Vanguard Group Inc. Has $24.14 Million Holdings in WNS (Holdings) Limited $WNS

Key Points

• Vanguard Group Inc. reduced its stake in WNS (Holdings) Limited by 5.5% to approximately $24.14 million, after selling 23,045 shares in the first quarter.
• WNS reported $1.02 earnings per share for the quarter, surpassing the consensus estimate of $0.97, along with a revenue increase of 9.5% year-over-year.
• Investment analysts have generally downgraded WNS's rating, with the stock currently holding a consensus rating of "Hold" and an average target price of $68.13.

Vanguard Group Inc. trimmed its holdings in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 5.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 392,511 shares of the business services provider's stock after selling 23,045 shares during the quarter. Vanguard Group Inc. owned about 0.85% of WNS worth $24,136,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. bought a new stake in WNS during the first quarter valued at about $96,000. KBC Group NV bought a new stake in WNS during the first quarter valued at about $109,000. Ironwood Wealth Management LLC. bought a new stake in WNS during the first quarter valued at about $209,000. Bailard Inc. bought a new stake in WNS during the first quarter valued at about $231,000. Finally, Yorktown Management & Research Co Inc bought a new stake in WNS during the first quarter valued at about $234,000. 97.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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 target price for the company. Baird R W cut shares of WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. William Blair cut shares of WNS from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 7th. Jefferies Financial Group restated a "hold" rating and set a $76.50 price target (down previously from $80.00) on shares of WNS in a research note on Tuesday, July 8th. Finally, Barrington Research cut shares of WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, WNS has a consensus rating of "Hold" and a consensus price target of $68.13.

WNS Price Performance

Shares of NYSE WNS traded down $0.01 during mid-day trading on Monday, hitting $75.49. 540,408 shares of the stock were exchanged, compared to its average volume of 614,068. The company 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 0.91. The stock's fifty day simple moving average is $72.33 and its two-hundred day simple moving average is $64.32. 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 twelve month low of $42.62 and a twelve month high of $75.58.

WNS (NYSE:WNS - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The business services provider reported $1.02 earnings per share 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 22.90%. The business had revenue of $339.90 million during the quarter, compared to analyst estimates of $323.13 million. During the same quarter last year, the business posted $0.93 earnings per share. WNS's revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, analysts forecast that WNS will post 3.8 EPS for the current fiscal year.

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.