Summit Creek Advisors LLC Trims Stock Position in WNS (Holdings) Limited (NYSE:WNS)

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 trimmed its holdings in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 13.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 289,203 shares of the business services provider's stock after selling 44,298 shares during the period. WNS makes up 2.6% of Summit Creek Advisors LLC's investment 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 SEC filing.

A number of other institutional investors also recently modified their holdings of WNS. Cetera Investment Advisers increased its holdings in shares of WNS by 11.6% during the first 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. Diamond Hill Capital Management Inc. lifted its stake in shares of WNS by 2.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 1,408,501 shares of the business services provider's stock valued at $86,609,000 after buying an additional 35,074 shares in the last quarter. 1492 Capital Management LLC grew its holdings in shares of WNS by 27.9% during the first quarter. 1492 Capital Management LLC now owns 111,333 shares of the business services provider's stock valued at $6,846,000 after buying an additional 24,285 shares during the last quarter. GW&K Investment Management LLC increased its position in shares of WNS by 47.8% during the first quarter. GW&K Investment Management LLC now owns 62,928 shares of the business services provider's stock worth $3,869,000 after acquiring an additional 20,356 shares in the last quarter. Finally, BKM Wealth Management LLC lifted its position in WNS by 11.1% in the 1st quarter. BKM Wealth Management LLC now owns 14,094 shares of the business services provider's stock valued at $867,000 after acquiring an additional 1,407 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company's stock.

WNS Price Performance

Shares of WNS traded down $0.07 during mid-day trading on Thursday, hitting $74.83. 691,881 shares of the stock were exchanged, compared to its average volume of 1,143,787. WNS has a 52-week low of $42.62 and a 52-week high of $75.14. 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 50-day moving average of $64.97 and a two-hundred day moving average of $61.27. The company has a market cap of $3.47 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 2.22 and a beta of 0.93.

WNS (NYSE:WNS - Get Free Report) last posted its earnings results on Thursday, July 24th. The business services provider reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.05. WNS had a net margin of 12.11% and a return on equity of 23.03%. The business had revenue of $339.90 million for the quarter, compared to the consensus estimate of $323.13 million. During the same quarter last year, the firm posted $0.93 EPS. The company's revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities analysts predict that WNS will post 3.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Needham & Company LLC lowered WNS from a "moderate buy" rating to a "hold" rating in a report on Monday, July 7th. Baird R W lowered WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Barrington Research downgraded shares of WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Wall Street Zen downgraded shares of WNS from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Finally, William Blair cut WNS from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 7th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $68.13.

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.