Bank of New York Mellon Corp Sells 4,192 Shares of WNS (Holdings) Limited (NYSE:WNS)

Bank of New York Mellon Corp reduced its position in WNS (Holdings) Limited (NYSE:WNS) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 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 hedge funds have also modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of WNS by 3.5% in the first quarter. Principal Financial Group Inc. now owns 157,659 shares of the business services provider’s stock worth $9,694,000 after buying an additional 5,333 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of WNS in the first quarter valued at $357,000. WCM Investment Management LLC raised its stake in shares of WNS by 31.7% in the first quarter. WCM Investment Management LLC now owns 355,944 shares of the business services provider’s stock valued at $21,826,000 after acquiring an additional 85,625 shares during the period. KBC Group NV purchased a new stake in shares of WNS in the first quarter valued at $109,000. Finally, Yorktown Management & Research Co Inc bought a new position in shares of WNS in the first quarter worth about $234,000. 97.36% of the stock is currently owned by institutional investors.

WNS Trading Up 0.0%

Shares of WNS stock opened at $74.81 on Tuesday. WNS has a fifty-two week low of $42.62 and a fifty-two week high of $74.96. The stock has a 50-day simple moving average of $61.90 and a 200 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 stock has a market capitalization 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 earnings results on Thursday, April 24th. The business services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.04. WNS had a return on equity of 23.26% and a net margin of 12.94%. The business had revenue of $336.30 million during the quarter, compared to analyst estimates of $323.62 million. During the same period in the previous year, the company posted $1.12 EPS. The firm’s revenue was down .8% compared to the same quarter last year. On average, sell-side analysts expect that WNS will post 3.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WNS has been the subject of several research analyst reports. Baird R W lowered shares of WNS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 8th. Barrington Research cut shares of WNS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of WNS in a research note on Thursday, July 17th. They set a “hold” rating and a $76.50 price objective 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. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $76.50 target price (down previously from $80.00) on shares of WNS in a research note on Tuesday, July 8th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, WNS presently has a consensus rating of “Hold” and a consensus target price of $68.13.

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.