PNC Financial Services Group Inc. Buys Shares of 5,550 WNS (Holdings) Limited $WNS

Key Points

• PNC Financial Services Group Inc. acquired a new stake in WNS (Holdings) Limited, purchasing 5,550 shares valued at approximately $341,000 in the first quarter of 2023.
• Several analysts downgraded WNS from "strong-buy" ratings to "hold" ratings, with a consensus rating of "Hold" and an average price target of $68.13.
• WNS reported earnings of $1.02 per share for the last quarter, exceeding analyst expectations, with a revenue of $339.90 million, which is a 9.5% year-over-year increase.

PNC Financial Services Group Inc. bought a new stake in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,550 shares of the business services provider's stock, valued at approximately $341,000.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of WNS by 3.5% during the first 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. KBC Group NV acquired a new position in shares of WNS during the first quarter worth approximately $109,000. Teacher Retirement System of Texas acquired a new position in shares of WNS during the first quarter worth approximately $357,000. Envestnet Asset Management Inc. boosted its position in shares of WNS by 13.3% during the first quarter. Envestnet Asset Management Inc. now owns 65,188 shares of the business services provider's stock worth $4,008,000 after buying an additional 7,671 shares during the period. Finally, Millennium Management LLC boosted its position in shares of WNS by 54.6% during the fourth quarter. Millennium Management LLC now owns 9,070 shares of the business services provider's stock worth $430,000 after buying an additional 3,204 shares during the period. 97.36% of the stock is owned by institutional investors.

WNS Price Performance

Shares of NYSE WNS traded up $0.1750 during trading on Wednesday, hitting $75.3250. The company had a trading volume of 724,058 shares, compared to its average volume of 971,796. The company has a market cap of $3.23 billion, a P/E ratio of 20.98, a PEG ratio of 2.23 and a beta of 0.90. WNS has a 52 week low of $42.62 and a 52 week high of $75.58. The business's 50-day moving average is $70.00 and its 200 day moving average is $63.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.47 and a current ratio of 1.47.

WNS (NYSE:WNS - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 22.90% and a net margin of 12.11%.The firm's revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. Equities research analysts predict that WNS will post 3.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. William Blair downgraded WNS from a "strong-buy" rating to a "market perform" rating in a research report on Monday, July 7th. Jefferies Financial Group restated a "hold" rating and issued a $76.50 target price (down from $80.00) on shares of WNS in a research report on Tuesday, July 8th. Baird R W downgraded WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Needham & Company LLC downgraded WNS from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 7th. Finally, Wall Street Zen downgraded WNS from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.