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 lowered its holdings in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,983,129 shares of the business services provider's stock after selling 61,533 shares during the period. WNS comprises about 100.0% of Nalanda India Fund LTD's investment portfolio, making the stock its biggest holding. Nalanda India Fund LTD owned about 6.45% of WNS worth $183,433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WNS. LPL Financial LLC grew its position in shares of WNS by 3.9% during the fourth quarter. LPL Financial LLC now owns 13,770 shares of the business services provider's stock worth $653,000 after acquiring an additional 514 shares during the last quarter. Vanguard Group Inc. boosted its stake in WNS by 27.1% during the 4th quarter. Vanguard Group Inc. now owns 415,556 shares of the business services provider's stock valued at $19,693,000 after purchasing an additional 88,698 shares during the period. Pictet Asset Management Holding SA bought a new position in WNS in the 4th quarter worth about $213,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of WNS in the fourth quarter valued at approximately $3,664,000. Finally, Wells Fargo & Company MN raised its holdings in shares of WNS by 24.1% during the fourth quarter. Wells Fargo & Company MN now owns 30,665 shares of the business services provider's stock valued at $1,453,000 after buying an additional 5,958 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Baird R W lowered WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Wall Street Zen lowered WNS from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. William Blair lowered WNS from a "strong-buy" rating to a "market perform" rating in a report on Monday, July 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of WNS in a research note on Thursday, July 17th. They set a "hold" rating and a $76.50 price objective on the stock. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $76.50 target price (down previously from $80.00) on shares of WNS in a research report on Tuesday, July 8th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $68.13.

WNS Price Performance

Shares of WNS stock traded up $0.06 during trading on Friday, hitting $74.89. The stock had a trading volume of 962,581 shares, compared to its average volume of 2,152,379. The business has a fifty day moving average of $67.40 and a two-hundred day moving average of $62.67. The firm has a market cap of $3.48 billion, a P/E ratio of 20.86, a PEG ratio of 2.22 and a beta of 0.90. WNS has a fifty-two week low of $42.62 and a fifty-two week high of $75.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.76.

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. The company had revenue of $339.90 million during the quarter, compared to the consensus estimate of $323.13 million. WNS had a net margin of 12.11% and a return on equity of 23.03%. WNS's revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 EPS. On average, sell-side analysts expect that WNS will post 3.8 earnings per share 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.