WNS (Holdings) Limited $WNS Shares Sold by Cambiar Investors LLC

Key Points

• Cambiar Investors LLC reduced its stake in WNS (Holdings) Limited by 16.4%, owning approximately 0.06% of the company after selling 5,056 shares.
• A number of analysts have downgraded WNS, with Wall Street Zen and Barrington Research both moving their ratings from "buy" to "hold".
• WNS reported a quarterly earnings per share (EPS) of $1.02, exceeding analyst expectations, with revenues up 9.5% year-over-year at $339.90 million.

Cambiar Investors LLC lowered its position in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 16.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,732 shares of the business services provider's stock after selling 5,056 shares during the period. Cambiar Investors LLC owned about 0.06% of WNS worth $1,582,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. MetLife Investment Management LLC lifted its position in shares of WNS by 0.7% during the 4th quarter. MetLife Investment Management LLC now owns 25,575 shares of the business services provider's stock valued at $1,212,000 after acquiring an additional 187 shares during the period. LPL Financial LLC lifted its position in shares of WNS by 3.9% during the 4th quarter. LPL Financial LLC now owns 13,770 shares of the business services provider's stock valued at $653,000 after acquiring an additional 514 shares during the period. Cetera Investment Advisers lifted its position in shares of WNS by 11.6% during the 1st quarter. Cetera Investment Advisers now owns 5,731 shares of the business services provider's stock valued at $352,000 after acquiring an additional 597 shares during the period. Horizon Family Wealth Inc. lifted its position in shares of WNS by 12.8% during the 1st 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. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of WNS by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 104,471 shares of the business services provider's stock valued at $6,424,000 after acquiring an additional 1,117 shares during the period. Institutional investors and hedge funds own 97.36% of the company's stock.

WNS Trading Up 0.1%

WNS stock traded up $0.0950 during midday trading on Thursday, hitting $75.3950. The stock had a trading volume of 244,086 shares, compared to its average volume of 1,105,380. The firm has a market cap of $3.23 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 2.23 and a beta of 0.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.47 and a quick ratio of 1.47. WNS has a 12-month low of $42.62 and a 12-month high of $75.58. The company's 50-day moving average price is $70.00 and its 200 day moving average price is $63.48.

WNS (NYSE:WNS - Get Free Report) last released its earnings results on Thursday, July 24th. The business services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.97 by $0.05. The firm had revenue of $339.90 million during the quarter, compared to analysts' expectations of $323.13 million. WNS had a net margin of 12.11% and a return on equity of 22.90%. WNS's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 EPS. On average, equities research analysts predict that WNS will post 3.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WNS has been the subject of a number of research reports. 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 target for the company. Wall Street Zen downgraded shares of WNS from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Baird R W downgraded shares of WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Jefferies Financial Group restated a "hold" rating and set a $76.50 price objective (down from $80.00) on shares of WNS in a research report on Tuesday, July 8th. Finally, Needham & Company LLC downgraded WNS from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 7th. Two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $68.13.

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.