WNS (Holdings) Limited (NYSE:WNS) Shares Bought by Fmr LLC

FMR LLC raised its holdings in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,898,543 shares of the business services provider's stock after purchasing an additional 99,195 shares during the period. FMR LLC owned 10.25% of WNS worth $258,202,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WNS. Thrivent Financial for Lutherans bought a new stake in WNS during the 3rd quarter valued at $61,726,000. Allspring Global Investments Holdings LLC increased its position in shares of WNS by 84.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 591,052 shares of the business services provider's stock valued at $31,030,000 after buying an additional 270,117 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in 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 valued at $93,322,000 after purchasing an additional 188,616 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of WNS by 478.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 154,725 shares of the business services provider's stock worth $8,123,000 after buying an additional 127,960 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in WNS by 426.6% in the 2nd quarter. Rhumbline Advisers now owns 69,021 shares of the business services provider's stock worth $3,624,000 after buying an additional 55,913 shares during the last quarter. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on WNS shares. Citigroup set a $55.00 price target on shares of WNS in a research note on Thursday, October 17th. TD Cowen downgraded shares of WNS from a "buy" rating to a "hold" rating and decreased their price target for the stock from $64.00 to $53.00 in a research note on Thursday, October 17th. Barrington Research reissued an "outperform" rating and issued a $70.00 target price on shares of WNS in a research report on Friday, October 18th. Needham & Company LLC reduced their price target on shares of WNS from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of WNS from $60.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, WNS has a consensus rating of "Hold" and an average price target of $60.33.

WNS Price Performance

WNS traded down $0.67 during trading hours on Monday, hitting $53.56. The company's stock had a trading volume of 436,617 shares, compared to its average volume of 485,131. The business's 50-day moving average price is $50.30 and its 200-day moving average price is $53.40. 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 stock has a market cap of $2.56 billion and a price-to-earnings ratio of 20.86. WNS has a 12 month low of $39.85 and a 12 month high of $72.57.

WNS (NYSE:WNS - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.21. WNS had a return on equity of 22.76% and a net margin of 9.39%. The firm had revenue of $310.70 million during the quarter, compared to analyst estimates of $313.66 million. Sell-side analysts expect that WNS will post 3.52 earnings per share for the current fiscal year.

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.