Russell Investments Group Ltd. Buys 57,253 Shares of WNS (Holdings) Limited (NYSE:WNS)

Russell Investments Group Ltd. boosted its holdings in WNS (Holdings) Limited (NYSE:WNS) by 21.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 319,498 shares of the business services provider’s stock after purchasing an additional 57,253 shares during the period. Russell Investments Group Ltd.’s holdings in WNS were worth $18,790,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of WNS. Harbour Capital Advisors LLC bought a new position in WNS in the 2nd quarter worth approximately $308,000. Summit Creek Advisors LLC bought a new position in WNS in the 2nd quarter worth approximately $9,601,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in WNS in the 2nd quarter worth approximately $197,000. Quantitative Systematic Strategies LLC increased its position in WNS by 128.9% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 11,802 shares of the business services provider’s stock worth $699,000 after buying an additional 6,646 shares during the period. Finally, Aperio Group LLC increased its position in WNS by 10.4% in the 2nd quarter. Aperio Group LLC now owns 31,836 shares of the business services provider’s stock worth $1,885,000 after buying an additional 3,007 shares during the period. 94.86% of the stock is currently owned by institutional investors.

WNS has been the topic of several recent analyst reports. ValuEngine downgraded WNS from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Cantor Fitzgerald lifted their price target on WNS from $68.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Cowen lifted their price target on WNS from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. dropped their price target on WNS from $73.00 to $72.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Finally, Wedbush reaffirmed an “outperform” rating on shares of WNS in a research report on Tuesday, July 16th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $69.64.

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Shares of NYSE:WNS remained flat at $$61.97 during trading on Friday. The stock had a trading volume of 126,109 shares, compared to its average volume of 160,304. WNS has a one year low of $39.24 and a one year high of $65.99. The stock has a market capitalization of $3.12 billion, a P/E ratio of 27.54, a price-to-earnings-growth ratio of 2.05 and a beta of 1.15. The company has a fifty day moving average price of $60.52 and a two-hundred day moving average price of $59.58. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.35.

WNS (NYSE:WNS) last announced its quarterly earnings data on Thursday, October 17th. The business services provider reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.12. WNS had a return on equity of 23.57% and a net margin of 13.47%. The company had revenue of $220.70 million for the quarter, compared to analyst estimates of $216.08 million. During the same quarter last year, the firm earned $0.65 EPS. WNS’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, analysts forecast that WNS will post 2.41 earnings per share for the current 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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Institutional Ownership by Quarter for WNS (NYSE:WNS)

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