abrdn plc Sells 29,518 Shares of WNS (Holdings) Limited (NYSE:WNS)

abrdn plc decreased its holdings in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 10.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 250,215 shares of the business services provider's stock after selling 29,518 shares during the period. abrdn plc owned about 0.52% of WNS worth $13,189,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its holdings in shares of WNS by 228.9% during the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider's stock valued at $27,000 after buying an additional 364 shares during the last quarter. GAMMA Investing LLC raised its stake in WNS by 64.1% during the 2nd quarter. GAMMA Investing LLC now owns 635 shares of the business services provider's stock valued at $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 1st quarter worth $38,000. Financial Management Professionals Inc. bought a new position in shares of WNS in the third quarter worth $46,000. Finally, Amalgamated Bank acquired a new position in shares of WNS during the second quarter valued at $84,000. 97.36% of the stock is owned by institutional investors and hedge funds.

WNS Stock Performance

WNS stock traded down $0.54 during trading on Friday, reaching $47.45. 376,382 shares of the stock were exchanged. WNS has a twelve month low of $39.85 and a twelve month high of $72.57. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.27 billion and a P/E ratio of 18.25. The stock has a 50 day simple moving average of $52.32 and a 200-day simple moving average of $52.62.

Analyst Upgrades and Downgrades

A number of research firms have commented on WNS. Needham & Company LLC dropped their price target on shares of WNS from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, October 18th. 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. Barrington Research reiterated an "outperform" rating and set a $70.00 price target on shares of WNS in a research report on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on WNS from $60.00 to $73.00 and gave the company a "neutral" rating in a report on Friday, September 6th. Finally, TD Cowen cut WNS from a "buy" rating to a "hold" rating and decreased their target price for the company from $64.00 to $53.00 in a research note on Thursday, October 17th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $60.33.

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.