The Manufacturers Life Insurance Company Has $835,000 Holdings in WNS (Holdings) Limited (NYSE:WNS)

The Manufacturers Life Insurance Company trimmed its holdings in WNS (Holdings) Limited (NYSE:WNS) by 5.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,836 shares of the business services provider’s stock after selling 854 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in WNS were worth $835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Thrivent Financial for Lutherans acquired a new stake in shares of WNS during the 3rd quarter worth approximately $61,726,000. Allspring Global Investments Holdings LLC boosted its stake in 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. Diamond Hill Capital Management Inc. increased its holdings 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 buying an additional 188,616 shares during the period. Bank of New York Mellon Corp raised its stake in shares of WNS by 478.1% in 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 buying an additional 127,960 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of WNS by 426.6% during the 2nd quarter. Rhumbline Advisers now owns 69,021 shares of the business services provider’s stock worth $3,624,000 after acquiring an additional 55,913 shares during the period. Institutional investors and hedge funds own 97.36% of the company’s stock.

WNS Price Performance

WNS opened at $48.35 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. The company’s 50 day simple moving average is $50.01 and its 200-day simple moving average is $53.33. WNS has a one year low of $39.85 and a one year high of $72.57. The stock has a market capitalization of $2.31 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.94 and a beta of 1.14.

WNS (NYSE:WNS) last released its earnings results on Thursday, October 17th. The business services provider reported $0.99 EPS for the quarter, beating 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 company had revenue of $310.70 million during the quarter, compared to analysts’ expectations of $313.66 million. Sell-side analysts anticipate that WNS will post 3.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

WNS 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.