Azzad Asset Management Inc. ADV Acquires 245 Shares of WNS (Holdings) Limited (NYSE:WNS)

Azzad Asset Management Inc. ADV grew its holdings in WNS (Holdings) Limited (NYSE:WNS) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,540 shares of the business services provider’s stock after purchasing an additional 245 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in WNS were worth $583,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WCM Investment Management LLC boosted its stake in WNS by 8.0% during the 4th quarter. WCM Investment Management LLC now owns 689,604 shares of the business services provider’s stock worth $43,831,000 after acquiring an additional 50,944 shares during the last quarter. American Century Companies Inc. boosted its stake in WNS by 103.5% during the 3rd quarter. American Century Companies Inc. now owns 422,297 shares of the business services provider’s stock worth $28,910,000 after acquiring an additional 214,773 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in WNS by 4.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,551,716 shares of the business services provider’s stock worth $98,068,000 after acquiring an additional 71,004 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in WNS by 14.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 994,218 shares of the business services provider’s stock worth $68,064,000 after acquiring an additional 122,576 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in WNS by 36.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,034,729 shares of the business services provider’s stock worth $139,298,000 after acquiring an additional 544,328 shares during the last quarter. Institutional investors own 97.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com downgraded shares of WNS from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Citigroup dropped their target price on shares of WNS from $80.00 to $62.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of WNS in a report on Tuesday, May 28th. Needham & Company LLC dropped their target price on shares of WNS from $80.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of WNS from a “buy” rating to a “hold” rating and lowered their price objective for the company from $64.00 to $44.00 in a report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.11.

WNS Stock Up 2.1 %

Shares of NYSE:WNS traded up $1.14 during midday trading on Wednesday, hitting $54.33. The stock had a trading volume of 38,821 shares, compared to its average volume of 482,856. WNS has a 12 month low of $39.85 and a 12 month high of $75.12. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $49.92 and its 200-day simple moving average is $55.50. The company has a market cap of $2.60 billion and a P/E ratio of 18.80.

WNS (NYSE:WNS) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. The firm had revenue of $325.90 million during the quarter, compared to analysts’ expectations of $322.92 million. WNS had a net margin of 10.59% and a return on equity of 22.23%. On average, sell-side analysts forecast that WNS will post 3.62 earnings per share for the current fiscal 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 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.