Citigroup Inc. Raises Stake in WNS (Holdings) Limited (NYSE:WNS)

Citigroup Inc. increased its position in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 90.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,333 shares of the business services provider's stock after acquiring an additional 31,886 shares during the quarter. Citigroup Inc. owned approximately 0.14% of WNS worth $3,549,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans acquired a new position in WNS in the third quarter valued at about $61,726,000. Allspring Global Investments Holdings LLC increased its stake in WNS by 84.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 591,052 shares of the business services provider's stock worth $31,030,000 after purchasing an additional 270,117 shares during the period. Diamond Hill Capital Management Inc. increased its stake in WNS by 11.9% during the second quarter. Diamond Hill Capital Management Inc. now owns 1,777,557 shares of the business services provider's stock worth $93,322,000 after purchasing an additional 188,616 shares during the period. Bank of New York Mellon Corp increased its stake in WNS by 478.1% during the second quarter. Bank of New York Mellon Corp now owns 154,725 shares of the business services provider's stock worth $8,123,000 after purchasing an additional 127,960 shares during the period. Finally, Rhumbline Advisers increased its stake in WNS by 426.6% during the second quarter. Rhumbline Advisers now owns 69,021 shares of the business services provider's stock worth $3,624,000 after purchasing an additional 55,913 shares during the period. Institutional investors and hedge funds own 97.36% of the company's stock.

WNS Stock Performance

Shares of WNS stock traded up $0.02 during trading hours on Thursday, hitting $50.81. The stock had a trading volume of 339,739 shares, compared to its average volume of 486,741. The firm has a market capitalization of $2.43 billion and a PE ratio of 19.53. WNS has a twelve month low of $39.85 and a twelve month high of $72.57. The stock's 50 day moving average is $50.20 and its 200 day moving average is $53.40. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

WNS (NYSE:WNS - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The business services provider reported $0.99 earnings per share for the quarter, beating 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 business had revenue of $310.70 million during the quarter, compared to the consensus estimate of $313.66 million. As a group, research analysts forecast that WNS will post 3.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on WNS shares. JPMorgan Chase & Co. boosted their price target on shares of WNS from $60.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th. Citigroup set a $55.00 target price on shares of WNS in a research note on Thursday, October 17th. TD Cowen lowered shares of WNS from a "buy" rating to a "hold" rating and cut their target price for the stock from $64.00 to $53.00 in a research note on Thursday, October 17th. Barrington Research restated an "outperform" rating and set a $70.00 target price on shares of WNS in a research note on Friday, October 18th. Finally, Needham & Company LLC cut their target price 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. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $60.33.

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.