WNS (Holdings) Limited (NYSE:WNS) Shares Purchased by Synovus Financial Corp

Synovus Financial Corp raised its stake in WNS (Holdings) Limited (NYSE:WNS - Free Report) by 63.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,454 shares of the business services provider's stock after purchasing an additional 4,439 shares during the quarter. Synovus Financial Corp's holdings in WNS were worth $543,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WNS. Blue Trust Inc. boosted its holdings in WNS by 65.0% in the fourth quarter. Blue Trust Inc. now owns 4,397 shares of the business services provider's stock valued at $208,000 after acquiring an additional 1,732 shares during the last quarter. Pictet Asset Management Holding SA acquired a new position in shares of WNS in the 4th quarter valued at about $213,000. Mount Yale Investment Advisors LLC lifted its stake in shares of WNS by 18.1% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,261 shares of the business services provider's stock valued at $249,000 after purchasing an additional 805 shares in the last quarter. DGS Capital Management LLC purchased a new stake in shares of WNS during the 3rd quarter worth about $291,000. Finally, Central Pacific Bank Trust Division increased its position in WNS by 29.5% during the 4th quarter. Central Pacific Bank Trust Division now owns 6,940 shares of the business services provider's stock worth $329,000 after purchasing an additional 1,580 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on WNS shares. Needham & Company LLC boosted their price objective on shares of WNS from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. StockNews.com upgraded WNS from a "hold" rating to a "buy" rating in a report on Friday, January 24th. Jefferies Financial Group reduced their price objective on WNS from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Barrington Research increased their target price on WNS from $63.00 to $75.00 and gave the company an "outperform" rating in a research note on Wednesday, March 26th. Finally, Robert W. Baird boosted their price target on WNS from $58.00 to $66.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, WNS has an average rating of "Moderate Buy" and a consensus target price of $62.25.

WNS Price Performance

Shares of NYSE WNS opened at $66.54 on Friday. The business has a 50 day moving average price of $61.21 and a two-hundred day moving average price of $54.14. WNS has a fifty-two week low of $39.85 and a fifty-two week high of $72.11. The firm has a market cap of $3.08 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 2.10 and a beta of 0.96. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.19.

WNS (NYSE:WNS - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The business services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.15). WNS had a return on equity of 22.25% and a net margin of 10.03%. Sell-side analysts expect that WNS will post 3.8 earnings per share for the current fiscal year.

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.

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