US Bancorp DE reduced its stake in WNS (Holdings) Limited (NYSE:WNS – Free Report) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,925 shares of the business services provider’s stock after selling 1,834 shares during the period. US Bancorp DE owned approximately 0.12% of WNS worth $4,270,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Putnam Investments LLC increased its holdings in WNS by 1.3% in the 1st quarter. Putnam Investments LLC now owns 192,296 shares of the business services provider’s stock valued at $17,916,000 after acquiring an additional 2,436 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in WNS by 11.4% in the 2nd quarter. Verdence Capital Advisors LLC now owns 9,850 shares of the business services provider’s stock valued at $726,000 after acquiring an additional 1,007 shares during the last quarter. Natixis Advisors L.P. increased its holdings in WNS by 14.4% in the 1st quarter. Natixis Advisors L.P. now owns 173,837 shares of the business services provider’s stock valued at $16,196,000 after acquiring an additional 21,937 shares during the last quarter. Rice Hall James & Associates LLC increased its holdings in WNS by 11.2% in the 2nd quarter. Rice Hall James & Associates LLC now owns 677,225 shares of the business services provider’s stock valued at $49,925,000 after acquiring an additional 68,127 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in WNS by 25.2% in the 2nd quarter. Truist Financial Corp now owns 2,767 shares of the business services provider’s stock valued at $204,000 after acquiring an additional 557 shares during the last quarter. 99.49% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Citigroup reduced their target price on shares of WNS from $95.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, October 20th. Needham & Company LLC restated a “buy” rating and issued a $80.00 target price on shares of WNS in a report on Monday, November 13th. Barrington Research reduced their target price on shares of WNS from $88.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, October 20th. Jefferies Financial Group assumed coverage on shares of WNS in a report on Tuesday, September 19th. They issued a “buy” rating and a $82.00 target price on the stock. Finally, StockNews.com upgraded shares of WNS from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, WNS currently has an average rating of “Buy” and an average price target of $91.83.
WNS Price Performance
WNS stock opened at $58.07 on Tuesday. WNS has a 12 month low of $51.84 and a 12 month high of $94.96. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $62.66 and a 200 day moving average price of $67.76. The stock has a market cap of $2.76 billion, a PE ratio of 18.32, a P/E/G ratio of 1.64 and a beta of 1.18.
WNS (NYSE:WNS – Get Free Report) last released its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.06. The company had revenue of $325.00 million during the quarter, compared to analysts’ expectations of $324.74 million. WNS had a net margin of 12.40% and a return on equity of 21.56%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 EPS. Equities research analysts anticipate that WNS will post 3.31 earnings per share for the current 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 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 telecommunication; travel and leisure; healthcare; utilities; shipping and logistics; Hi-tech and professional services; and banking and financial services.
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