Envestnet Asset Management Inc. Sells 23,377 Shares of WNS (Holdings) Limited (NYSE:WNS)

Envestnet Asset Management Inc. cut its stake in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 28.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,517 shares of the business services provider's stock after selling 23,377 shares during the period. Envestnet Asset Management Inc. owned 0.12% of WNS worth $2,726,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its stake in shares of WNS by 26.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,483,569 shares of the business services provider's stock worth $70,307,000 after buying an additional 312,519 shares during the last quarter. William Blair Investment Management LLC raised its holdings in 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 buying an additional 53,433 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of WNS by 27.1% during the fourth quarter. Vanguard Group Inc. now owns 415,556 shares of the business services provider's stock valued at $19,693,000 after acquiring an additional 88,698 shares during the last quarter. Summit Creek Advisors LLC increased its stake in shares of 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 buying an additional 32,897 shares during the period. Finally, Royce & Associates LP raised its holdings in WNS by 10.1% during the 4th quarter. Royce & Associates LP now owns 321,371 shares of the business services provider's stock worth $15,230,000 after purchasing an additional 29,360 shares during the last quarter. 97.36% of the stock is owned by institutional investors.

WNS Stock Performance

Shares of WNS traded down $0.43 during mid-day trading on Thursday, hitting $60.09. The stock had a trading volume of 54,142 shares, compared to its average volume of 554,687. The company's fifty day simple moving average is $61.94 and its two-hundred day simple moving average is $54.96. WNS has a fifty-two week low of $41.61 and a fifty-two week high of $72.11. The company has a market cap of $2.78 billion, a PE ratio of 21.03, a PEG ratio of 2.10 and a beta of 0.96. 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 - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.04. The firm had revenue of $336.30 million for the quarter, compared to analysts' expectations of $323.62 million. WNS had a net margin of 10.03% and a return on equity of 22.25%. WNS's revenue was down .8% on a year-over-year basis. During the same quarter last year, the company posted $1.12 earnings per share. On average, equities analysts expect that WNS will post 3.8 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Needham & Company LLC lifted their price objective on shares of WNS from $65.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Robert W. Baird increased their price target on shares of WNS from $58.00 to $66.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Jefferies Financial Group reduced their target price on WNS from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Barrington Research reissued an "outperform" rating and set a $75.00 price objective on shares of WNS in a report on Friday, April 25th. Finally, StockNews.com raised WNS from a "hold" rating to a "buy" rating in a research note on Friday, January 24th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.25.

WNS 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.