WNS (Holdings) Limited (NYSE:WNS) Shares Sold by Summit Creek Advisors LLC

Key Points

• Summit Creek Advisors LLC has reduced its stake in WNS (Holdings) Limited by 13.3%, selling 44,298 shares and now holding 289,203 shares, which represent about 2.6% of its portfolio.
• Multiple analysts have downgraded WNS from "strong-buy" or "moderate buy" to "hold," resulting in an average rating of "Hold" and a target price of $68.13.
• WNS reported Q2 earnings of $1.02 per share, surpassing estimates and showing a 9.5% increase in year-over-year revenue, reaching $339.90 million.

Summit Creek Advisors LLC reduced its stake in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 13.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 289,203 shares of the business services provider's stock after selling 44,298 shares during the quarter. WNS comprises about 2.6% of Summit Creek Advisors LLC's portfolio, making the stock its 15th largest holding. Summit Creek Advisors LLC owned about 0.63% of WNS worth $17,783,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Johnson Financial Group Inc. purchased a new position in shares of WNS during the 4th quarter valued at approximately $53,000. NBC Securities Inc. purchased a new position in WNS in the 1st quarter valued at $96,000. KBC Group NV purchased a new position in WNS in the 1st quarter valued at $109,000. Ironwood Wealth Management LLC. purchased a new position in WNS in the 1st quarter valued at $209,000. Finally, Bailard Inc. purchased a new position in WNS in the 1st quarter valued at $231,000. Institutional investors and hedge funds own 97.36% of the company's stock.

WNS Stock Up 0.1%

Shares of WNS traded up $0.04 during midday trading on Monday, hitting $74.76. The company had a trading volume of 1,562,645 shares, compared to its average volume of 4,084,699. The company's 50-day simple moving average is $64.25 and its 200-day simple moving average is $61.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market capitalization of $3.47 billion, a P/E ratio of 20.82, a P/E/G ratio of 2.25 and a beta of 0.93. WNS has a 1 year low of $42.62 and a 1 year high of $75.09.

WNS (NYSE:WNS - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $339.90 million during the quarter, compared to analysts' expectations of $323.13 million. WNS had a return on equity of 23.03% 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 quarter last year, the business posted $0.93 EPS. As a group, sell-side analysts expect that WNS will post 3.8 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen lowered WNS from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. William Blair lowered WNS from a "strong-buy" rating to a "market perform" rating in a report on Monday, July 7th. Jefferies Financial Group reiterated a "hold" rating and set a $76.50 price target (down previously from $80.00) on shares of WNS in a report on Tuesday, July 8th. Baird R W lowered WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Finally, Needham & Company LLC lowered WNS from a "moderate buy" rating to a "hold" rating in a report on Monday, July 7th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $68.13.

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.