PNC Financial Services Group Inc. Sells 656 Shares of WNS (Holdings) Limited (NYSE:WNS)

PNC Financial Services Group Inc. decreased its stake in shares of WNS (Holdings) Limited (NYSE:WNS) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,783 shares of the business services provider’s stock after selling 656 shares during the period. PNC Financial Services Group Inc.’s holdings in WNS were worth $808,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WNS. Citigroup Inc. lifted its position in WNS by 4.8% during the third quarter. Citigroup Inc. now owns 17,309 shares of the business services provider’s stock valued at $1,185,000 after purchasing an additional 787 shares during the period. Deutsche Bank AG lifted its position in WNS by 20.3% during the third quarter. Deutsche Bank AG now owns 6,508 shares of the business services provider’s stock valued at $446,000 after purchasing an additional 1,100 shares during the period. Envestnet Asset Management Inc. lifted its position in WNS by 6.5% during the third quarter. Envestnet Asset Management Inc. now owns 90,095 shares of the business services provider’s stock valued at $6,168,000 after purchasing an additional 5,527 shares during the period. Stifel Financial Corp increased its holdings in WNS by 24.7% during the third quarter. Stifel Financial Corp now owns 40,678 shares of the business services provider’s stock valued at $2,785,000 after buying an additional 8,067 shares during the last quarter. Finally, Natixis Advisors L.P. increased its holdings in WNS by 56.6% during the third quarter. Natixis Advisors L.P. now owns 67,972 shares of the business services provider’s stock valued at $4,653,000 after buying an additional 24,573 shares during the last quarter. Institutional investors own 97.36% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on WNS shares. StockNews.com cut shares of WNS from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. TD Cowen reduced their target price on shares of WNS from $70.00 to $64.00 and set a “buy” rating for the company in a report on Friday, April 26th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of WNS in a report on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft cut shares of WNS from a “buy” rating to a “hold” rating and reduced their target price for the company from $64.00 to $44.00 in a report on Friday, April 26th. Finally, Citigroup reduced their target price on shares of WNS from $80.00 to $62.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, WNS presently has a consensus rating of “Moderate Buy” and an average price target of $71.11.

WNS Stock Performance

Shares of NYSE WNS opened at $51.41 on Tuesday. The stock has a market cap of $2.46 billion and a PE ratio of 18.17. The firm has a fifty day moving average price of $49.37 and a 200-day moving average price of $55.96. WNS has a 1 year low of $39.85 and a 1 year high of $75.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.71 and a quick ratio of 1.71.

WNS (NYSE:WNS) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.11. The company had revenue of $325.90 million during the quarter, compared to analysts’ expectations of $322.92 million. WNS had a net margin of 10.59% and a return on equity of 22.23%. Equities analysts anticipate that WNS will post 3.62 earnings per share for the current fiscal 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.