TimesSquare Capital Management LLC Decreases Stock Holdings in WNS (Holdings) Limited (NYSE:WNS)

TimesSquare Capital Management LLC reduced its stake in shares of WNS (Holdings) Limited (NYSE:WNS) by 6.7% in the second quarter, HoldingsChannel reports. The firm owned 1,415,110 shares of the business services provider’s stock after selling 100,830 shares during the period. TimesSquare Capital Management LLC’s holdings in WNS were worth $83,775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Eqis Capital Management Inc. lifted its stake in shares of WNS by 21.5% during the 1st quarter. Eqis Capital Management Inc. now owns 41,911 shares of the business services provider’s stock worth $2,233,000 after purchasing an additional 7,418 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of WNS during the 2nd quarter worth $308,000. Pier Capital LLC lifted its stake in shares of WNS by 3.5% during the 1st quarter. Pier Capital LLC now owns 140,067 shares of the business services provider’s stock worth $7,461,000 after purchasing an additional 4,765 shares during the last quarter. Financial Counselors Inc. lifted its stake in shares of WNS by 43.9% during the 1st quarter. Financial Counselors Inc. now owns 9,741 shares of the business services provider’s stock worth $519,000 after purchasing an additional 2,970 shares during the last quarter. Finally, Pendal Group Ltd lifted its stake in shares of WNS by 55.9% during the 2nd quarter. Pendal Group Ltd now owns 120,660 shares of the business services provider’s stock worth $7,143,000 after purchasing an additional 43,270 shares during the last quarter. Hedge funds and other institutional investors own 94.04% of the company’s stock.

NYSE:WNS traded up $1.44 during mid-day trading on Friday, hitting $63.74. 2,117 shares of the company’s stock traded hands, compared to its average volume of 169,910. The company has a fifty day moving average of $61.48 and a 200 day moving average of $56.39. WNS has a twelve month low of $39.24 and a twelve month high of $65.00. The company has a market capitalization of $3.19 billion, a P/E ratio of 28.28, a P/E/G ratio of 2.15 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 1.77.

WNS (NYSE:WNS) last announced its earnings results on Thursday, July 18th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.24. WNS had a return on equity of 23.92% and a net margin of 13.44%. The company had revenue of $214.60 million for the quarter, compared to analyst estimates of $207.51 million. During the same period in the prior year, the company posted $0.59 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, research analysts expect that WNS will post 2.36 earnings per share for the current fiscal year.

Several brokerages recently issued reports on WNS. Cantor Fitzgerald upped their target price on WNS from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Cowen upped their target price on WNS from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Zacks Investment Research lowered WNS from a “strong-buy” rating to a “hold” rating in a research report on Saturday, July 27th. Barrington Research upped their target price on WNS from $68.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Finally, Wedbush reaffirmed an “outperform” rating on shares of WNS in a research report on Tuesday, July 16th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $67.86.

About WNS

WNS (Holdings) Limited, a business process management company, together with its subsidiaries, provides data, voice, analytical, and business transformation services worldwide. It operates through two segments, WNS Global BPM and WNS Auto Claims BPM. The company offers industry-specific services to clients primarily in insurance; travel and leisure; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; utilities; consulting and professional services; healthcare; banking and financial services; and shipping and logistics industries.

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Institutional Ownership by Quarter for WNS (NYSE:WNS)

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