TimesSquare Capital Management LLC Sells 305,707 Shares of WNS (Holdings) Limited (NYSE:WNS)

TimesSquare Capital Management LLC reduced its stake in shares of WNS (Holdings) Limited (NYSE:WNS) by 34.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 575,701 shares of the business services provider’s stock after selling 305,707 shares during the quarter. TimesSquare Capital Management LLC’s holdings in WNS were worth $36,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alliance Wealth Advisors LLC UT raised its stake in shares of WNS by 3.4% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 5,563 shares of the business services provider’s stock valued at $352,000 after purchasing an additional 185 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of WNS by 33.0% in the 4th quarter. Lindbrook Capital LLC now owns 754 shares of the business services provider’s stock valued at $48,000 after buying an additional 187 shares in the last quarter. DGS Capital Management LLC lifted its holdings in shares of WNS by 6.3% during the 4th quarter. DGS Capital Management LLC now owns 3,405 shares of the business services provider’s stock worth $215,000 after acquiring an additional 203 shares during the period. Van ECK Associates Corp boosted its position in shares of WNS by 41.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,293 shares of the business services provider’s stock valued at $89,000 after acquiring an additional 376 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in WNS by 9.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,800 shares of the business services provider’s stock valued at $329,000 after acquiring an additional 400 shares during the period. 97.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on WNS shares. TD Cowen decreased their price objective on WNS from $70.00 to $64.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Needham & Company LLC cut their target price on shares of WNS from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Citigroup reduced their price target on WNS from $80.00 to $62.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Barrington Research restated an “outperform” rating and set a $72.00 price objective on shares of WNS in a report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of WNS from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $64.00 to $44.00 in a report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, WNS currently has an average rating of “Moderate Buy” and an average price target of $72.44.

WNS Stock Up 0.1 %

Shares of WNS traded up $0.04 during trading hours on Wednesday, hitting $49.75. The stock had a trading volume of 590,488 shares, compared to its average volume of 422,718. The firm has a 50 day simple moving average of $50.54 and a 200-day simple moving average of $57.38. WNS has a 1-year low of $39.85 and a 1-year high of $80.27. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.71 and a quick ratio of 1.82. The firm has a market capitalization of $2.38 billion and a P/E ratio of 17.58.

WNS (NYSE:WNS) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.85 by $0.11. WNS had a return on equity of 22.23% and a net margin of 10.59%. The firm had revenue of $325.90 million during the quarter, compared to the consensus estimate of $322.92 million. Sell-side analysts predict that WNS will post 3.62 EPS 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 two segments, WNS Global BPM and WNS Auto Claims BPM. It offers industry-specific services to clients primarily in insurance; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure; healthcare; utilities; shipping and logistics; Hi-tech and professional services; and banking and financial services.