Harbor Capital Advisors Inc. Increases Position in WNS (Holdings) Limited (NYSE:WNS)

Harbor Capital Advisors Inc. lifted its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 406.0% during the second quarter, Holdings Channel reports. The institutional investor owned 36,948 shares of the business services provider’s stock after purchasing an additional 29,646 shares during the period. Harbor Capital Advisors Inc.’s holdings in WNS were worth $1,940,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WNS. Artisan Partners Limited Partnership lifted its stake in WNS by 13.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,920,291 shares of the business services provider’s stock worth $121,362,000 after purchasing an additional 234,139 shares in the last quarter. Acadian Asset Management LLC increased its position in WNS by 0.7% in the first quarter. Acadian Asset Management LLC now owns 1,768,209 shares of the business services provider’s stock worth $89,317,000 after purchasing an additional 11,933 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in WNS by 4.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,551,716 shares of the business services provider’s stock valued at $98,068,000 after purchasing an additional 71,004 shares in the last quarter. Westfield Capital Management Co. LP lifted its position in WNS by 12.2% during the first quarter. Westfield Capital Management Co. LP now owns 1,170,420 shares of the business services provider’s stock valued at $59,141,000 after purchasing an additional 127,605 shares during the last quarter. Finally, Rice Hall James & Associates LLC grew its stake in shares of WNS by 21.6% in the 1st quarter. Rice Hall James & Associates LLC now owns 885,809 shares of the business services provider’s stock worth $44,760,000 after buying an additional 157,336 shares in the last quarter. 97.36% of the stock is owned by institutional investors.

WNS Stock Down 1.8 %

Shares of WNS stock traded down $1.01 during mid-day trading on Wednesday, hitting $54.98. 170,909 shares of the stock traded hands, compared to its average volume of 497,739. The stock’s fifty day moving average is $53.99 and its two-hundred day moving average is $54.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.71 and a quick ratio of 1.71. WNS has a 52-week low of $39.85 and a 52-week high of $74.54. The stock has a market cap of $2.63 billion and a P/E ratio of 19.77.

WNS (NYSE:WNS) last announced its earnings results on Thursday, July 18th. The business services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. The company had revenue of $312.40 million during the quarter, compared to the consensus estimate of $310.49 million. WNS had a net margin of 10.52% and a return on equity of 21.60%. WNS’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $0.76 earnings per share. Equities analysts predict that WNS will post 3.69 EPS for the current year.

Insider Activity at WNS

In other news, insider Omprakash Puria Sanjay 24,254 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.95% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on WNS shares. Citigroup lowered their price target on shares of WNS from $80.00 to $62.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Barrington Research raised their price target on WNS from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Needham & Company LLC increased their target price on shares of WNS from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. upped their price target on shares of WNS from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Finally, TD Cowen dropped their price objective on WNS from $70.00 to $64.00 and set a “buy” rating for the company in a report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, WNS presently has a consensus rating of “Moderate Buy” and an average price target of $64.57.

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.