Jane Street Group LLC Grows Stock Position in WNS (Holdings) Limited (NYSE:WNS)

Jane Street Group LLC grew its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 728.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,974 shares of the business services provider’s stock after purchasing an additional 46,577 shares during the period. Jane Street Group LLC’s holdings in WNS were worth $2,792,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WNS. Thrivent Financial for Lutherans acquired a new stake in WNS during the 3rd quarter valued at approximately $61,726,000. Allspring Global Investments Holdings LLC grew its position in shares of WNS by 84.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 591,052 shares of the business services provider’s stock worth $31,030,000 after buying an additional 270,117 shares in the last quarter. State Street Corp increased its stake in shares of WNS by 40.5% in the third quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock worth $39,182,000 after buying an additional 214,417 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in 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 acquiring an additional 188,616 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in 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 valued at $8,123,000 after acquiring an additional 127,960 shares during the last quarter. 97.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Barrington Research reiterated an “outperform” rating and set a $70.00 price target on shares of WNS in a research report on Friday, October 18th. TD Cowen lowered shares of WNS from a “buy” rating to a “hold” rating and dropped their price target 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 cut their price objective on WNS from $55.00 to $51.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, WNS currently has an average rating of “Hold” and an average target price of $60.33.

WNS Trading Up 1.0 %

WNS stock opened at $45.98 on Friday. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.93 and a beta of 1.14. The company’s fifty day moving average price is $49.81 and its two-hundred day moving average price is $53.16. WNS has a one year low of $39.85 and a one year high of $72.57. 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 (NYSE:WNS) last posted its earnings results on Thursday, October 17th. The business services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.21. WNS had a return on equity of 22.76% and a net margin of 9.39%. The firm had revenue of $310.70 million during the quarter, compared to analyst estimates of $313.66 million. On average, analysts forecast that WNS will post 3.52 earnings per share for the current fiscal 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.