company LLC reduced their target price on WNS from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, October 18th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $60.33.

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.