Allianz Asset Management GmbH lowered its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 34.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 106,235 shares of the business services provider’s stock after selling 56,500 shares during the quarter. Allianz Asset Management GmbH owned 0.21% of WNS worth $6,289,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. raised its position in WNS by 201.8% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 688 shares of the business services provider’s stock worth $37,000 after buying an additional 460 shares during the last quarter. Advisors Preferred LLC purchased a new position in shares of WNS in the 2nd quarter valued at about $52,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of WNS in the 2nd quarter valued at about $197,000. Diversified Trust Co acquired a new stake in WNS in the 1st quarter valued at about $211,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in WNS by 2,388.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 5,001 shares of the business services provider’s stock valued at $266,000 after acquiring an additional 4,800 shares during the last quarter. Institutional investors own 94.83% of the company’s stock.
A number of brokerages recently commented on WNS. Cantor Fitzgerald increased their price objective on shares of WNS from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Cowen increased their price objective on shares of WNS from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Wedbush reaffirmed an “outperform” rating on shares of WNS in a research note on Tuesday, July 16th. Barrington Research raised their target price on shares of WNS from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Finally, Zacks Investment Research cut shares of WNS from a “strong-buy” rating to a “hold” rating in a research report on Saturday, July 27th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. WNS currently has a consensus rating of “Buy” and a consensus target price of $67.86.
NYSE WNS opened at $59.93 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 1.77. The company’s 50 day moving average price is $62.12 and its 200 day moving average price is $57.59. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 2.03 and a beta of 1.10. WNS has a one year low of $39.24 and a one year high of $65.00.
WNS (NYSE:WNS) last issued its quarterly earnings results on Thursday, July 18th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.24. The business had revenue of $214.60 million during the quarter, compared to analyst estimates of $207.51 million. WNS had a net margin of 13.44% and a return on equity of 23.92%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Sell-side analysts forecast that WNS will post 2.36 EPS for the current fiscal year.
WNS Company Profile
WNS (Holdings) Limited, a business process management company, together with its subsidiaries, provides data, voice, analytical, and business transformation services worldwide. It operates through two segments, WNS Global BPM and WNS Auto Claims BPM. The company offers industry-specific services to clients primarily in insurance; travel and leisure; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; utilities; consulting and professional services; healthcare; banking and financial services; and shipping and logistics industries.
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