Mendota Financial Group LLC Cuts Holdings in WNS (Holdings) Limited (NYSE:WNS)

Mendota Financial Group LLC lessened its stake in WNS (Holdings) Limited (NYSE:WNS) by 21.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,171 shares of the business services provider’s stock after selling 588 shares during the quarter. Mendota Financial Group LLC’s holdings in WNS were worth $103,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in WNS. EverSource Wealth Advisors LLC lifted its stake in WNS by 228.9% in the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock worth $27,000 after acquiring an additional 364 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in shares of WNS during the 3rd quarter worth about $46,000. Amalgamated Bank purchased a new position in shares of WNS in the 2nd quarter valued at about $84,000. GAMMA Investing LLC raised its position in shares of WNS by 237.2% during the 3rd quarter. GAMMA Investing LLC now owns 2,141 shares of the business services provider’s stock worth $113,000 after acquiring an additional 1,506 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in WNS by 1,151.2% during the third quarter. Blue Trust Inc. now owns 2,665 shares of the business services provider’s stock worth $140,000 after purchasing an additional 2,452 shares during the last quarter. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WNS has been the topic of several recent analyst reports. Barrington Research reiterated an “outperform” rating and issued a $70.00 price target on shares of WNS in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft cut their price target on shares of WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. TD Cowen downgraded shares of WNS from a “buy” rating to a “hold” rating and decreased their price objective for the company from $64.00 to $53.00 in a research note on Thursday, October 17th. Citigroup set a $55.00 target price on WNS in a research report on Thursday, October 17th. Finally, Needham & Company LLC dropped their price target on WNS from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $60.33.

WNS Price Performance

Shares of WNS opened at $44.00 on Tuesday. The firm has a 50-day simple moving average of $49.36 and a 200-day simple moving average of $52.58. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.93 and a beta of 1.16. WNS has a fifty-two week low of $39.85 and a fifty-two week high of $72.57.

WNS (NYSE:WNS) last posted its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.78 by $0.21. WNS had a return on equity of 22.76% and a net margin of 9.39%. The business had revenue of $310.70 million during the quarter, compared to analysts’ expectations of $313.66 million. On average, equities research analysts anticipate 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.