BKM Wealth Management LLC Decreases Stock Position in WNS (Holdings) Limited $WNS

Key Points

• BKM Wealth Management LLC has reduced its stake in WNS (Holdings) Limited by 25.9%, now holding 10,441 shares valued at approximately $660,000.
• WNS reported earnings of $1.02 per share in its latest quarter, exceeding analysts' expectations and demonstrating a 9.5% year-over-year revenue growth.
• The stock currently has a consensus rating of "Hold" from analysts, with target prices ranging from $72.80 to $76.50.

BKM Wealth Management LLC trimmed its position in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 25.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,441 shares of the business services provider's stock after selling 3,653 shares during the period. BKM Wealth Management LLC's holdings in WNS were worth $660,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in WNS by 3.5% in 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 in the last quarter. KBC Group NV acquired a new position in shares of WNS during the 1st quarter valued at about $109,000. Voya Investment Management LLC increased its stake in shares of WNS by 4,316.0% during the 1st quarter. Voya Investment Management LLC now owns 568,206 shares of the business services provider's stock valued at $34,939,000 after acquiring an additional 555,339 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of WNS by 13.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 65,188 shares of the business services provider's stock valued at $4,008,000 after acquiring an additional 7,671 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of WNS during the 1st quarter valued at about $357,000. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

WNS Stock Down 0.6%

WNS stock opened at $75.98 on Friday. WNS has a twelve month low of $42.62 and a twelve month high of $76.48. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $3.26 billion, a P/E ratio of 21.16, a PEG ratio of 2.25 and a beta of 0.91. The firm has a 50 day simple moving average of $75.78 and a 200-day simple moving average of $68.13.

WNS (NYSE:WNS - Get Free Report) last released its earnings results on Thursday, July 24th. The business services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.05. The company had revenue of $339.90 million during the quarter, compared to the consensus estimate of $323.13 million. WNS had a net margin of 12.11% and a return on equity of 22.90%. The company's revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 EPS. On average, equities research analysts predict that WNS will post 3.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of WNS in a research note on Thursday, July 17th. They set a "hold" rating and a $76.50 price objective for the company. Needham & Company LLC downgraded shares of WNS from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 7th. Jefferies Financial Group reissued a "hold" rating and set a $76.50 target price (down previously from $80.00) on shares of WNS in a research report on Tuesday, July 8th. Weiss Ratings reissued a "hold (c)" rating on shares of WNS in a research report on Wednesday, October 8th. Finally, Barrington Research downgraded shares of WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $72.80.

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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