Russell Investments Group Ltd. Sells 59,136 Shares of WNS (Holdings) Limited $WNS

Key Points

• Russell Investments Group Ltd. reduced its position in WNS (Holdings) Limited by 31.2%, selling 59,136 shares and retaining a total of 130,557 shares worth approximately $8.02 million.
• Major institutional investors have increased their stakes in WNS, with 97.36% of the stock now owned by such investors, indicating strong institutional interest.
• WNS has received several downgrades from analysts, with the current average rating at "Hold" and a price target of $68.13, reflecting caution regarding future performance.

Russell Investments Group Ltd. reduced its position in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 31.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 130,557 shares of the business services provider's stock after selling 59,136 shares during the quarter. Russell Investments Group Ltd. owned 0.28% of WNS worth $8,024,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. LPL Financial LLC grew its stake in shares of WNS by 3.9% during the 4th quarter. LPL Financial LLC now owns 13,770 shares of the business services provider's stock valued at $653,000 after acquiring an additional 514 shares during the period. Wells Fargo & Company MN grew its stake in shares of WNS by 24.1% during the 4th quarter. Wells Fargo & Company MN now owns 30,665 shares of the business services provider's stock valued at $1,453,000 after acquiring an additional 5,958 shares during the period. Legal & General Group Plc grew its stake in shares of WNS by 496.5% during the 4th quarter. Legal & General Group Plc now owns 51,119 shares of the business services provider's stock valued at $2,423,000 after acquiring an additional 42,549 shares during the period. Barclays PLC grew its stake in shares of WNS by 12.4% during the 4th quarter. Barclays PLC now owns 76,439 shares of the business services provider's stock valued at $3,622,000 after acquiring an additional 8,432 shares during the period. Finally, Jump Financial LLC bought a new position in shares of WNS during the 4th quarter valued at approximately $831,000. 97.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WNS has been the subject of a number of recent research reports. William Blair downgraded WNS from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 7th. Barrington Research downgraded WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Jefferies Financial Group reiterated a "hold" rating and set a $76.50 price objective (down from $80.00) on shares of WNS in a research note on Tuesday, July 8th. Needham & Company LLC downgraded WNS from a "moderate buy" rating to a "hold" rating in a research note on Monday, July 7th. Finally, Wall Street Zen downgraded WNS from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, WNS currently has an average rating of "Hold" and an average target price of $68.13.

WNS Trading Up 0.0%

WNS stock opened at $75.1480 on Wednesday. WNS has a 1-year low of $42.62 and a 1-year high of $75.32. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 2.23 and a beta of 0.90. The business has a 50 day simple moving average of $69.70 and a two-hundred day simple moving average of $63.40.

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 for the quarter, topping the consensus estimate of $0.97 by $0.05. The business had revenue of $339.90 million during 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 firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. Research analysts anticipate that WNS will post 3.8 EPS for the current fiscal year.

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.

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