First Mercantile Trust Co. reduced its stake in WNS (Holdings) Limited (NYSE:WNS) by 17.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,521 shares of the business services provider’s stock after selling 2,440 shares during the quarter. First Mercantile Trust Co.’s holdings in WNS were worth $463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its position in WNS by 3.9% in the 4th quarter. Victory Capital Management Inc. now owns 941,708 shares of the business services provider’s stock valued at $37,791,000 after buying an additional 35,620 shares during the last quarter. Eqis Capital Management Inc. grew its stake in WNS by 10.3% in the 4th quarter. Eqis Capital Management Inc. now owns 27,927 shares of the business services provider’s stock valued at $1,121,000 after purchasing an additional 2,619 shares during the period. Lenox Wealth Management Inc. grew its stake in WNS by 22.5% in the 4th quarter. Lenox Wealth Management Inc. now owns 21,561 shares of the business services provider’s stock valued at $865,000 after purchasing an additional 3,955 shares during the period. Rice Hall James & Associates LLC grew its stake in WNS by 10.5% in the 4th quarter. Rice Hall James & Associates LLC now owns 653,005 shares of the business services provider’s stock valued at $26,205,000 after purchasing an additional 61,838 shares during the period. Finally, Bank of Montreal Can grew its stake in WNS by 78.3% in the 4th quarter. Bank of Montreal Can now owns 107,523 shares of the business services provider’s stock valued at $4,315,000 after purchasing an additional 47,208 shares during the period. 85.85% of the stock is owned by institutional investors and hedge funds.

WNS (WNS) opened at $41.79 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.54 and a current ratio of 2.54. The firm has a market capitalization of $2,089.04, a price-to-earnings ratio of 38.34, a PEG ratio of 1.81 and a beta of 0.92. WNS has a 12 month low of $27.43 and a 12 month high of $46.00.

WNS (NYSE:WNS) last posted its quarterly earnings results on Thursday, January 18th. The business services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.06. The company had revenue of $185.20 million during the quarter, compared to the consensus estimate of $175.85 million. WNS had a return on equity of 20.19% and a net margin of 7.96%. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 EPS. research analysts forecast that WNS will post 1.68 earnings per share for the current fiscal year.

WNS declared that its board has authorized a stock repurchase program on Thursday, January 18th that permits the company to buyback 3,300,000 shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

A number of research analysts have issued reports on WNS shares. ValuEngine downgraded WNS from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Needham & Company LLC upped their price objective on WNS from $46.00 to $52.00 and gave the company a “strong-buy” rating in a research note on Friday, December 1st. Barrington Research upped their price objective on WNS from $44.00 to $53.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Robert W. Baird restated a “buy” rating and issued a $46.00 price objective on shares of WNS in a research note on Thursday, December 21st. Finally, Zacks Investment Research upgraded WNS from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $47.62.

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WNS Profile

WNS (Holdings) Limited is a global provider of business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company’s segments include WNS Global BPM and WNS Auto Claims BPM. Its operating segments include travel, insurance, banking and financial services, healthcare, utilities, retail and consumer products groups, auto claims and others.

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Institutional Ownership by Quarter for WNS (NYSE:WNS)

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