Nalanda India Fund LTD Sells 720,012 Shares of WNS (Holdings) Limited (NYSE:WNS)

Nalanda India Fund LTD trimmed its stake in shares of WNS (Holdings) Limited (NYSE:WNS) by 19.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,044,662 shares of the business services provider’s stock after selling 720,012 shares during the quarter. WNS makes up about 100.0% of Nalanda India Fund LTD’s portfolio, making the stock its largest holding. Nalanda India Fund LTD owned about 0.06% of WNS worth $144,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Jane Street Group LLC lifted its stake in shares of WNS by 728.1% in the 3rd quarter. Jane Street Group LLC now owns 52,974 shares of the business services provider’s stock valued at $2,792,000 after acquiring an additional 46,577 shares during the last quarter. State Street Corp boosted its stake in shares of WNS by 40.5% during the third quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock valued at $39,182,000 after purchasing an additional 214,417 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in shares of WNS by 17.1% in the third quarter. TimesSquare Capital Management LLC now owns 377,825 shares of the business services provider’s stock valued at $19,915,000 after buying an additional 55,306 shares during the period. Citigroup Inc. raised its holdings in WNS by 90.0% in the 3rd quarter. Citigroup Inc. now owns 67,333 shares of the business services provider’s stock valued at $3,549,000 after buying an additional 31,886 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in WNS by 117.3% during the 3rd quarter. MetLife Investment Management LLC now owns 25,388 shares of the business services provider’s stock worth $1,338,000 after buying an additional 13,702 shares during the period. Institutional investors own 97.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on WNS. Citigroup set a $55.00 price target on shares of WNS in a research note on Thursday, October 17th. Needham & Company LLC increased their price target on WNS from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday. TD Cowen downgraded WNS from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $64.00 to $53.00 in a research report on Thursday, October 17th. Robert W. Baird upped their target price on WNS from $58.00 to $66.00 and gave the company an “outperform” rating in a report on Friday. Finally, Jefferies Financial Group lowered their price target on shares of WNS from $60.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.00.

WNS Stock Performance

Shares of WNS stock opened at $62.22 on Monday. The firm has a 50 day moving average of $48.89 and a 200-day moving average of $52.34. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 2.00 and a beta of 1.16. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. WNS has a 52 week low of $39.85 and a 52 week high of $72.40.

WNS (NYSE:WNS) last posted its quarterly earnings results on Thursday, January 23rd. The business services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.15). WNS had a net margin of 9.39% and a return on equity of 22.76%. On average, equities analysts forecast that WNS will post 3.52 earnings per share 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.