Truist Financial Corp Purchases 38,296 Shares of WNS (Holdings) Limited (NYSE:WNS)

Truist Financial Corp increased its position in WNS (Holdings) Limited (NYSE:WNS) by 68.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 94,170 shares of the business services provider’s stock after buying an additional 38,296 shares during the period. Truist Financial Corp’s holdings in WNS were worth $6,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. State Street Corp grew its position in WNS by 11.6% in the 3rd quarter. State Street Corp now owns 44,663 shares of the business services provider’s stock worth $2,857,000 after purchasing an additional 4,646 shares during the last quarter. Morgan Stanley boosted its position in shares of WNS by 477.4% during the 3rd quarter. Morgan Stanley now owns 48,025 shares of the business services provider’s stock valued at $3,071,000 after acquiring an additional 39,708 shares in the last quarter. Grandeur Peak Global Advisors LLC boosted its position in shares of WNS by 2.2% during the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 2,428,024 shares of the business services provider’s stock valued at $155,296,000 after acquiring an additional 52,050 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of WNS during the 3rd quarter valued at about $874,000. Finally, Paloma Partners Management Co acquired a new stake in shares of WNS during the 3rd quarter valued at about $315,000. Hedge funds and other institutional investors own 99.74% of the company’s stock.

WNS opened at $71.79 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.69 and a quick ratio of 2.44. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 35.54, a price-to-earnings-growth ratio of 5.45 and a beta of 1.43. The firm has a 50 day simple moving average of $74.38 and a 200 day simple moving average of $69.58. WNS has a fifty-two week low of $38.76 and a fifty-two week high of $78.07.

WNS (NYSE:WNS) last posted its quarterly earnings results on Wednesday, January 20th. The business services provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.19. The business had revenue of $224.50 million during the quarter, compared to the consensus estimate of $213.87 million. WNS had a net margin of 11.37% and a return on equity of 19.39%. As a group, analysts expect that WNS will post 1.89 EPS for the current year.

Several analysts have recently weighed in on WNS shares. JPMorgan Chase & Co. lifted their target price on shares of WNS from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday, December 11th. Wedbush lifted their target price on shares of WNS from $75.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, December 9th. Bank of America lifted their target price on shares of WNS from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, January 22nd. Barrington Research restated an “outperform” rating and issued a $84.00 price target (up from $76.00) on shares of WNS in a research report on Tuesday, January 19th. Finally, Zacks Investment Research lowered shares of WNS from a “buy” rating to a “hold” rating in a research report on Tuesday, March 30th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.73.

WNS Profile

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through two segments, WNS Global BPM and WNS Auto Claims BPM. It offers industry-specific services to clients primarily in insurance; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecom; travel and leisure; healthcare; utilities; shipping and logistics; consulting and professional services; and banking and financial services.

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Institutional Ownership by Quarter for WNS (NYSE:WNS)

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