Should You Trim Your Holdings in WNS (Holdings) Limited (WNS)?
TimesSquare Capital Management, an equity investment management company, released its “U.S. Small Cap Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the quarter the fund returned 9.15% (net), compared to a 12.75% return for the Russell 2000 Growth Index. For the year, the fund returned 15.96% (net) compared to 18.66% for the index. In addition, please check the fund’s top five holdings to know its best picks in 2023.
TimesSquare Capital U.S. Small Cap Growth Strategy featured stocks like WNS (Holdings) Limited (NYSE:WNS) in the fourth quarter 2023 investor letter. Headquartered in Mumbai, India, WNS (Holdings) Limited (NYSE:WNS) is a business process management (BPM) company. On March 21, 2024, WNS (Holdings) Limited (NYSE:WNS) stock closed at $52.44 per share. One-month return of WNS (Holdings) Limited (NYSE:WNS) was -15.01%, and its shares lost 40.98% of their value over the last 52 weeks. WNS (Holdings) Limited (NYSE:WNS) has a market capitalization of $2.455 billion.
TimesSquare Capital U.S. Small Cap Growth Strategy stated the following regarding WNS (Holdings) Limited (NYSE:WNS) in its fourth quarter 2023 investor letter:
"Slipping by -8% was WNS (Holdings) Limited (NYSE:WNS), which provides business process management services—including customer interaction, finance and accounting, and data analytics—to a variety of industries. Its results were in line with expectations, though management reduced guidance for the balance of its fiscal year. Although the core business continued generating significant cash flows, WNS noted that a recently signed contract for a captive insurance operation was taking longer than expected to start—and generate revenues. The company also saw hesitancy from a travel industry client who projected more conservative growth levels. Out of caution, recognizing some of these one-offs need to clear before its shares reaccelerate, we trimmed our position in WNS."
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WNS (Holdings) Limited (NYSE:WNS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. At the end of the fourth quarter, WNS (Holdings) Limited (NYSE:WNS) was held by 17 hedge fund portfolios, compared to 16 in the previous quarter, according to our database.
We discussed WNS (Holdings) Limited (NYSE:WNS) in another article and shared Diamond Hill Small Cap Fund's views on the company. In addition, please check out our hedge fund investor letters Q4 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
