Citigroup Inc. Buys 31,886 Shares of WNS (Holdings) Limited (NYSE:WNS)

Citigroup Inc. lifted its stake in shares of WNS (Holdings) Limited (NYSE:WNS) by 90.0% in the third quarter, HoldingsChannel.com reports. The fund owned 67,333 shares of the business services provider’s stock after acquiring an additional 31,886 shares during the quarter. Citigroup Inc.’s holdings in WNS were worth $3,549,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of WNS by 228.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock worth $27,000 after acquiring an additional 364 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of WNS by 64.1% during the 2nd quarter. GAMMA Investing LLC now owns 635 shares of the business services provider’s stock worth $33,000 after acquiring an additional 248 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of WNS during the 3rd quarter worth $46,000. Amalgamated Bank bought a new stake in shares of WNS during the 2nd quarter worth $84,000. Finally, Blue Trust Inc. lifted its holdings in shares of WNS by 1,151.2% during the 3rd quarter. Blue Trust Inc. now owns 2,665 shares of the business services provider’s stock worth $140,000 after acquiring an additional 2,452 shares during the last quarter. 97.36% of the stock is owned by institutional investors.

WNS Price Performance

WNS stock opened at $50.79 on Thursday. The firm’s 50-day moving average price is $50.20 and its two-hundred day moving average price is $53.40. WNS has a 12-month low of $39.85 and a 12-month high of $72.57. The stock has a market capitalization of $2.43 billion and a price-to-earnings ratio of 19.53. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

WNS (NYSE:WNS) last released its quarterly earnings data on Thursday, October 17th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $313.66 million. As a group, equities analysts predict that WNS will post 3.52 earnings per share for the current year.

Analysts Set New Price Targets

WNS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of WNS from $55.00 to $51.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Citigroup set a $55.00 price target on shares of WNS in a research note on Thursday, October 17th. TD Cowen downgraded shares of WNS from a “buy” rating to a “hold” rating and lowered their price target for the stock from $64.00 to $53.00 in a research note on Thursday, October 17th. 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, Needham & Company LLC lowered their price target on shares of WNS from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.