Lenox Wealth Management Inc. Sells 535 Shares of WNS (Holdings) Limited (NYSE:WNS)

Lenox Wealth Management Inc. trimmed its holdings in shares of WNS (Holdings) Limited (NYSE:WNS) by 3.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,007 shares of the business services provider’s stock after selling 535 shares during the quarter. Lenox Wealth Management Inc.’s holdings in WNS were worth $881,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Confluence Investment Management LLC increased its stake in WNS by 10.0% during the 3rd quarter. Confluence Investment Management LLC now owns 4,864 shares of the business services provider’s stock worth $286,000 after purchasing an additional 442 shares in the last quarter. Congress Asset Management Co. MA increased its stake in WNS by 0.5% during the 3rd quarter. Congress Asset Management Co. MA now owns 98,476 shares of the business services provider’s stock worth $5,785,000 after purchasing an additional 461 shares in the last quarter. Royal Bank of Canada increased its stake in WNS by 110.9% during the 2nd quarter. Royal Bank of Canada now owns 989 shares of the business services provider’s stock worth $58,000 after purchasing an additional 520 shares in the last quarter. American Beacon Advisors Inc. bought a new stake in WNS during the 3rd quarter worth approximately $33,000. Finally, M&T Bank Corp increased its stake in WNS by 22.6% during the 2nd quarter. M&T Bank Corp now owns 4,648 shares of the business services provider’s stock worth $275,000 after purchasing an additional 857 shares in the last quarter. 94.86% of the stock is owned by institutional investors and hedge funds.

WNS has been the subject of a number of recent research reports. ValuEngine downgraded WNS from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Berenberg Bank initiated coverage on WNS in a research report on Friday, September 13th. They set a “buy” rating and a $72.00 price target for the company. Cowen upped their price target on WNS from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. reduced their price target on WNS from $73.00 to $72.00 and set an “overweight” rating for the company in a research report on Monday, October 7th. Finally, Robert W. Baird upped their price target on WNS from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $69.64.

NYSE:WNS remained flat at $$61.97 during trading hours on Friday. The company’s stock had a trading volume of 126,109 shares, compared to its average volume of 160,304. WNS has a 52-week low of $39.24 and a 52-week high of $65.99. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $60.52 and its 200 day simple moving average is $59.58. The stock has a market capitalization of $3.12 billion, a PE ratio of 27.54, a PEG ratio of 2.05 and a beta of 1.15.

WNS (NYSE:WNS) last released its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The firm had revenue of $220.70 million during the quarter, compared to the consensus estimate of $216.08 million. WNS had a return on equity of 23.57% and a net margin of 13.47%. The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 EPS. Analysts forecast that WNS will post 2.41 EPS for the current year.

WNS Profile

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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