WNS (Holdings) Limited $WNS Shares Sold by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management L.P. reduced its stake in WNS (Holdings) Limited by 27.9%, now holding 49,000 shares worth approximately $3.01 million.
• Multiple institutional investors, including Johnson Financial Group and NBC Securities, have recently purchased new stakes in WNS, contributing to 97.36% of the stock being owned by institutional investors.
• WNS has received several rating downgrades from analysts, with a current consensus rating of "Hold" and a price target averaging around $68.13.

Tocqueville Asset Management L.P. decreased its position in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 27.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,000 shares of the business services provider's stock after selling 19,000 shares during the quarter. Tocqueville Asset Management L.P. owned 0.11% of WNS worth $3,013,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WNS. Johnson Financial Group Inc. acquired a new position in shares of WNS in the fourth quarter worth $53,000. NBC Securities Inc. acquired a new position in shares of WNS in the first quarter worth $96,000. KBC Group NV acquired a new position in shares of WNS in the first quarter worth $109,000. Ironwood Wealth Management LLC. acquired a new position in shares of WNS in the first quarter worth $209,000. Finally, Global Alpha Capital Management Ltd. acquired a new position in shares of WNS in the first quarter worth $217,000. Hedge funds and other institutional investors own 97.36% of the company's stock.

WNS Stock Performance

NYSE WNS traded down $0.0840 during trading hours on Friday, hitting $75.4260. The company had a trading volume of 507,106 shares, compared to its average volume of 841,465. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.47 and a current ratio of 1.47. WNS has a 1-year low of $42.62 and a 1-year high of $75.58. The company has a market cap of $3.24 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 2.24 and a beta of 0.90. The business has a 50 day moving average of $70.60 and a 200-day moving average of $63.70.

WNS (NYSE:WNS - Get Free Report) last released 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. WNS had a net margin of 12.11% and a return on equity of 22.90%. The company had revenue of $339.90 million during the quarter, compared to the consensus estimate of $323.13 million. During the same quarter in the prior year, the firm posted $0.93 earnings per share. WNS's revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities research analysts expect that WNS will post 3.8 EPS for the current year.

Wall Street Analysts Forecast Growth

WNS has been the subject of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of WNS in a research note on Thursday, July 17th. They issued a "hold" rating and a $76.50 price target for the company. Jefferies Financial Group reiterated a "hold" rating and set a $76.50 target price (down previously from $80.00) on shares of WNS in a research note on Tuesday, July 8th. Needham & Company LLC downgraded shares of WNS from a "moderate buy" rating to a "hold" rating in a research note on Monday, July 7th. Barrington Research downgraded shares of WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Finally, Baird R W downgraded shares of WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $68.13.

WNS Company 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.