abrdn plc Has $13.19 Million Stake in WNS (Holdings) Limited (NYSE:WNS)

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

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC grew 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 acquiring an additional 364 shares in the last quarter. GAMMA Investing LLC grew 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 buying an additional 248 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in WNS during the first quarter worth about $38,000. Financial Management Professionals Inc. acquired a new stake in WNS during the third quarter worth about $46,000. Finally, Amalgamated Bank acquired a new stake in WNS during the second quarter worth about $84,000. 97.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on WNS shares. Citigroup set a $55.00 price objective on shares of WNS in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of WNS from $55.00 to $51.00 and set a "hold" rating for the company in a report on Thursday, October 3rd. TD Cowen cut shares of WNS from a "buy" rating to a "hold" rating and dropped their target price for the stock from $64.00 to $53.00 in a report on Thursday, October 17th. Needham & Company LLC dropped their target price on shares of WNS from $70.00 to $60.00 and set a "buy" rating for the company in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. increased their target price on shares of WNS from $60.00 to $73.00 and gave the stock a "neutral" rating in a report on Friday, September 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, WNS presently has a consensus rating of "Hold" and an average target price of $60.33.

WNS Trading Down 1.1 %

NYSE WNS traded down $0.54 during trading hours on Friday, reaching $47.45. The company's stock had a trading volume of 376,382 shares. The firm has a fifty day simple moving average of $52.32 and a 200-day simple moving average of $52.58. The stock has a market cap of $2.27 billion and a P/E ratio of 18.25. WNS has a 52 week low of $39.85 and a 52 week high of $72.57. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.60.

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.