PNC Financial Services Group Inc. Purchases 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 position in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,550 shares of the business services provider's stock, valued at approximately $341,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new stake in WNS during the fourth quarter worth approximately $53,000. NBC Securities Inc. acquired a new stake in WNS during the 1st quarter valued at $96,000. KBC Group NV acquired a new stake in WNS during the 1st quarter valued at $109,000. Ironwood Wealth Management LLC. acquired a new stake in WNS during the 1st quarter valued at $209,000. Finally, Bailard Inc. acquired a new stake in WNS during the 1st quarter valued at $231,000. Institutional investors own 97.36% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. William Blair downgraded shares of WNS from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 7th. Barrington Research downgraded shares of WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Jefferies Financial Group reissued a "hold" rating and set a $76.50 target price (down from $80.00) on shares of WNS in a research note on Tuesday, July 8th. Baird R W downgraded shares of WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of WNS in a report on Thursday, July 17th. They set a "hold" rating and a $76.50 price target on the stock. Two investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $68.13.

WNS Stock Up 0.0%

NYSE:WNS traded up $0.0150 during trading hours on Wednesday, reaching $75.1650. The company's stock had a trading volume of 26,867 shares, compared to its average volume of 1,106,298. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 2.23 and a beta of 0.90. WNS has a one year low of $42.62 and a one year high of $75.32. The business's 50-day moving average is $69.70 and its 200-day moving average is $63.40. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.47 and a quick ratio of 1.47.

WNS (NYSE:WNS - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.05. The firm had revenue of $339.90 million during the quarter, compared to analysts' expectations of $323.13 million. WNS had a net margin of 12.11% and a return on equity of 22.90%. WNS's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. Equities research analysts predict 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.