State Street Corp Has $39.18 Million Stock Position in WNS (Holdings) Limited (NYSE:WNS)

State Street Corp increased its stake in WNS (Holdings) Limited (NYSE:WNS) by 40.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 743,343 shares of the business services provider’s stock after buying an additional 214,417 shares during the quarter. State Street Corp’s holdings in WNS were worth $39,182,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WNS. Thrivent Financial for Lutherans acquired a new stake in WNS in the third quarter valued at $61,726,000. Allspring Global Investments Holdings LLC lifted its holdings in WNS by 84.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 591,052 shares of the business services provider’s stock worth $31,030,000 after purchasing an additional 270,117 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of WNS by 11.9% in the second quarter. Diamond Hill Capital Management Inc. now owns 1,777,557 shares of the business services provider’s stock valued at $93,322,000 after buying an additional 188,616 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of WNS by 478.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 154,725 shares of the business services provider’s stock worth $8,123,000 after acquiring an additional 127,960 shares during the period. Finally, FMR LLC lifted its holdings in shares of WNS by 2.1% in the third quarter. FMR LLC now owns 4,898,543 shares of the business services provider’s stock worth $258,202,000 after acquiring an additional 99,195 shares during the last quarter. 97.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WNS. Barrington Research reiterated an “outperform” rating and issued a $70.00 price target on shares of WNS in a research report on Friday, October 18th. Citigroup set a $55.00 price objective on WNS in a research report on Thursday, October 17th. TD Cowen cut WNS from a “buy” rating to a “hold” rating and lowered their price objective for the company from $64.00 to $53.00 in a research note on Thursday, October 17th. Needham & Company LLC lowered their target price on shares of WNS from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of WNS from $55.00 to $51.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, WNS has a consensus rating of “Hold” and an average price target of $60.33.

WNS Stock Up 1.0 %

Shares of NYSE:WNS opened at $45.98 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. WNS has a 1 year low of $39.85 and a 1 year high of $72.57. The company has a market cap of $2.20 billion, a PE ratio of 17.68, a P/E/G ratio of 1.93 and a beta of 1.14. The stock’s 50-day moving average is $49.81 and its 200 day moving average is $53.14.

WNS (NYSE:WNS) last released its earnings results on Thursday, October 17th. The business services provider reported $0.99 earnings per share for the quarter, topping 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 the consensus estimate of $313.66 million. Sell-side analysts anticipate that WNS will post 3.52 EPS 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 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.