Bank of New York Mellon Corp Lowers Holdings in WNS (Holdings) Limited (NYSE:WNS)

Bank of New York Mellon Corp decreased its position in WNS (Holdings) Limited (NYSE:WNS) by 2.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 140,958 shares of the business services provider’s stock after selling 4,192 shares during the quarter. Bank of New York Mellon Corp owned 0.30% of WNS worth $8,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in WNS. Principal Financial Group Inc. increased its position in WNS by 3.5% during 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 buying an additional 5,333 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of WNS in the first quarter valued at approximately $357,000. WCM Investment Management LLC lifted its position in WNS by 31.7% during the first quarter. WCM Investment Management LLC now owns 355,944 shares of the business services provider’s stock worth $21,826,000 after buying an additional 85,625 shares in the last quarter. KBC Group NV purchased a new position in WNS during the first quarter worth approximately $109,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in WNS in the first quarter valued at $234,000. Institutional investors own 97.36% of the company’s stock.

Wall Street Analyst Weigh In

WNS has been the subject of several research reports. Barrington Research downgraded WNS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft began coverage on WNS in a report on Thursday, July 17th. They issued a “hold” rating and a $76.50 price target on the stock. William Blair cut WNS from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 7th. Jefferies Financial Group reissued a “hold” rating and set a $76.50 price target (down previously from $80.00) on shares of WNS in a research note on Tuesday, July 8th. Finally, Wall Street Zen lowered WNS from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $68.13.

WNS Trading Up 0.0%

WNS opened at $74.81 on Tuesday. WNS has a 1-year low of $42.62 and a 1-year high of $74.96. The company has a current ratio of 1.76, a quick 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 price-to-earnings-growth ratio of 2.25 and a beta of 0.93. The company has a fifty day moving average price of $61.90 and a two-hundred day moving average price of $59.85.

WNS (NYSE:WNS) last released its earnings results on Thursday, April 24th. The business services provider reported $1.45 earnings per share 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 12.94% and a return on equity of 23.26%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company earned $1.12 earnings per share. Analysts predict that WNS will post 3.8 EPS 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.