First Mercantile Trust Co. reduced its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,521 shares of the business services provider’s stock after selling 2,440 shares during the period. First Mercantile Trust Co.’s holdings in WNS were worth $463,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. OLD National Bancorp IN purchased a new stake in shares of WNS during the 3rd quarter worth $202,000. Trexquant Investment LP purchased a new stake in WNS in the third quarter valued at $210,000. 1st Global Advisors Inc. purchased a new stake in WNS in the second quarter valued at $223,000. Advisor Group Inc. lifted its position in WNS by 731.2% in the third quarter. Advisor Group Inc. now owns 6,417 shares of the business services provider’s stock valued at $234,000 after acquiring an additional 5,645 shares during the last quarter. Finally, BT Investment Management Ltd purchased a new stake in WNS in the third quarter valued at $287,000. 85.90% of the stock is owned by institutional investors and hedge funds.
Shares of WNS (WNS) traded up $0.14 during trading hours on Friday, hitting $42.79. 74,834 shares of the stock were exchanged, compared to its average volume of 201,217. WNS has a 1-year low of $27.43 and a 1-year high of $46.00. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2,152.42, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.87 and a beta of 0.92.
WNS (NYSE:WNS) last announced its earnings results on Thursday, January 18th. The business services provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. WNS had a net margin of 7.96% and a return on equity of 20.19%. The business had revenue of $185.20 million during the quarter, compared to analysts’ expectations of $175.85 million. During the same period in the prior year, the company earned $0.49 earnings per share. The business’s revenue was up 32.5% compared to the same quarter last year. equities research analysts forecast that WNS will post 1.68 earnings per share for the current fiscal year.
WNS announced that its Board of Directors has approved a share repurchase plan on Thursday, January 18th that allows the company to repurchase 3,300,000 shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.
A number of equities research analysts recently weighed in on WNS shares. Cantor Fitzgerald reissued a “buy” rating and issued a $38.00 price target on shares of WNS in a research report on Friday, October 27th. Maxim Group reissued a “buy” rating and issued a $42.00 price target on shares of WNS in a research report on Friday, October 27th. Cowen reissued a “buy” rating and issued a $43.00 price target on shares of WNS in a research report on Sunday, October 29th. Needham & Company LLC reissued a “strong-buy” rating and issued a $46.00 price target (up from $42.00) on shares of WNS in a research report on Sunday, October 29th. Finally, Loop Capital reissued a “buy” rating and issued a $44.00 price target (up from $41.00) on shares of WNS in a research report on Monday, October 30th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. WNS presently has an average rating of “Buy” and an average price target of $47.62.
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WNS (Holdings) Limited is a global provider of business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company’s segments include WNS Global BPM and WNS Auto Claims BPM. Its operating segments include travel, insurance, banking and financial services, healthcare, utilities, retail and consumer products groups, auto claims and others.
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