WNS (Holdings) Limited $WNS Shares Sold by Hsbc Holdings PLC

Key Points

• HSBC Holdings PLC has reduced its stake in WNS (Holdings) Limited by 52.8%, now holding 4,983 shares valued at $303,000.
• Several other institutional investors are increasing their positions in WNS, with Cetera Investment Advisers raising its stake by 11.6% to 5,731 shares.
• WNS received multiple downgrades from analysts, with current ratings showing two "Buy" and eight "Hold" ratings, alongside an average target price of $68.13.

Hsbc Holdings PLC decreased its stake in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 52.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,983 shares of the business services provider's stock after selling 5,565 shares during the period. Hsbc Holdings PLC's holdings in WNS were worth $303,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in WNS. NBC Securities Inc. purchased a new position in WNS during the first quarter worth about $96,000. KBC Group NV bought a new position in WNS during the 1st quarter valued at approximately $109,000. Ironwood Wealth Management LLC. bought a new position in WNS during the 1st quarter valued at approximately $209,000. Global Alpha Capital Management Ltd. bought a new position in shares of WNS in the 1st quarter worth approximately $217,000. Finally, Bailard Inc. bought a new position in shares of WNS in the 1st quarter worth approximately $231,000. 97.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Needham & Company LLC downgraded WNS from a "moderate buy" rating to a "hold" rating in a research note on Monday, July 7th. Baird R W cut WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Jefferies Financial Group reissued a "hold" rating and set a $76.50 price target (down from $80.00) on shares of WNS in a report on Tuesday, July 8th. Wall Street Zen lowered WNS from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Barrington Research lowered WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $67.43.

WNS Stock Performance

Shares of WNS traded down $0.02 during trading hours on Tuesday, reaching $75.50. 95,981 shares of the company traded hands, compared to its average volume of 1,072,311. The stock has a market capitalization of $3.24 billion, a P/E ratio of 21.03, a P/E/G ratio of 2.24 and a beta of 0.91. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.18. WNS has a 12-month low of $42.62 and a 12-month high of $75.58. The business has a fifty day moving average price of $74.23 and a 200-day moving average price of $65.06.

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. 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 analyst estimates of $323.13 million. During the same period in the previous year, the company earned $0.93 earnings per share. The business's quarterly revenue was up 9.5% compared to the same quarter last year. Equities analysts anticipate that WNS will post 3.8 EPS for the current fiscal year.

WNS Company 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.