Renaissance Technologies LLC Sells 147,400 Shares of WNS (Holdings) Limited (NYSE:WNS)

Renaissance Technologies LLC lowered its stake in shares of WNS (Holdings) Limited (NYSE:WNS) by 28.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 376,000 shares of the business services provider’s stock after selling 147,400 shares during the quarter. Renaissance Technologies LLC owned about 0.79% of WNS worth $19,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WNS. Parallel Advisors LLC boosted its holdings in shares of WNS by 30.4% in the 4th quarter. Parallel Advisors LLC now owns 841 shares of the business services provider’s stock valued at $53,000 after buying an additional 196 shares in the last quarter. 1492 Capital Management LLC boosted its stake in WNS by 1.1% in the fourth quarter. 1492 Capital Management LLC now owns 18,556 shares of the business services provider’s stock valued at $1,173,000 after acquiring an additional 196 shares in the last quarter. Azzad Asset Management Inc. ADV grew its holdings in WNS by 2.2% in the first quarter. Azzad Asset Management Inc. ADV now owns 11,540 shares of the business services provider’s stock worth $583,000 after purchasing an additional 245 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of WNS by 64.1% during the 2nd quarter. GAMMA Investing LLC now owns 635 shares of the business services provider’s stock worth $33,000 after acquiring an additional 248 shares during the period. Finally, Legato Capital Management LLC boosted its position in shares of WNS by 2.9% during the 2nd quarter. Legato Capital Management LLC now owns 9,156 shares of the business services provider’s stock valued at $481,000 after acquiring an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

Wall Street Analyst Weigh In

WNS has been the topic of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $70.00 target price on shares of WNS in a research note on Thursday, August 22nd. JPMorgan Chase & Co. lifted their price target on shares of WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Finally, Needham & Company LLC increased their price objective on WNS from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $63.83.

WNS Price Performance

Shares of WNS opened at $54.64 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market cap of $2.61 billion and a PE ratio of 19.31. The firm has a 50-day simple moving average of $57.67 and a two-hundred day simple moving average of $53.27. WNS has a 1-year low of $39.85 and a 1-year high of $74.54.

WNS (NYSE:WNS) last released its quarterly earnings results on Thursday, July 18th. The business services provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. WNS had a return on equity of 22.05% and a net margin of 10.52%. The business had revenue of $312.40 million during the quarter, compared to analyst estimates of $310.49 million. During the same period last year, the business posted $0.76 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, analysts forecast that WNS will post 3.72 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.