Summit Creek Advisors LLC Increases Position in WNS (Holdings) Limited (NYSE:WNS)

Summit Creek Advisors LLC increased its stake in WNS (Holdings) Limited (NYSE:WNS) by 10.9% in the 4th quarter, Holdings Channel reports. The fund owned 333,501 shares of the business services provider’s stock after buying an additional 32,897 shares during the quarter. WNS comprises about 2.1% of Summit Creek Advisors LLC’s holdings, making the stock its 23rd largest position. Summit Creek Advisors LLC’s holdings in WNS were worth $15,805,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its stake in WNS by 65.0% in the fourth quarter. Blue Trust Inc. now owns 4,397 shares of the business services provider’s stock worth $208,000 after purchasing an additional 1,732 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its stake in WNS by 18.1% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,261 shares of the business services provider’s stock worth $249,000 after purchasing an additional 805 shares during the last quarter. DGS Capital Management LLC bought a new stake in WNS in the third quarter worth $291,000. Central Pacific Bank Trust Division lifted its stake in WNS by 29.5% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,940 shares of the business services provider’s stock worth $329,000 after purchasing an additional 1,580 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in WNS in the third quarter worth $392,000. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WNS shares. Jefferies Financial Group lowered their price target on shares of WNS from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Needham & Company LLC boosted their price target on shares of WNS from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. StockNews.com raised shares of WNS from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. Finally, Robert W. Baird upped their price objective on shares of WNS from $58.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $61.63.

WNS Price Performance

WNS stock opened at $62.49 on Monday. WNS has a 1 year low of $39.85 and a 1 year high of $65.03. The company has a market cap of $2.89 billion, a P/E ratio of 21.85, a PEG ratio of 2.10 and a beta of 1.22. The firm has a 50-day moving average of $57.51 and a 200 day moving average of $52.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.81.

WNS (NYSE:WNS) last released its quarterly earnings results on Thursday, January 23rd. The business services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.15). WNS had a return on equity of 22.25% and a net margin of 10.03%. On average, sell-side analysts forecast that WNS will post 3.8 EPS for the current year.

WNS Company Profile

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.