WNS (Holdings) Limited (NYSE:WNS) Position Lessened by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 74.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,491 shares of the business services provider's stock after selling 45,077 shares during the quarter. SG Americas Securities LLC's holdings in WNS were worth $817,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aurora Investment Counsel increased its holdings in WNS by 17.9% during the second quarter. Aurora Investment Counsel now owns 34,519 shares of the business services provider's stock worth $1,812,000 after buying an additional 5,229 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of WNS in the second quarter valued at $876,000. Employees Retirement System of Texas lifted its stake in shares of WNS by 33.7% during the 2nd quarter. Employees Retirement System of Texas now owns 12,596 shares of the business services provider's stock worth $661,000 after buying an additional 3,172 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of WNS during the 2nd quarter worth about $922,000. Finally, EverSource Wealth Advisors LLC grew its stake in WNS by 228.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider's stock valued at $27,000 after buying an additional 364 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WNS. Needham & Company LLC upped their price objective on WNS from $60.00 to $70.00 and gave the company a "buy" rating in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of WNS from $55.00 to $51.00 and set a "hold" rating for the company in a research report on Thursday, October 3rd. Barrington Research reiterated an "outperform" rating and issued a $70.00 price target on shares of WNS in a research note on Thursday, August 22nd. Finally, JPMorgan Chase & Co. upped their price objective on WNS from $60.00 to $73.00 and gave the company a "neutral" rating in a research note on Friday, September 6th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $65.00.

WNS Price Performance

Shares of WNS stock traded up $0.29 during trading hours on Friday, hitting $47.64. The stock had a trading volume of 343,276 shares. The stock's 50-day moving average price is $55.50 and its two-hundred day moving average price is $52.83. The stock has a market capitalization of $2.28 billion and a price-to-earnings ratio of 16.77. WNS has a one year low of $39.85 and a one year high of $72.57. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.60.

WNS (NYSE:WNS - Get Free Report) last released its quarterly earnings results on Thursday, July 18th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. WNS had a net margin of 10.52% and a return on equity of 22.05%. The business had revenue of $312.40 million for the quarter, compared to analyst estimates of $310.49 million. During the same period in the previous year, the company earned $0.76 earnings per share. The business's revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts forecast that WNS will post 3.71 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.