Grandeur Peak Global Advisors LLC grew its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,020,031 shares of the business services provider’s stock after purchasing an additional 5,325 shares during the period. WNS makes up about 5.3% of Grandeur Peak Global Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Grandeur Peak Global Advisors LLC owned approximately 2.03% of WNS worth $40,934,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Schroder Investment Management Group acquired a new stake in shares of WNS during the fourth quarter worth approximately $17,305,000. Goldman Sachs Group Inc. grew its position in shares of WNS by 232.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 431,082 shares of the business services provider’s stock worth $17,299,000 after buying an additional 301,228 shares in the last quarter. Millennium Management LLC grew its position in shares of WNS by 87.6% during the fourth quarter. Millennium Management LLC now owns 619,411 shares of the business services provider’s stock worth $24,857,000 after buying an additional 289,195 shares in the last quarter. Ranger Investment Management L.P. grew its position in shares of WNS by 68.6% during the fourth quarter. Ranger Investment Management L.P. now owns 604,502 shares of the business services provider’s stock worth $24,259,000 after buying an additional 245,897 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of WNS by 228.1% during the third quarter. Russell Investments Group Ltd. now owns 272,284 shares of the business services provider’s stock worth $9,938,000 after buying an additional 189,308 shares in the last quarter. Institutional investors own 86.42% of the company’s stock.
WNS has been the subject of a number of recent analyst reports. Needham & Company LLC raised their price target on shares of WNS from $46.00 to $52.00 and gave the stock a “strong-buy” rating in a research report on Friday, December 1st. ValuEngine downgraded shares of WNS from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Robert W. Baird reaffirmed a “buy” rating and issued a $46.00 price objective on shares of WNS in a report on Thursday, December 21st. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $42.00 price objective on shares of WNS in a report on Friday, January 5th. Finally, Citigroup reaffirmed a “buy” rating and issued a $50.00 price objective (up previously from $43.00) on shares of WNS in a report on Thursday, January 18th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $48.23.
WNS stock opened at $47.80 on Thursday. The company has a market cap of $2,365.20, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 1.99 and a beta of 0.88. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.16. WNS has a 1-year low of $27.69 and a 1-year high of $48.25.
WNS (NYSE:WNS) last released its quarterly earnings data on Thursday, January 18th. The business services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. WNS had a net margin of 7.96% and a return on equity of 20.19%. The firm had revenue of $185.20 million during the quarter, compared to the consensus estimate of $175.85 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The firm’s revenue was up 32.5% on a year-over-year basis. equities analysts forecast that WNS will post 1.73 EPS for the current year.
WNS declared that its Board of Directors has initiated a stock repurchase plan on Thursday, January 18th that permits the company to buyback 3,300,000 shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.
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WNS Company Profile
WNS (Holdings) Limited is a global provider of business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company’s segments include WNS Global BPM and WNS Auto Claims BPM. Its operating segments include travel, insurance, banking and financial services, healthcare, utilities, retail and consumer products groups, auto claims and others.
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