Bank of New York Mellon Corp Has $8.67 Million Position in WNS (Holdings) Limited (NYSE:WNS)

Bank of New York Mellon Corp lessened its position in WNS (Holdings) Limited (NYSE:WNS) by 2.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,958 shares of the business services provider’s stock after selling 4,192 shares during the period. Bank of New York Mellon Corp owned about 0.30% of WNS worth $8,668,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in WNS. Principal Financial Group Inc. raised its position in shares of WNS by 3.5% in the 1st quarter. Principal Financial Group Inc. now owns 157,659 shares of the business services provider’s stock valued at $9,694,000 after acquiring an additional 5,333 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of WNS in the 4th quarter valued at approximately $355,000. Kennedy Capital Management LLC acquired a new stake in shares of WNS in the 4th quarter valued at approximately $2,813,000. KBC Group NV acquired a new stake in shares of WNS in the 1st quarter valued at approximately $109,000. Finally, Millennium Management LLC raised its position in shares of WNS by 54.6% in the 4th quarter. Millennium Management LLC now owns 9,070 shares of the business services provider’s stock valued at $430,000 after acquiring an additional 3,204 shares during the period. Institutional investors and hedge funds own 97.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of WNS from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Jefferies Financial Group reissued a “hold” rating and issued a $76.50 target price (down from $80.00) on shares of WNS in a research note on Tuesday, July 8th. William Blair cut shares of WNS from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 7th. Baird R W cut shares of WNS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 8th. Finally, Barrington Research cut shares of WNS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 8th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, WNS currently has a consensus rating of “Hold” and an average target price of $68.13.

WNS Stock Up 0.0%

Shares of NYSE WNS opened at $74.81 on Tuesday. WNS has a 52 week low of $42.62 and a 52 week high of $74.96. The business has a 50-day simple moving average of $61.90 and a two-hundred day simple moving average of $59.85. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.47 billion, a P/E ratio of 19.17, a P/E/G ratio of 2.25 and a beta of 0.93.

WNS (NYSE:WNS) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $323.62 million. WNS had a return on equity of 23.26% and a net margin of 12.94%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the company posted $1.12 EPS. Research analysts anticipate that WNS will post 3.8 earnings per share for the current fiscal year.

About WNS

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.