Victory Capital Management Inc. has notably increased its WNS Holdings Stock position, signaling a strong vote of confidence in the business services provider. According to its latest SEC filing, the asset manager boosted its stake by 17.6% during the first quarter, adding 2,303 shares to its portfolio.
This significant Victory Capital Investment brings their total holdings in WNS (Holdings) Limited to 15,369 shares. At the close of the most recent quarter, the value of Victory Capital Management Inc.’s investment in WNS stood at an impressive $945,000, underscoring their growing commitment to the company.
Beyond Victory Capital, a multitude of other Institutional Holdings and hedge funds have also adjusted their positions in WNS. For instance, Massachusetts Financial Services Co. MA dramatically increased its holdings by 19.0%, now owning 464,349 shares valued at $28,553,000, demonstrating widespread interest in the stock.
Other notable new stakes were acquired by Edgestream Partners L.P., valued at approximately $390,000, and Stephens Inc. AR, with a new stake worth about $292,000. These moves highlight a broader trend among major investors accumulating WNS shares, reflecting diverse strategies within the Financial Market Trends.
Equities research analysts have also weighed in on NYSE:WNS Analysis, with several recent reports leading to adjustments in ratings. While some firms, including Needham & Company LLC and Baird R W, downgraded WNS from “buy” or “strong-buy” to “hold,” the company still maintains a consensus “Hold” rating from MarketBeat data, with a target price of $68.13.
From a financial perspective, WNS shares recently opened at $74.80. The company exhibits robust liquidity metrics with a quick ratio and current ratio both at 1.76, alongside a healthy debt-to-equity ratio of 0.19. These figures, combined with a market capitalization of $3.47 billion, paint a picture of a stable and well-managed entity.
WNS (Holdings) Limited reported strong earnings for the last quarter, with $1.02 earnings per share, surpassing the consensus estimate of $0.97. The business services provider also achieved a revenue of $339.90 million, outperforming analyst expectations and showing a significant 9.5% year-over-year increase, reflecting solid operational performance.
As a global business process management (BPM) company, WNS provides a comprehensive suite of data, voice, analytical, and business transformation services across diverse segments including manufacturing, retail, healthcare, and financial services. The consistent activity reported in SEC Filings News underscores the dynamic nature of investment in such key players within the business services sector.
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