Westfield Capital Management Co. LP Acquires 301,022 Shares of WNS (Holdings) Limited (NYSE:WNS)

Westfield Capital Management Co. LP increased its holdings in WNS (Holdings) Limited (NYSE:WNS) by 40.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,042,815 shares of the business services provider’s stock after purchasing an additional 301,022 shares during the period. Westfield Capital Management Co. LP’s holdings in WNS were worth $65,906,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Lindbrook Capital LLC lifted its stake in shares of WNS by 33.0% in the fourth quarter. Lindbrook Capital LLC now owns 754 shares of the business services provider’s stock worth $48,000 after buying an additional 187 shares during the last quarter. CWM LLC grew its stake in WNS by 490.6% in the 4th quarter. CWM LLC now owns 756 shares of the business services provider’s stock valued at $48,000 after buying an additional 628 shares during the last quarter. GAMMA Investing LLC bought a new position in WNS in the 4th quarter worth $64,000. Van ECK Associates Corp lifted its position in WNS by 41.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,293 shares of the business services provider’s stock worth $89,000 after acquiring an additional 376 shares during the last quarter. Finally, Truist Financial Corp bought a new stake in WNS during the fourth quarter valued at about $201,000. 97.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. StockNews.com lowered WNS from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Barrington Research reaffirmed an “outperform” rating and issued a $72.00 price target on shares of WNS in a research report on Monday, April 15th. Needham & Company LLC reduced their price objective on WNS from $80.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft lowered shares of WNS from a “buy” rating to a “hold” rating and dropped their target price for the stock from $64.00 to $44.00 in a research report on Friday, April 26th. Finally, Citigroup cut their target price on shares of WNS from $80.00 to $62.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, WNS currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.44.

WNS Price Performance

Shares of WNS stock traded down $0.83 during mid-day trading on Friday, reaching $50.98. The company’s stock had a trading volume of 278,246 shares. The firm’s 50-day moving average is $49.12 and its two-hundred day moving average is $57.01. The company has a market cap of $2.44 billion and a P/E ratio of 18.01. WNS has a 1-year low of $39.85 and a 1-year high of $80.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.71 and a current ratio of 1.71.

WNS (NYSE:WNS) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.11. WNS had a net margin of 10.59% and a return on equity of 22.23%. The firm had revenue of $325.90 million during the quarter, compared to analyst estimates of $322.92 million. On average, research analysts predict that WNS will post 3.62 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 two segments, WNS Global BPM and WNS Auto Claims BPM. It offers industry-specific services to clients primarily in insurance; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure; healthcare; utilities; shipping and logistics; Hi-tech and professional services; and banking and financial services.