Russell Investments Group Ltd. Has $8.02 Million Position in 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. lessened its stake in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 31.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,557 shares of the business services provider's stock after selling 59,136 shares during the quarter. Russell Investments Group Ltd. owned about 0.28% of WNS worth $8,024,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MetLife Investment Management LLC increased its position in WNS by 0.7% in the 4th quarter. MetLife Investment Management LLC now owns 25,575 shares of the business services provider's stock valued at $1,212,000 after acquiring an additional 187 shares in the last quarter. LPL Financial LLC increased its position in WNS by 3.9% in 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 in the last quarter. Cetera Investment Advisers increased its position in WNS by 11.6% in the 1st quarter. Cetera Investment Advisers now owns 5,731 shares of the business services provider's stock valued at $352,000 after acquiring an additional 597 shares in the last quarter. Horizon Family Wealth Inc. increased its position in WNS by 12.8% in the 1st quarter. Horizon Family Wealth Inc. now owns 7,442 shares of the business services provider's stock valued at $458,000 after acquiring an additional 843 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in WNS by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 104,471 shares of the business services provider's stock valued at $6,424,000 after acquiring an additional 1,117 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on WNS shares. Baird R W cut shares of WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Needham & Company LLC cut shares of WNS from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 7th. Jefferies Financial Group restated a "hold" rating and issued a $76.50 price objective (down previously from $80.00) on shares of WNS in a research report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of WNS in a research report on Thursday, July 17th. They set a "hold" rating and a $76.50 price target for the company. Finally, Wall Street Zen cut shares of WNS from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Two analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $68.13.

WNS Trading Up 0.2%

Shares of NYSE:WNS traded up $0.1250 during trading on Monday, hitting $75.5050. 393,711 shares of the company's stock were exchanged, compared to its average volume of 814,361. WNS has a 1-year low of $42.62 and a 1-year high of $75.58. The firm has a 50-day moving average price of $70.92 and a two-hundred day moving average price of $63.87. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.18. The firm has a market cap of $3.24 billion, a P/E ratio of 21.03, a PEG ratio of 2.24 and a beta of 0.90.

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, beating 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%. The business's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share. Equities analysts predict that WNS will post 3.8 earnings per share for the current 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.