Oppenheimer Asset Management Inc. Sells 2,505 Shares of WNS (Holdings) Limited (NYSE:WNS)

Oppenheimer Asset Management Inc. lowered its stake in shares of WNS (Holdings) Limited (NYSE:WNS) by 23.5% during the third quarter, Holdings Channel reports. The fund owned 8,158 shares of the business services provider’s stock after selling 2,505 shares during the period. Oppenheimer Asset Management Inc.’s holdings in WNS were worth $430,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Entropy Technologies LP bought a new stake in shares of WNS during the third quarter valued at approximately $331,000. TimesSquare Capital Management LLC boosted its position in WNS by 17.1% in the 3rd 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 last quarter. Verdence Capital Advisors LLC increased its stake in shares of WNS by 4.2% in the 3rd quarter. Verdence Capital Advisors LLC now owns 10,022 shares of the business services provider’s stock valued at $528,000 after buying an additional 407 shares during the period. JB Capital LLC raised its position in shares of WNS by 6.3% during the third quarter. JB Capital LLC now owns 28,796 shares of the business services provider’s stock worth $1,518,000 after acquiring an additional 1,705 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of WNS by 4.4% during the third quarter. Janney Montgomery Scott LLC now owns 31,918 shares of the business services provider’s stock valued at $1,682,000 after acquiring an additional 1,357 shares during the period. Institutional investors and hedge funds own 97.36% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on WNS. Deutsche Bank Aktiengesellschaft dropped their price objective on WNS from $55.00 to $51.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Citigroup set a $55.00 price target on shares of WNS in a research note on Thursday, October 17th. Needham & Company LLC reduced their price objective on shares of WNS from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. JPMorgan Chase & Co. lifted their target price on shares of WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Finally, Barrington Research reissued an “outperform” rating and issued a $70.00 price target on shares of WNS in a research note on Friday, October 18th. Four equities research 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 company has a consensus rating of “Hold” and a consensus price target of $60.33.

WNS Price Performance

Shares of WNS stock opened at $49.96 on Wednesday. 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 12-month low of $39.85 and a 12-month high of $72.57. The firm has a fifty day moving average of $50.90 and a 200-day moving average of $53.21. The firm has a market capitalization of $2.39 billion and a price-to-earnings ratio of 19.22.

WNS (NYSE:WNS) last announced its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping 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 company had revenue of $310.70 million during the quarter, compared to the consensus estimate of $313.66 million. On average, equities research analysts forecast that WNS will post 3.52 earnings per share 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.