WNS (Holdings) Limited (NYSE:WNS) Shares Sold by Nalanda India Fund LTD

Key Points

• Nalanda India Fund LTD reduced its stake in WNS (Holdings) Limited by 2%, holding 2,983,129 shares valued at approximately $183.43 million, making it their largest position.
• Multiple brokerages have recently downgraded WNS's rating to "hold," with an average price target of $68.13, reflecting a cautious outlook on the stock's performance.
• WNS reported $1.02 earnings per share for the last quarter, surpassing estimates and showing a year-over-year revenue growth of 9.5% to $339.90 million.

Nalanda India Fund LTD trimmed its position in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,983,129 shares of the business services provider's stock after selling 61,533 shares during the period. WNS makes up 100.0% of Nalanda India Fund LTD's portfolio, making the stock its biggest holding. Nalanda India Fund LTD owned approximately 6.45% of WNS worth $183,433,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Horizon Family Wealth Inc. boosted its holdings in WNS by 12.8% during the first quarter. Horizon Family Wealth Inc. now owns 7,442 shares of the business services provider's stock valued at $458,000 after acquiring an additional 843 shares during the period. Westfield Capital Management Co. LP bought a new stake in WNS during the first quarter valued at about $51,712,000. PNC Financial Services Group Inc. bought a new stake in WNS during the first quarter valued at about $341,000. Natixis Advisors LLC boosted its holdings in WNS by 2.8% during the first quarter. Natixis Advisors LLC now owns 54,545 shares of the business services provider's stock valued at $3,354,000 after acquiring an additional 1,507 shares during the period. Finally, Mackenzie Financial Corp bought a new stake in WNS during the first quarter valued at about $390,000. 97.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WNS. Barrington Research cut shares of WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Needham & Company LLC cut shares of WNS from a "moderate buy" rating to a "hold" rating in a report on Monday, July 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of WNS in a research report on Thursday, July 17th. They set a "hold" rating and a $76.50 price objective for the company. Baird R W lowered shares of WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen lowered shares of WNS from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Nine 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.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $68.13.

WNS Price Performance

NYSE:WNS traded up $0.06 during mid-day trading on Friday, hitting $74.89. The company's stock had a trading volume of 962,581 shares, compared to its average volume of 2,152,379. WNS has a fifty-two week low of $42.62 and a fifty-two week high of $75.14. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 2.22 and a beta of 0.90. The stock has a fifty day moving average of $67.40 and a 200-day moving average of $62.76.

WNS (NYSE:WNS - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.05. WNS had a net margin of 12.11% and a return on equity of 23.03%. The firm had revenue of $339.90 million during the quarter, compared to analyst estimates of $323.13 million. During the same quarter in the prior year, the business posted $0.93 earnings per share. The company's quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities 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.