First Mercantile Trust Co. lessened its position in WNS (Holdings) Limited (NYSE:WNS) by 9.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,366 shares of the business services provider’s stock after selling 920 shares during the quarter. First Mercantile Trust Co.’s holdings in WNS were worth $445,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in WNS. Ranger Investment Management L.P. raised its position in WNS by 19.9% in the 4th quarter. Ranger Investment Management L.P. now owns 911,626 shares of the business services provider’s stock valued at $37,614,000 after buying an additional 151,130 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of WNS by 24.7% during the 1st quarter. Janus Henderson Group PLC now owns 691,006 shares of the business services provider’s stock worth $36,810,000 after purchasing an additional 136,836 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of WNS by 5.9% during the 4th quarter. Macquarie Group Ltd. now owns 1,501,805 shares of the business services provider’s stock worth $61,964,000 after purchasing an additional 83,054 shares during the last quarter. RMB Capital Management LLC acquired a new position in shares of WNS during the 4th quarter worth approximately $2,223,000. Finally, Two Sigma Investments LP increased its position in shares of WNS by 94.4% during the 4th quarter. Two Sigma Investments LP now owns 84,230 shares of the business services provider’s stock worth $3,475,000 after purchasing an additional 40,900 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.
NYSE:WNS opened at $54.20 on Thursday. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 24.09, a P/E/G ratio of 1.89 and a beta of 1.09. WNS has a twelve month low of $39.24 and a twelve month high of $57.56. The company has a current ratio of 2.07, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06.
Several research analysts have weighed in on WNS shares. Loop Capital boosted their price target on WNS to $65.00 and gave the stock a “buy” rating in a research report on Friday, January 18th. Barrington Research set a $60.00 price target on WNS and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Zacks Investment Research raised WNS from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Friday, May 3rd. ValuEngine raised WNS from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Wedbush boosted their price target on WNS from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $63.43.
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WNS (Holdings) Limited, a business process management company, together with its subsidiaries, provides data, voice, analytical, and business transformation services worldwide. It operates through two segments, WNS Global BPM and WNS Auto Claims BPM. The company offers industry-specific services to clients primarily in insurance; travel and leisure; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; utilities; consulting and professional services; healthcare; banking and financial services; and shipping and logistics industries.
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