Allspring Global Investments Holdings LLC Sells 18,328 Shares of WNS (Holdings) Limited (NYSE:WNS)

Allspring Global Investments Holdings LLC trimmed its position in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 572,724 shares of the business services provider's stock after selling 18,328 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.20% of WNS worth $30,188,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of WNS by 228.9% in the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider's stock valued at $27,000 after purchasing an additional 364 shares in the last quarter. GAMMA Investing LLC raised its stake in WNS by 64.1% during the second quarter. GAMMA Investing LLC now owns 635 shares of the business services provider's stock worth $33,000 after acquiring an additional 248 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in WNS during the first quarter worth $38,000. Amalgamated Bank acquired a new position in WNS during the second quarter worth $84,000. Finally, Blue Trust Inc. raised its stake in WNS by 1,151.2% during the third quarter. Blue Trust Inc. now owns 2,665 shares of the business services provider's stock worth $140,000 after acquiring an additional 2,452 shares in the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WNS has been the subject of several recent analyst reports. TD Cowen lowered WNS from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $64.00 to $53.00 in a research note on Thursday, October 17th. Citigroup set a $55.00 price objective on WNS in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft dropped their price objective on WNS from $55.00 to $51.00 and set a "hold" rating for the company in a research note on Thursday, October 3rd. JPMorgan Chase & Co. increased their price objective on WNS from $60.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th. Finally, Needham & Company LLC decreased their target price on WNS from $70.00 to $60.00 and set a "buy" rating on the stock 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 stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $60.33.

WNS Price Performance

Shares of WNS stock traded down $0.98 during trading hours on Thursday, hitting $46.84. 651,149 shares of the company's stock were exchanged, compared to its average volume of 479,685. The stock's 50-day moving average is $54.02 and its 200-day moving average is $52.69. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market cap of $2.24 billion and a price-to-earnings ratio of 18.02. WNS has a 52 week low of $39.85 and a 52 week high of $72.57.

WNS 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.