Lord Abbett & CO. LLC Trims Stock Holdings in WNS (Holdings) Limited (NYSE:WNS)

Lord Abbett & CO. LLC cut its position in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 12.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,072,433 shares of the business services provider's stock after selling 157,464 shares during the period. Lord Abbett & CO. LLC owned approximately 2.24% of WNS worth $56,528,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC increased its position in shares of WNS by 17.1% during the third quarter. TimesSquare Capital Management LLC now owns 377,825 shares of the business services provider's stock worth $19,915,000 after acquiring an additional 55,306 shares during the period. William Blair Investment Management LLC increased its holdings in WNS by 8.3% during the 2nd quarter. William Blair Investment Management LLC now owns 347,511 shares of the business services provider's stock worth $18,244,000 after purchasing an additional 26,648 shares during the period. Citigroup Inc. raised its position in WNS by 90.0% during the 3rd quarter. Citigroup Inc. now owns 67,333 shares of the business services provider's stock valued at $3,549,000 after purchasing an additional 31,886 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of WNS by 11.9% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 1,777,557 shares of the business services provider's stock worth $93,322,000 after buying an additional 188,616 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in shares of WNS during the 2nd quarter worth $876,000. 97.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on WNS from $55.00 to $51.00 and set a "hold" rating for the company in a report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price target on shares of WNS from $60.00 to $73.00 and gave the stock a "neutral" rating in a research report on Friday, September 6th. TD Cowen lowered shares of WNS from a "buy" rating to a "hold" rating and cut their price objective for the company from $64.00 to $53.00 in a report on Thursday, October 17th. Citigroup set a $55.00 target price on WNS in a report on Thursday, October 17th. Finally, Barrington Research reiterated an "outperform" rating and issued a $70.00 price target on shares of WNS in a report on Friday, October 18th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $60.33.

WNS Stock Up 0.5 %

Shares of WNS stock traded up $0.22 during trading hours on Friday, reaching $48.60. 372,704 shares of the company's stock were exchanged, compared to its average volume of 501,134. WNS has a fifty-two week low of $39.85 and a fifty-two week high of $72.57. The stock's 50 day moving average is $49.97 and its 200-day moving average is $53.29. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 1.93 and a beta of 1.14.

WNS (NYSE:WNS - Get Free Report) last announced its earnings results on Thursday, October 17th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.21. The company had revenue of $310.70 million for 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%. Analysts predict that WNS will post 3.52 earnings per share for the current fiscal year.

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.