Massachusetts Financial Services Co. MA Sells 530,733 Shares of WNS (Holdings) Limited (NYSE:WNS)

Massachusetts Financial Services Co. MA reduced its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 50.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 521,589 shares of the business services provider’s stock after selling 530,733 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.09% of WNS worth $27,383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. increased its stake in WNS by 406.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 36,948 shares of the business services provider’s stock valued at $1,940,000 after purchasing an additional 29,646 shares in the last quarter. Congress Wealth Management LLC DE increased its stake in WNS by 39.3% during the 1st quarter. Congress Wealth Management LLC DE now owns 105,935 shares of the business services provider’s stock valued at $5,091,000 after purchasing an additional 29,911 shares in the last quarter. Seven Eight Capital LP bought a new stake in WNS during the 1st quarter valued at about $1,205,000. William Blair Investment Management LLC increased its stake in WNS by 8.3% during the 2nd quarter. William Blair Investment Management LLC now owns 347,511 shares of the business services provider’s stock valued at $18,244,000 after purchasing an additional 26,648 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its stake in WNS by 11.9% during 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 purchasing an additional 188,616 shares in the last quarter. 97.36% of the stock is currently owned by institutional investors.

WNS Stock Performance

Shares of NYSE WNS opened at $54.64 on Friday. The firm’s 50-day moving average price is $57.67 and its 200-day moving average price is $53.27. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.61 billion and a PE ratio of 19.31. WNS has a 52-week low of $39.85 and a 52-week high of $74.54.

WNS (NYSE:WNS) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $312.40 million for the quarter, compared to the consensus estimate of $310.49 million. WNS had a net margin of 10.52% and a return on equity of 22.05%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 earnings per share. As a group, analysts anticipate that WNS will post 3.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barrington Research restated an “outperform” rating and set a $70.00 price objective on shares of WNS in a research note on Thursday, August 22nd. Needham & Company LLC raised their price target on shares of WNS from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.83.

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.