WNS (Holdings) Limited (NYSE:WNS) Holdings Cut by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in shares of WNS (Holdings) Limited (NYSE:WNS) by 22.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 536,077 shares of the business services provider’s stock after selling 158,232 shares during the quarter. Wellington Management Group LLP owned approximately 1.12% of WNS worth $28,257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WNS. TimesSquare Capital Management LLC grew its position in WNS by 17.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 377,825 shares of the business services provider’s stock worth $19,915,000 after purchasing an additional 55,306 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of WNS by 8.3% during the second quarter. William Blair Investment Management LLC now owns 347,511 shares of the business services provider’s stock worth $18,244,000 after buying an additional 26,648 shares during the period. Citigroup Inc. grew its holdings in WNS by 90.0% in the 3rd quarter. Citigroup Inc. now owns 67,333 shares of the business services provider’s stock worth $3,549,000 after buying an additional 31,886 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in WNS by 11.9% in the 2nd 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 during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in WNS during the 2nd quarter valued at $876,000. Institutional investors and hedge funds own 97.36% of the company’s stock.

WNS Trading Down 2.3 %

WNS stock opened at $48.35 on Friday. WNS has a 1 year low of $39.85 and a 1 year high of $72.57. The firm’s 50 day moving average price is $50.01 and its two-hundred day moving average price is $53.33. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 1.94 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

WNS (NYSE:WNS) last announced its earnings results on Thursday, October 17th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.21. WNS had a return on equity of 22.76% and a net margin of 9.39%. The company had revenue of $310.70 million for the quarter, compared to analyst estimates of $313.66 million. On average, research analysts predict that WNS will post 3.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WNS. 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. Deutsche Bank Aktiengesellschaft lowered their target price on shares of WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. TD Cowen lowered shares of WNS from a “buy” rating to a “hold” rating and reduced their price target for the stock from $64.00 to $53.00 in a research note on Thursday, October 17th. Needham & Company LLC decreased their price objective on shares of WNS from $70.00 to $60.00 and set a “buy” rating for the company in a report on Friday, October 18th. Finally, Citigroup set a $55.00 target price on WNS in a research report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.