Van ECK Associates Corp Cuts Stock Holdings in WNS (Holdings) Limited (NYSE:WNS)

Van ECK Associates Corp trimmed its holdings in shares of WNS (Holdings) Limited (NYSE:WNS) by 4.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,934 shares of the business services provider’s stock after selling 248 shares during the period. Van ECK Associates Corp’s holdings in WNS were worth $260,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WNS. Janney Montgomery Scott LLC raised its stake in shares of WNS by 4.4% during the third quarter. Janney Montgomery Scott LLC now owns 31,918 shares of the business services provider’s stock valued at $1,682,000 after acquiring an additional 1,357 shares during the last quarter. Financial Management Professionals Inc. bought a new position in shares of WNS during the third quarter valued at about $46,000. BKM Wealth Management LLC raised its stake in shares of WNS by 2.8% during the third quarter. BKM Wealth Management LLC now owns 10,972 shares of the business services provider’s stock valued at $578,000 after acquiring an additional 298 shares during the last quarter. Signaturefd LLC raised its stake in shares of WNS by 150.0% during the third quarter. Signaturefd LLC now owns 2,812 shares of the business services provider’s stock valued at $148,000 after acquiring an additional 1,687 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of WNS by 1,151.2% during the third quarter. Blue Trust Inc. now owns 2,665 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 2,452 shares during the last quarter. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

WNS Price Performance

Shares of NYSE WNS opened at $54.56 on Thursday. The company has a 50 day simple moving average of $51.32 and a two-hundred day simple moving average of $52.98. The company has a market capitalization of $2.61 billion and a price-to-earnings ratio of 20.98. WNS has a fifty-two week low of $39.85 and a fifty-two week high of $72.57. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

WNS (NYSE:WNS) last issued its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.21. WNS had a net margin of 9.39% and a return on equity of 22.76%. The business had revenue of $310.70 million for the quarter, compared to analysts’ expectations of $313.66 million. Analysts expect that WNS will post 3.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on WNS shares. Barrington Research reaffirmed an “outperform” rating and set a $70.00 price objective on shares of WNS in a research note on Friday, October 18th. Needham & Company LLC decreased their price target on shares of WNS from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, October 18th. TD Cowen downgraded shares of WNS from a “buy” rating to a “hold” rating and decreased their price target for the stock from $64.00 to $53.00 in a research note on Thursday, October 17th. Citigroup set a $55.00 price target on shares of WNS in a research note on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of WNS from $55.00 to $51.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.33.

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.