Aberdeen Group plc Lowers Position in WNS (Holdings) Limited $WNS

Key Points

• Aberdeen Group plc has reduced its stake in WNS (Holdings) Limited by 10.5%, now owning approximately 0.40% of the company, valued at about $11.6 million.
• WNS recently reported a quarterly earnings per share of $1.02, exceeding analysts' expectations and reflecting a 9.5% revenue increase compared to the previous year.
• Multiple analysts have downgraded WNS's stock rating, with the average target price currently set at $67.43 and the consensus rating being "Hold."

Aberdeen Group plc trimmed its stake in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 10.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 183,574 shares of the business services provider's stock after selling 21,616 shares during the quarter. Aberdeen Group plc owned about 0.40% of WNS worth $11,609,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of WNS. Quarry LP purchased a new stake in WNS in the first quarter valued at approximately $47,000. KBC Group NV purchased a new stake in WNS during the first quarter worth approximately $109,000. Dynamic Technology Lab Private Ltd purchased a new stake in WNS during the first quarter worth approximately $216,000. Global Alpha Capital Management Ltd. purchased a new stake in WNS during the first quarter worth approximately $217,000. Finally, Bailard Inc. purchased a new stake in WNS during the first quarter worth approximately $231,000. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

WNS Trading Up 0.0%

NYSE WNS opened at $76.39 on Thursday. WNS has a 12 month low of $42.62 and a 12 month high of $76.40. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 2.25 and a beta of 0.91. The company's fifty day moving average price is $75.73 and its two-hundred day moving average price is $67.95.

WNS (NYSE:WNS - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The business services provider reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.05. WNS had a net margin of 12.11% and a return on equity of 22.90%. The firm had revenue of $339.90 million for the quarter, compared to the consensus estimate of $323.13 million. During the same period in the prior year, the firm posted $0.93 EPS. The firm's revenue was up 9.5% compared to the same quarter last year. As a group, research analysts predict that WNS will post 3.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

WNS has been the subject of several research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of WNS in a research note on Wednesday, October 8th. Jefferies Financial Group reiterated a "hold" rating and set a $76.50 price objective (down from $80.00) on shares of WNS in a research note on Tuesday, July 8th. Baird R W downgraded shares of WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. William Blair downgraded shares of WNS from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 7th. Finally, Wall Street Zen downgraded shares of WNS from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $67.43.

About WNS

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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