Granahan Investment Management LLC Sells 54,718 Shares of WNS (Holdings) Limited (NYSE:WNS)

Granahan Investment Management LLC reduced its stake in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 78.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,688 shares of the business services provider's stock after selling 54,718 shares during the period. Granahan Investment Management LLC's holdings in WNS were worth $696,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Johnson Financial Group Inc. purchased a new stake in shares of WNS in the fourth quarter valued at approximately $53,000. Blue Trust Inc. grew its position in WNS by 65.0% during the fourth quarter. Blue Trust Inc. now owns 4,397 shares of the business services provider's stock valued at $208,000 after acquiring an additional 1,732 shares during the period. Pictet Asset Management Holding SA purchased a new position in shares of WNS in the 4th quarter valued at $213,000. Cetera Investment Advisers boosted its holdings in WNS by 35.0% in the 4th quarter. Cetera Investment Advisers now owns 5,134 shares of the business services provider's stock worth $243,000 after acquiring an additional 1,331 shares during the period. Finally, Mount Yale Investment Advisors LLC boosted its position in WNS by 18.1% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,261 shares of the business services provider's stock valued at $249,000 after buying an additional 805 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WNS has been the subject of several research reports. Needham & Company LLC lifted their price target on shares of WNS from $65.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. StockNews.com raised WNS from a "hold" rating to a "buy" rating in a report on Friday, January 24th. Jefferies Financial Group decreased their target price on shares of WNS from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Robert W. Baird increased their price objective on WNS from $58.00 to $66.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Finally, Barrington Research restated an "outperform" rating and set a $75.00 target price on shares of WNS in a research note on Friday, April 25th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, WNS has an average rating of "Moderate Buy" and an average target price of $62.25.

WNS Stock Performance

Shares of WNS traded up $0.33 during mid-day trading on Friday, reaching $55.89. The company's stock had a trading volume of 228,299 shares, compared to its average volume of 559,894. The stock has a market cap of $2.59 billion, a P/E ratio of 19.54, a PEG ratio of 2.10 and a beta of 0.94. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $61.83 and a two-hundred day simple moving average of $55.68. WNS has a 1-year low of $42.62 and a 1-year high of $72.11.

WNS (NYSE:WNS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.04. The business had revenue of $336.30 million for the quarter, compared to the consensus estimate of $323.62 million. WNS had a return on equity of 22.25% and a net margin of 10.03%. The firm's quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.12 earnings per share. As a group, equities research analysts anticipate that WNS will post 3.8 earnings per share for the current fiscal year.

WNS Company 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.