State Street Corp Raises Position in WNS (Holdings) Limited (NYSE:WNS)

State Street Corp raised its holdings in shares of WNS (Holdings) Limited (NYSE:WNS - Free Report) by 40.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 743,343 shares of the business services provider's stock after buying an additional 214,417 shares during the quarter. State Street Corp owned about 1.55% of WNS worth $39,182,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WNS. EverSource Wealth Advisors LLC grew its stake in WNS by 228.9% during the 2nd 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. Financial Management Professionals Inc. acquired a new position in shares of WNS during the 3rd quarter worth approximately $46,000. Amalgamated Bank acquired a new position in shares of WNS during the 2nd quarter worth approximately $84,000. GAMMA Investing LLC grew its position in shares of WNS by 237.2% in the third quarter. GAMMA Investing LLC now owns 2,141 shares of the business services provider's stock valued at $113,000 after purchasing an additional 1,506 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of WNS by 1,151.2% in the third quarter. Blue Trust Inc. now owns 2,665 shares of the business services provider's stock valued at $140,000 after purchasing an additional 2,452 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.

WNS Trading Up 1.0 %

Shares of WNS traded up $0.45 during trading on Friday, reaching $45.98. 1,377,384 shares of the company traded hands, compared to its average volume of 493,683. The stock has a 50-day simple moving average of $49.81 and a 200-day simple moving average of $53.14. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. WNS has a twelve month low of $39.85 and a twelve month high of $72.57. The stock has a market cap of $2.20 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.93 and a beta of 1.14.

WNS (NYSE:WNS - Get Free Report) last posted its earnings results on Thursday, October 17th. The business services provider reported $0.99 earnings per share for the quarter, beating 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 firm had revenue of $310.70 million during the quarter, compared to the consensus estimate of $313.66 million. On average, analysts anticipate that WNS will post 3.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Needham & Company LLC dropped their target price on WNS from $70.00 to $60.00 and set a "buy" rating for the company in a report on Friday, October 18th. Citigroup set a $55.00 price objective on shares of WNS in a report on Thursday, October 17th. JPMorgan Chase & Co. lifted their target price 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. Barrington Research reissued an "outperform" rating and issued a $70.00 price target on shares of WNS in a research note on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft cut 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target 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.