Public Employees Retirement System of Ohio Makes New $2.33 Million Investment in WNS (Holdings) Limited (NYSE:WNS)

Public Employees Retirement System of Ohio purchased a new stake in WNS (Holdings) Limited (NYSE:WNS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 44,119 shares of the business services provider’s stock, valued at approximately $2,326,000. Public Employees Retirement System of Ohio owned approximately 0.09% of WNS at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nicholas Company Inc. increased its stake in shares of WNS by 10.4% in the 2nd quarter. Nicholas Company Inc. now owns 118,505 shares of the business services provider’s stock worth $6,222,000 after acquiring an additional 11,190 shares during the last quarter. JB Capital LLC purchased a new position in WNS during the second quarter worth about $1,422,000. Calamos Advisors LLC purchased a new position in WNS during the second quarter worth about $1,114,000. Bank of New York Mellon Corp boosted its holdings in WNS by 478.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 154,725 shares of the business services provider’s stock valued at $8,123,000 after purchasing an additional 127,960 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of WNS by 84.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 591,052 shares of the business services provider’s stock valued at $31,030,000 after buying an additional 270,117 shares during the period. Institutional investors and hedge funds own 97.36% of the company’s stock.

WNS Price Performance

WNS stock opened at $47.85 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. WNS has a 52-week low of $39.85 and a 52-week high of $72.57. The firm has a market cap of $2.29 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.93 and a beta of 1.14. The company’s 50 day moving average is $49.93 and its two-hundred day moving average is $53.27.

WNS (NYSE:WNS) last announced its quarterly earnings data on Thursday, October 17th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.21. WNS had a return on equity of 22.76% and a net margin of 9.39%. The business had revenue of $310.70 million for the quarter, compared to analysts’ expectations of $313.66 million. On average, research analysts expect that WNS will post 3.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on WNS. 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 research report on Friday, October 18th. TD Cowen lowered shares of WNS from a “buy” rating to a “hold” rating and lowered their target price for the stock from $64.00 to $53.00 in a research note on Thursday, October 17th. Barrington Research reissued an “outperform” rating and issued a $70.00 price target on shares of WNS in a research note on Friday, October 18th. Citigroup set a $55.00 price objective on shares of WNS in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. boosted 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, WNS currently has a consensus rating of “Hold” and an average price target of $60.33.

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.