Allspring Global Investments Holdings LLC Has $37.93 Million Position in WNS (Holdings) Limited $WNS

Key Points

• Allspring Global Investments Holdings LLC increased its stake in WNS (Holdings) Limited by 15.6%, owning approximately $37.93 million worth of shares after acquiring an additional 81,015 shares.
• WNS reported earnings of $1.02 per share for the last quarter, surpassing estimates and showing a 9.5% increase in revenue compared to the previous year.
• Research analysts have generally downgraded their ratings on WNS, with an average rating of "Hold" and a consensus price target of $67.43.

Allspring Global Investments Holdings LLC lifted its holdings in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 15.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 599,748 shares of the business services provider's stock after buying an additional 81,015 shares during the period. Allspring Global Investments Holdings LLC owned about 1.29% of WNS worth $37,928,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WNS. Westfield Capital Management Co. LP bought a new position in WNS in the first quarter valued at approximately $51,712,000. Nuveen LLC bought a new position in shares of WNS in the first quarter valued at $37,321,000. Voya Investment Management LLC increased its holdings in WNS by 4,316.0% during the first quarter. Voya Investment Management LLC now owns 568,206 shares of the business services provider's stock worth $34,939,000 after buying an additional 555,339 shares during the last quarter. MetLife Investment Management LLC raised its position in WNS by 1,160.1% during the first quarter. MetLife Investment Management LLC now owns 322,258 shares of the business services provider's stock worth $19,816,000 after acquiring an additional 296,683 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in WNS in the first quarter valued at $13,722,000. Institutional investors and hedge funds own 97.36% of the company's stock.

WNS Price Performance

Shares of NYSE WNS opened at $76.39 on Thursday. The firm has a market cap of $3.28 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 2.25 and a beta of 0.91. The business's 50 day moving average is $75.73 and its 200-day moving average is $67.95. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.18. WNS has a 1-year low of $42.62 and a 1-year high of $76.40.

WNS (NYSE:WNS - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.05. The business had revenue of $339.90 million during the quarter, compared to the consensus estimate of $323.13 million. WNS had a return on equity of 22.90% and a net margin of 12.11%.The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS. Equities research analysts predict that WNS will post 3.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. William Blair lowered shares of WNS from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 7th. Deutsche Bank Aktiengesellschaft started coverage on WNS in a research report on Thursday, July 17th. They set a "hold" rating and a $76.50 price target on the stock. Baird R W downgraded WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Barrington Research lowered WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen downgraded WNS from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, WNS currently has an average rating of "Hold" and a consensus price target of $67.43.

About WNS

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.

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