Rhumbline Advisers Sells 3,917 Shares of WNS (Holdings) Limited $WNS

Key Points

• Rhumbline Advisers reduced its stake in WNS (Holdings) Limited by 6.1%, selling 3,917 shares to hold 60,086 shares worth approximately $3.7 million.
• WNS reported an EPS of $1.02 for the latest quarter, exceeding the consensus estimate of $0.97, and a revenue of $339.90 million, higher than expected.
• Recent analyst ratings have downgraded WNS from "strong-buy" to "hold," with an average price target of $67.43, indicating cautious sentiment among market analysts.

Rhumbline Advisers lowered its position in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 6.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,086 shares of the business services provider's stock after selling 3,917 shares during the period. Rhumbline Advisers owned 0.13% of WNS worth $3,695,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Quarry LP bought a new position in WNS during the 1st quarter worth $47,000. NBC Securities Inc. bought a new position in WNS during the 1st quarter worth $96,000. KBC Group NV bought a new position in WNS during the 1st quarter worth $109,000. Ironwood Wealth Management LLC. bought a new position in WNS during the 1st quarter worth $209,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in WNS during the 1st quarter worth $216,000. Institutional investors own 97.36% of the company's stock.

WNS Trading Down 0.1%

NYSE WNS opened at $75.66 on Monday. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 2.25 and a beta of 0.91. WNS has a twelve month low of $42.62 and a twelve month high of $75.84. The business's fifty day moving average is $75.07 and its 200 day moving average is $65.57. 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 (NYSE:WNS - Get Free Report) last announced its earnings results on Thursday, July 24th. The business services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.97 by $0.05. The firm had revenue of $339.90 million for the quarter, compared to the consensus estimate of $323.13 million. WNS had a return on equity of 22.90% and a net margin of 12.11%.The business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. As a group, sell-side analysts expect that WNS will post 3.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WNS. Barrington Research downgraded WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Needham & Company LLC downgraded WNS from a "moderate buy" rating to a "hold" rating in a report on Monday, July 7th. Wall Street Zen downgraded WNS from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Deutsche Bank Aktiengesellschaft began coverage on WNS in a report on Thursday, July 17th. They issued a "hold" rating and a $76.50 target price on the stock. Finally, William Blair downgraded WNS from a "strong-buy" rating to a "market perform" rating in a report on Monday, July 7th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, WNS currently has an average rating of "Hold" and a consensus price target of $67.43.

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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