WNS (Holdings) Limited (NYSE:WNS) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in WNS (Holdings) Limited (NYSE:WNS) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 679,588 shares of the business services provider’s stock after selling 6,694 shares during the period. Geode Capital Management LLC’s holdings in WNS were worth $35,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans acquired a new position in shares of WNS in the third quarter worth about $61,726,000. Allspring Global Investments Holdings LLC raised its holdings in WNS by 84.2% in 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 period. State Street Corp boosted its position in WNS by 40.5% during the third quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock worth $39,182,000 after purchasing an additional 214,417 shares in the last quarter. Diamond Hill Capital Management Inc. grew 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 purchasing an additional 188,616 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of WNS by 478.1% in the second 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 buying an additional 127,960 shares in the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.

WNS Stock Performance

NYSE:WNS opened at $46.83 on Thursday. The company has a market cap of $2.24 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.93 and a beta of 1.14. WNS has a twelve month low of $39.85 and a twelve month high of $72.57. The company’s 50-day moving average price is $49.71 and its 200-day moving average price is $53.11. 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 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. The business had revenue of $310.70 million for the quarter, compared to analyst estimates of $313.66 million. WNS had a net margin of 9.39% and a return on equity of 22.76%. On average, sell-side analysts forecast that WNS will post 3.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WNS has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Barrington Research reiterated an “outperform” rating and issued a $70.00 target price on shares of WNS in a research report on Friday, October 18th. Needham & Company LLC reduced their price target on shares of WNS from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, October 18th. JPMorgan Chase & Co. lifted their price objective on WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Finally, TD Cowen cut WNS from a “buy” rating to a “hold” rating and reduced their target price for the company from $64.00 to $53.00 in a report on Thursday, October 17th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.