WNS (Holdings) Limited (NYSE:WNS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in shares of WNS (Holdings) Limited (NYSE:WNS) by 94.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,066 shares of the business services provider’s stock after selling 224,066 shares during the period. Victory Capital Management Inc.’s holdings in WNS were worth $686,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP lifted its position in shares of WNS by 40.6% during the 4th quarter. Westfield Capital Management Co. LP now owns 1,042,815 shares of the business services provider’s stock valued at $65,906,000 after acquiring an additional 301,022 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of WNS by 84.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 591,052 shares of the business services provider’s stock valued at $31,030,000 after purchasing an additional 270,117 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in shares of WNS by 13.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,920,291 shares of the business services provider’s stock valued at $121,362,000 after purchasing an additional 234,139 shares during the period. Bank of New York Mellon Corp increased its stake in WNS by 478.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 154,725 shares of the business services provider’s stock worth $8,123,000 after purchasing an additional 127,960 shares in the last quarter. Finally, Congress Asset Management Co. MA raised its holdings in WNS by 19.5% during the 1st quarter. Congress Asset Management Co. MA now owns 616,324 shares of the business services provider’s stock worth $31,143,000 after buying an additional 100,563 shares during the period. 97.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Needham & Company LLC raised their target price on WNS from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Barrington Research reissued an “outperform” rating and set a $70.00 price target on shares of WNS in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $63.83.

WNS Trading Down 1.6 %

NYSE WNS opened at $54.64 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.23. WNS has a 1-year low of $39.85 and a 1-year high of $74.54. The firm’s fifty day simple moving average is $57.67 and its 200-day simple moving average is $53.24. The company has a market capitalization of $2.61 billion and a PE ratio of 19.31.

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

WNS Company 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.