JPMorgan Chase & Co. Has $103.98 Million Position in WNS (Holdings) Limited (NYSE:WNS)

JPMorgan Chase & Co. trimmed its stake in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 9.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,972,713 shares of the business services provider's stock after selling 195,763 shares during the quarter. JPMorgan Chase & Co. owned approximately 4.13% of WNS worth $103,982,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. DGS Capital Management LLC acquired a new position in WNS during the 3rd quarter valued at about $291,000. Virtu Financial LLC bought a new stake in shares of WNS during the third quarter valued at approximately $745,000. Barclays PLC boosted its position in shares of WNS by 329.7% during the third quarter. Barclays PLC now owns 68,007 shares of the business services provider's stock worth $3,584,000 after buying an additional 52,179 shares during the period. Public Employees Retirement System of Ohio bought a new position in WNS in the 3rd quarter worth approximately $2,326,000. Finally, XTX Topco Ltd acquired a new stake in WNS in the 3rd quarter valued at approximately $398,000. Institutional investors and hedge funds own 97.36% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WNS. Citigroup set a $55.00 price target on WNS in a research note on Thursday, October 17th. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 price target on shares of WNS in a research note on Friday, October 18th. JPMorgan Chase & Co. raised their price objective on shares of WNS from $60.00 to $73.00 and gave the company a "neutral" rating in a research note on Friday, September 6th. Deutsche Bank Aktiengesellschaft cut their target price on WNS from $55.00 to $51.00 and set a "hold" rating for the company in a research report on Thursday, October 3rd. Finally, Needham & Company LLC lowered their price target on WNS from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $60.33.

WNS Price Performance

Shares of NYSE WNS traded down $0.09 during trading on Thursday, hitting $47.30. The company had a trading volume of 293,309 shares, compared to its average volume of 487,825. WNS has a 52 week low of $39.85 and a 52 week high of $72.57. The business's 50-day moving average is $49.76 and its 200 day moving average is $52.88. The company has a market cap of $2.26 billion, a P/E ratio of 18.19, a PEG ratio of 1.93 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

WNS (NYSE:WNS - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.21. The business had revenue of $310.70 million during the quarter, compared to analyst estimates of $313.66 million. WNS had a return on equity of 22.76% and a net margin of 9.39%. Equities research analysts predict that WNS will post 3.52 earnings per share for the current fiscal year.

WNS Company Profile

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.