Envestnet Asset Management Inc. Lowers Stock Position in WNS (Holdings) Limited $WNS

Envestnet Asset Management Inc. decreased its holdings in shares of WNS (Holdings) Limited (NYSE:WNS) by 38.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,120 shares of the business services provider’s stock after selling 25,068 shares during the period. Envestnet Asset Management Inc. owned approximately 0.09% of WNS worth $2,537,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of WNS. J.Safra Asset Management Corp grew its holdings in WNS by 67.7% during the second quarter. J.Safra Asset Management Corp now owns 483 shares of the business services provider’s stock worth $29,000 after acquiring an additional 195 shares during the period. Quarry LP acquired a new position in shares of WNS during the 1st quarter worth $47,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of WNS in the 1st quarter valued at about $216,000. Global Alpha Capital Management Ltd. acquired a new stake in shares of WNS in the first quarter valued at about $217,000. Finally, Bailard Inc. purchased a new stake in WNS during the first quarter worth about $231,000. 97.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of WNS in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, WNS presently has an average rating of “Hold” and a consensus price target of $72.80.

WNS Price Performance

WNS opened at $75.98 on Monday. WNS has a 52-week low of $42.62 and a 52-week high of $76.48. The company has a 50 day moving average of $76.05 and a two-hundred day moving average of $69.95. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.18. The company has a market cap of $3.26 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.25 and a beta of 0.91.

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.