Allspring Global Investments Holdings LLC lowered its position in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 4.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 518,733 shares of the business services provider's stock after selling 22,908 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.12% of WNS worth $31,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in WNS. Hhlr Advisors LTD. purchased a new stake in WNS in the fourth quarter valued at $72,576,000. Thrivent Financial for Lutherans grew its position in shares of WNS by 26.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,483,569 shares of the business services provider's stock valued at $70,307,000 after purchasing an additional 312,519 shares during the period. William Blair Investment Management LLC grew its stake in shares of WNS by 5.0% during the 4th quarter. William Blair Investment Management LLC now owns 1,112,743 shares of the business services provider's stock valued at $52,733,000 after buying an additional 53,433 shares during the period. Nuveen Asset Management LLC grew its stake in WNS by 9.9% during the fourth quarter. Nuveen Asset Management LLC now owns 605,951 shares of the business services provider's stock worth $28,716,000 after buying an additional 54,781 shares during the period. Finally, Vanguard Group Inc. raised its position in WNS by 27.1% in the fourth quarter. Vanguard Group Inc. now owns 415,556 shares of the business services provider's stock valued at $19,693,000 after purchasing an additional 88,698 shares during the period. 97.36% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have weighed in on WNS. Needham & Company LLC raised their price objective on WNS from $65.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Barrington Research restated an "outperform" rating and issued a $75.00 price target on shares of WNS in a research note on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.25.
Read Our Latest Stock Analysis on WNS
WNS Stock Performance
NYSE:WNS traded up $0.26 during mid-day trading on Friday, hitting $65.38. The stock had a trading volume of 707,465 shares, compared to its average volume of 575,443. WNS has a 52 week low of $42.62 and a 52 week high of $72.11. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 1.88 and a beta of 0.93. The company has a 50 day simple moving average of $58.59 and a 200-day simple moving average of $57.61.
WNS (NYSE:WNS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.04. The company had revenue of $336.30 million during the quarter, compared to analyst estimates of $323.62 million. WNS had a return on equity of 23.26% and a net margin of 12.94%. The firm's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 EPS. On average, research analysts expect that WNS will post 3.8 earnings per share for the current fiscal year.
About WNS
(
Free Report)
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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