Pier Capital LLC Invests $5.50 Million in WNS (Holdings) Limited (WNS) Stock

Pier Capital LLC purchased a new position in WNS (Holdings) Limited (NYSE:WNS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 150,807 shares of the business services provider’s stock, valued at approximately $5,504,000. Pier Capital LLC owned about 0.30% of WNS as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. OLD National Bancorp IN bought a new stake in shares of WNS during the third quarter worth $202,000. Trexquant Investment LP bought a new stake in shares of WNS during the third quarter worth $210,000. Advisor Group Inc. lifted its position in shares of WNS by 731.2% during the third quarter. Advisor Group Inc. now owns 6,417 shares of the business services provider’s stock worth $234,000 after purchasing an additional 5,645 shares during the last quarter. 1st Global Advisors Inc. bought a new stake in shares of WNS during the second quarter worth $223,000. Finally, Financial Counselors Inc. bought a new stake in shares of WNS during the second quarter worth $236,000. Institutional investors own 86.03% of the company’s stock.

WNS (NYSE WNS) traded down $0.36 during mid-day trading on Tuesday, hitting $40.79. The company had a trading volume of 193,200 shares, compared to its average volume of 198,464. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.37 and a quick ratio of 2.37. The company has a market capitalization of $2,072.62, a P/E ratio of 26.21, a P/E/G ratio of 1.80 and a beta of 1.02. WNS has a 12-month low of $25.44 and a 12-month high of $42.36.

WNS (NYSE:WNS) last released its quarterly earnings data on Friday, October 27th. The business services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.04. The firm had revenue of $182.30 million during the quarter, compared to the consensus estimate of $175.36 million. WNS had a return on equity of 19.23% and a net margin of 7.24%. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. analysts predict that WNS will post 1.59 EPS for the current year.

Several analysts have recently weighed in on WNS shares. Zacks Investment Research upgraded WNS from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Thursday, November 2nd. Needham & Company LLC reiterated a “strong-buy” rating and set a $46.00 target price (up from $42.00) on shares of WNS in a research report on Sunday, October 29th. Cowen reiterated a “buy” rating and set a $42.00 target price on shares of WNS in a research report on Thursday, October 12th. SunTrust Banks reiterated a “buy” rating and set a $41.00 target price on shares of WNS in a research report on Monday, October 9th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $38.00 target price on shares of WNS in a research report on Friday, October 27th. Thirteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. WNS presently has an average rating of “Buy” and a consensus target price of $42.83.

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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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Institutional Ownership by Quarter for WNS (NYSE:WNS)

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