Pembroke Management LTD Sells 262,094 Shares of WNS (Holdings) Limited (NYSE:WNS)

Pembroke Management LTD reduced its position in WNS (Holdings) Limited (NYSE:WNS) by 63.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 148,988 shares of the business services provider’s stock after selling 262,094 shares during the period. Pembroke Management LTD owned 0.31% of WNS worth $7,822,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Natixis Advisors LLC boosted its stake in WNS by 8.3% in the 2nd quarter. Natixis Advisors LLC now owns 78,194 shares of the business services provider’s stock worth $4,105,000 after purchasing an additional 5,968 shares in the last quarter. Van ECK Associates Corp boosted its stake in WNS by 28.6% in the 2nd quarter. Van ECK Associates Corp now owns 5,182 shares of the business services provider’s stock worth $272,000 after purchasing an additional 1,152 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in WNS in the 2nd quarter worth approximately $329,000. Legato Capital Management LLC boosted its stake in WNS by 2.9% in the 2nd quarter. Legato Capital Management LLC now owns 9,156 shares of the business services provider’s stock worth $481,000 after purchasing an additional 259 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in WNS by 84.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 591,052 shares of the business services provider’s stock worth $31,030,000 after purchasing an additional 270,117 shares in the last quarter. 97.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WNS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of WNS from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Needham & Company LLC lifted their price objective on shares of WNS from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Barrington Research restated an “outperform” rating and set a $70.00 price objective on shares of WNS in a research note on Thursday, August 22nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.57.

WNS Stock Performance

Shares of NYSE:WNS traded down $0.09 during trading on Monday, hitting $59.20. 270,700 shares of the stock traded hands, compared to its average volume of 478,560. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.83 billion and a price-to-earnings ratio of 20.92. The company has a fifty day moving average price of $56.74 and a two-hundred day moving average price of $53.55. WNS has a 52-week low of $39.85 and a 52-week high of $74.54.

WNS (NYSE:WNS) last posted its earnings results on Thursday, July 18th. The business services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $312.40 million during the quarter, compared to analyst estimates of $310.49 million. WNS had a net margin of 10.52% and a return on equity of 22.05%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. As a group, equities analysts predict that WNS will post 3.69 EPS for the current 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.