Bank of New York Mellon Corp Decreases Stake in WNS (Holdings) Limited (NYSE:WNS)

Bank of New York Mellon Corp cut its holdings in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 140,958 shares of the business services provider's stock after selling 4,192 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.30% of WNS worth $8,668,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Principal Financial Group Inc. increased its position in shares of WNS by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 157,659 shares of the business services provider's stock valued at $9,694,000 after purchasing an additional 5,333 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of WNS during the 1st quarter valued at $357,000. WCM Investment Management LLC increased its position in shares of WNS by 31.7% during the 1st quarter. WCM Investment Management LLC now owns 355,944 shares of the business services provider's stock valued at $21,826,000 after purchasing an additional 85,625 shares during the last quarter. KBC Group NV purchased a new stake in shares of WNS during the 1st quarter valued at $109,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in shares of WNS during the 1st quarter valued at $234,000. 97.36% of the stock is owned by hedge funds and other institutional investors.

WNS Price Performance

Shares of NYSE WNS traded up $0.16 during trading hours on Thursday, reaching $74.85. 1,225,059 shares of the stock traded hands, compared to its average volume of 1,141,128. The company has a market capitalization of $3.47 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 2.25 and a beta of 0.93. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. WNS has a 52-week low of $42.62 and a 52-week high of $75.09. The company's 50-day simple moving average is $63.12 and its two-hundred day simple moving average is $60.25.

WNS (NYSE:WNS - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The business services provider reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.05. The company had revenue of $339.90 million for the quarter, compared to analysts' expectations of $323.13 million. WNS had a return on equity of 23.26% and a net margin of 12.94%. WNS's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted $0.93 EPS. Equities research analysts forecast that WNS will post 3.8 EPS for the current year.

Wall Street Analyst Weigh In

WNS has been the subject of several research reports. Wall Street Zen downgraded WNS from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Jefferies Financial Group restated a "hold" rating and issued a $76.50 target price (down previously from $80.00) on shares of WNS in a research note on Tuesday, July 8th. William Blair downgraded WNS from a "strong-buy" rating to a "market perform" rating in a research report on Monday, July 7th. Barrington Research downgraded WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Finally, Needham & Company LLC downgraded WNS from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 7th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $68.13.

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.