Pictet Asset Management Holding SA Takes Position in WNS (Holdings) Limited (NYSE:WNS)

Pictet Asset Management Holding SA purchased a new position in shares of WNS (Holdings) Limited (NYSE:WNS) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,490 shares of the business services provider’s stock, valued at approximately $213,000.

Several other large investors have also bought and sold shares of WNS. Thrivent Financial for Lutherans lifted its stake in WNS by 26.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,483,569 shares of the business services provider’s stock valued at $70,307,000 after buying an additional 312,519 shares during the period. William Blair Investment Management LLC raised its position in shares of WNS by 5.0% in the 4th quarter. William Blair Investment Management LLC now owns 1,112,743 shares of the business services provider’s stock valued at $52,733,000 after acquiring an additional 53,433 shares during the period. State Street Corp boosted its stake in WNS by 40.5% during the 3rd quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock worth $39,182,000 after acquiring an additional 214,417 shares during the last quarter. Vanguard Group Inc. boosted its stake in WNS by 27.1% during the 4th quarter. Vanguard Group Inc. now owns 415,556 shares of the business services provider’s stock worth $19,693,000 after acquiring an additional 88,698 shares during the last quarter. Finally, Summit Creek Advisors LLC increased its stake in WNS by 10.9% in the fourth quarter. Summit Creek Advisors LLC now owns 333,501 shares of the business services provider’s stock valued at $15,805,000 after purchasing an additional 32,897 shares in the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WNS. Robert W. Baird lifted their price target on shares of WNS from $58.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Needham & Company LLC boosted their target price on WNS from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Barrington Research raised their price target on WNS from $63.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 26th. Jefferies Financial Group cut their price objective on WNS from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Finally, StockNews.com raised WNS from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, WNS presently has an average rating of “Moderate Buy” and an average price target of $62.25.

WNS Trading Up 3.1 %

NYSE:WNS opened at $66.66 on Friday. The company has a market cap of $3.08 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 2.10 and a beta of 0.96. WNS has a twelve month low of $39.85 and a twelve month high of $72.11. The business has a 50 day moving average price of $60.65 and a two-hundred day moving average price of $53.74. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.19.

WNS (NYSE:WNS) last announced its earnings results on Thursday, January 23rd. The business services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.15). WNS had a return on equity of 22.25% and a net margin of 10.03%. As a group, analysts expect that WNS will post 3.8 EPS for the current fiscal year.

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.