Renaissance Technologies LLC Reduces Holdings in WNS (Holdings) Limited (NYSE:WNS)

Renaissance Technologies LLC lowered its stake in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 74.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,300 shares of the business services provider's stock after selling 155,700 shares during the quarter. Renaissance Technologies LLC owned 0.11% of WNS worth $2,526,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legal & General Group Plc increased its stake in WNS by 496.5% in the 4th quarter. Legal & General Group Plc now owns 51,119 shares of the business services provider's stock valued at $2,423,000 after buying an additional 42,549 shares during the last quarter. Federated Hermes Inc. purchased a new stake in WNS in the 4th quarter worth approximately $590,000. Wells Fargo & Company MN increased its stake in WNS by 24.1% in the 4th quarter. Wells Fargo & Company MN now owns 30,665 shares of the business services provider's stock worth $1,453,000 after acquiring an additional 5,958 shares during the last quarter. Trexquant Investment LP grew its holdings in shares of WNS by 328.9% during the fourth quarter. Trexquant Investment LP now owns 90,433 shares of the business services provider's stock worth $4,286,000 after purchasing an additional 69,348 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of WNS in the fourth quarter worth approximately $3,664,000. 97.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

WNS Trading Up 1.1 %

Shares of WNS stock traded up $0.63 on Wednesday, hitting $60.63. The stock had a trading volume of 861,893 shares, compared to its average volume of 556,661. The stock's 50-day simple moving average is $61.94 and its two-hundred day simple moving average is $54.96. WNS has a one year low of $41.61 and a one year high of $72.11. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 2.10 and a beta of 0.96.

WNS (NYSE:WNS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.04. The firm had revenue of $336.30 million for the quarter, compared to analysts' expectations of $323.62 million. WNS had a net margin of 10.03% and a return on equity of 22.25%. The company's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.12 earnings per share. As a group, sell-side analysts predict that WNS will post 3.8 EPS for the current 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.