US Bancorp DE Cuts Position in WNS (Holdings) Limited $WNS

Key Points

• US Bancorp DE has reduced its stake in WNS (Holdings) Limited by 10.1%, now owning approximately 29,459 shares valued at $1,863,000.
• WNS reported a quarterly earnings per share (EPS) of $1.02, surpassing estimates, with revenue growth of 9.5% year-over-year to $339.90 million.
• Several financial analysts have dropped their ratings for WNS from "buy" to "hold," with the overall consensus now at a "hold" rating and a price target dropping to $67.43.

US Bancorp DE cut its stake in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 10.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,459 shares of the business services provider's stock after selling 3,323 shares during the period. US Bancorp DE owned about 0.06% of WNS worth $1,863,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WNS. Westfield Capital Management Co. LP purchased a new position in WNS in the first quarter worth $51,712,000. Nuveen LLC bought a new stake in WNS in the first quarter worth $37,321,000. Voya Investment Management LLC lifted its stake in WNS by 4,316.0% in the first quarter. Voya Investment Management LLC now owns 568,206 shares of the business services provider's stock worth $34,939,000 after purchasing an additional 555,339 shares during the last quarter. MetLife Investment Management LLC lifted its stake in WNS by 1,160.1% in the first quarter. MetLife Investment Management LLC now owns 322,258 shares of the business services provider's stock worth $19,816,000 after purchasing an additional 296,683 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in WNS in the first quarter worth $13,722,000. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

WNS Price Performance

Shares of NYSE WNS opened at $76.39 on Thursday. WNS has a 1 year low of $42.62 and a 1 year high of $76.40. 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's 50-day moving average is $75.73 and its 200 day moving average is $67.95. The stock has a market capitalization of $3.28 billion, a P/E ratio of 21.28, a P/E/G ratio of 2.25 and a beta of 0.91.

WNS (NYSE:WNS - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $323.13 million. During the same quarter in the previous year, the company earned $0.93 earnings per share. WNS's quarterly revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts expect that WNS will post 3.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wall Street Zen downgraded shares of WNS from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Jefferies Financial Group reissued a "hold" rating and issued a $76.50 price target (down 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. Weiss Ratings reissued a "hold (c)" rating on shares of WNS in a research note on Wednesday, October 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. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $67.43.

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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