Allianz Asset Management GmbH Makes New Investment in WNS (Holdings) Limited $WNS

Allianz Asset Management GmbH purchased a new position in shares of WNS (Holdings) Limited (NYSE:WNS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 54,878 shares of the business services provider’s stock, valued at approximately $3,470,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp grew its position in WNS by 67.7% during the 2nd quarter. J.Safra Asset Management Corp now owns 483 shares of the business services provider’s stock worth $29,000 after purchasing an additional 195 shares during the period. Quarry LP acquired a new stake in WNS during the 1st quarter worth about $47,000. KBC Group NV acquired a new stake in WNS during the 1st quarter worth about $109,000. Dynamic Technology Lab Private Ltd acquired a new stake in WNS during the 1st quarter worth about $216,000. Finally, Global Alpha Capital Management Ltd. acquired a new stake in WNS during the 1st quarter worth about $217,000. 97.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $76.50 price target (down from $80.00) on shares of WNS in a research report on Tuesday, July 8th. Baird R W cut WNS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 8th. Weiss Ratings restated a “hold (c)” rating on shares of WNS in a research report on Wednesday, October 8th. William Blair cut WNS from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 7th. Finally, Needham & Company LLC cut WNS from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, WNS presently has a consensus rating of “Hold” and a consensus price target of $72.80.

WNS Price Performance

NYSE:WNS opened at $75.98 on Friday. The stock has a market capitalization of $3.26 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 2.25 and a beta of 0.91. WNS has a 52 week low of $42.62 and a 52 week high of $76.48. The stock’s 50-day moving average price is $75.86 and its 200-day moving average price is $68.46. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.18.

WNS (NYSE:WNS) last issued its quarterly earnings results on Thursday, July 24th. The business services provider reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. The firm had revenue of $339.90 million for the quarter, compared to analyst estimates of $323.13 million. WNS had a net margin of 12.11% and a return on equity of 22.90%. WNS’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $0.93 EPS. As a group, equities analysts expect that WNS will post 3.8 EPS for the current fiscal year.

WNS Company 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.