Bank of America Corp DE Sells 23,931 Shares of WNS (Holdings) Limited (NYSE:WNS)

Bank of America Corp DE lessened its position in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 287,549 shares of the business services provider's stock after selling 23,931 shares during the quarter. Bank of America Corp DE owned about 0.60% of WNS worth $13,627,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new stake in WNS during the 4th quarter worth about $53,000. Blue Trust Inc. boosted its stake in shares of WNS by 65.0% in the 4th quarter. Blue Trust Inc. now owns 4,397 shares of the business services provider's stock valued at $208,000 after purchasing an additional 1,732 shares during the last quarter. Pictet Asset Management Holding SA acquired a new stake in shares of WNS during the 4th quarter worth approximately $213,000. Mount Yale Investment Advisors LLC raised its stake in shares of WNS by 18.1% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,261 shares of the business services provider's stock worth $249,000 after buying an additional 805 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in WNS in the fourth quarter valued at approximately $254,000. Institutional investors own 97.36% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on WNS. Barrington Research reaffirmed an "outperform" rating and issued a $75.00 price objective on shares of WNS in a research note on Friday, April 25th. StockNews.com upgraded WNS from a "hold" rating to a "buy" rating in a research report on Friday, January 24th. Needham & Company LLC upped their price objective on WNS from $65.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Finally, Robert W. Baird increased their target price on WNS from $58.00 to $66.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $62.25.

WNS Price Performance

WNS opened at $56.55 on Thursday. The stock has a market cap of $2.63 billion, a P/E ratio of 19.77, a P/E/G ratio of 2.10 and a beta of 0.94. WNS has a 12 month low of $42.62 and a 12 month high of $72.11. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $61.57 and a 200 day simple moving average of $55.91.

WNS (NYSE:WNS - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.04. The firm had revenue of $336.30 million during the quarter, compared to analysts' expectations of $323.62 million. WNS had a return on equity of 22.25% and a net margin of 10.03%. The company's revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 earnings per share. On average, research analysts expect that WNS will post 3.8 EPS for the current year.

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.

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