State of New Jersey Common Pension Fund D Invests $12.16 Million in WNS (Holdings) Limited $WNS

State of New Jersey Common Pension Fund D purchased a new position in shares of WNS (Holdings) Limited (NYSE:WNS) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 192,275 shares of the business services provider’s stock, valued at approximately $12,159,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in WNS. KBC Group NV bought a new stake in shares of WNS during the 1st quarter worth approximately $109,000. WCM Investment Management LLC lifted its holdings in shares of WNS by 31.7% during the 1st quarter. WCM Investment Management LLC now owns 355,944 shares of the business services provider’s stock worth $21,826,000 after acquiring an additional 85,625 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of WNS during the 1st quarter worth approximately $357,000. Principal Financial Group Inc. lifted its holdings in shares of WNS by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 157,659 shares of the business services provider’s stock worth $9,694,000 after acquiring an additional 5,333 shares during the period. Finally, Penserra Capital Management LLC bought a new stake in shares of WNS during the 1st quarter worth approximately $251,000. Institutional investors own 97.36% of the company’s stock.

WNS Stock Down 0.6%

Shares of NYSE:WNS opened at $75.98 on Friday. The firm has a market cap of $3.26 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.25 and a beta of 0.91. 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 has a 12-month low of $42.62 and a 12-month high of $76.48. The business has a fifty day simple moving average of $75.88 and a 200 day simple moving average of $68.65.

WNS (NYSE:WNS) last announced its earnings results on Thursday, July 24th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.05. WNS had a return on equity of 22.90% and a net margin of 12.11%.The business had revenue of $339.90 million during the quarter, compared to analyst estimates of $323.13 million. During the same period last year, the company earned $0.93 EPS. WNS’s revenue for the quarter was up 9.5% compared to the same quarter last year. Analysts predict that WNS will post 3.8 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on WNS. Needham & Company LLC downgraded shares of WNS from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 7th. Baird R W downgraded shares of WNS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 8th. William Blair downgraded shares of WNS from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of WNS in a research note on Thursday, July 17th. They issued a “hold” rating and a $76.50 price objective for the company. Finally, Wall Street Zen downgraded shares of WNS from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $72.80.

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.