Aberdeen Group plc lowered its holdings in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 12.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,190 shares of the business services provider's stock after selling 29,728 shares during the quarter. Aberdeen Group plc owned 0.44% of WNS worth $12,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of WNS. Johnson Financial Group Inc. purchased a new position in shares of WNS in the fourth quarter worth $53,000. NBC Securities Inc. purchased a new position in shares of WNS in the first quarter worth $96,000. KBC Group NV purchased a new position in shares of WNS in the first quarter worth $109,000. Ironwood Wealth Management LLC. purchased a new stake in WNS during the first quarter valued at $209,000. Finally, Global Alpha Capital Management Ltd. purchased a new stake in WNS during the first quarter valued at $217,000. Hedge funds and other institutional investors own 97.36% of the company's stock.
Wall Street Analyst Weigh In
WNS has been the subject of a number of research reports. William Blair cut WNS from a "strong-buy" rating to a "market perform" rating in a research report on Monday, July 7th. Barrington Research cut WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Jefferies Financial Group reiterated a "hold" rating and set a $76.50 price objective (down previously from $80.00) on shares of WNS in a research report on Tuesday, July 8th. Needham & Company LLC cut WNS from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 7th. Finally, Baird R W cut WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, WNS has an average rating of "Hold" and a consensus price target of $68.13.
Read Our Latest Stock Analysis on WNS
WNS Stock Performance
NYSE:WNS opened at $75.19 on Tuesday. The stock has a 50-day simple moving average of $69.39 and a two-hundred day simple moving average of $63.32. WNS has a 52-week low of $42.62 and a 52-week high of $75.32. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market capitalization of $3.22 billion, a PE ratio of 20.94, a P/E/G ratio of 2.23 and a beta of 0.90.
WNS (NYSE:WNS - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.05. The business had revenue of $339.90 million during the quarter, compared to analyst estimates of $323.13 million. WNS had a return on equity of 22.90% and a net margin of 12.11%. WNS's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 earnings per share. Analysts forecast that WNS will post 3.8 EPS for the current year.
WNS Company Profile
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Free Report)
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.
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