Geode Capital Management LLC Sells 6,694 Shares of WNS (Holdings) Limited (NYSE:WNS)

Geode Capital Management LLC reduced its position in WNS (Holdings) Limited (NYSE:WNS) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 679,588 shares of the business services provider’s stock after selling 6,694 shares during the quarter. Geode Capital Management LLC owned 1.42% of WNS worth $35,821,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC boosted its position in WNS by 2.1% during the 3rd quarter. FMR LLC now owns 4,898,543 shares of the business services provider’s stock valued at $258,202,000 after acquiring an additional 99,195 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its stake in shares of 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 worth $93,322,000 after purchasing an additional 188,616 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in WNS during the third quarter valued at about $61,726,000. State Street Corp grew its stake in WNS by 40.5% in the third quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock valued at $39,182,000 after purchasing an additional 214,417 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in WNS by 84.2% in 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 purchasing an additional 270,117 shares in the last quarter. 97.36% of the stock is currently owned by institutional investors.

WNS Price Performance

Shares of WNS opened at $46.83 on Thursday. 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 fifty day moving average price is $49.71 and its 200-day moving average price is $53.11. WNS has a 1-year low of $39.85 and a 1-year high of $72.57. The firm has a market capitalization of $2.24 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 1.93 and a beta of 1.14.

WNS (NYSE:WNS) last posted its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.99 earnings per share 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 business had revenue of $310.70 million for the quarter, compared to the consensus estimate of $313.66 million. On average, equities research analysts predict that WNS will post 3.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WNS shares. TD Cowen cut shares of WNS from a “buy” rating to a “hold” rating and lowered their price target for the company from $64.00 to $53.00 in a report on Thursday, October 17th. JPMorgan Chase & Co. raised 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. Needham & Company LLC reduced 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. Barrington Research reissued an “outperform” rating and issued a $70.00 price objective on shares of WNS in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $60.33.

About WNS

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.