Wellington Management Group LLP Sells 158,232 Shares of WNS (Holdings) Limited (NYSE:WNS)

Wellington Management Group LLP trimmed its holdings in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 22.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 536,077 shares of the business services provider's stock after selling 158,232 shares during the period. Wellington Management Group LLP owned 1.12% of WNS worth $28,257,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp grew its position in shares of WNS by 40.5% in the third quarter. State Street Corp now owns 743,343 shares of the business services provider's stock valued at $39,182,000 after purchasing an additional 214,417 shares during the last quarter. Centiva Capital LP purchased a new stake in WNS during the 3rd quarter worth $1,558,000. Verition Fund Management LLC purchased a new stake in WNS during the 3rd quarter worth $392,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in WNS during the 3rd quarter worth $1,539,000. Finally, MetLife Investment Management LLC grew its holdings in WNS by 117.3% during the 3rd quarter. MetLife Investment Management LLC now owns 25,388 shares of the business services provider's stock worth $1,338,000 after acquiring an additional 13,702 shares in the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on WNS shares. Deutsche Bank Aktiengesellschaft decreased their price target 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. Barrington Research restated 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. boosted 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. Citigroup set a $55.00 price target on shares of WNS in a research report on Thursday, October 17th. Finally, Needham & Company LLC dropped their target price on shares of WNS from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $60.33.

WNS Trading Up 0.1 %

Shares of NYSE:WNS traded up $0.06 during trading on Friday, hitting $48.44. 178,823 shares of the company's stock were exchanged, compared to its average volume of 487,409. WNS has a 1-year low of $39.85 and a 1-year high of $72.57. The firm has a 50-day moving average price of $49.98 and a two-hundred day moving average price of $53.30. 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 firm has a market cap of $2.32 billion, a P/E ratio of 18.55, a PEG ratio of 1.96 and a beta of 1.14.

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