JPMorgan Chase & Co. Sells 195,763 Shares of WNS (Holdings) Limited (NYSE:WNS)

JPMorgan Chase & Co. lessened its holdings in WNS (Holdings) Limited (NYSE:WNS) by 9.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,972,713 shares of the business services provider’s stock after selling 195,763 shares during the quarter. JPMorgan Chase & Co. owned 4.13% of WNS worth $103,982,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Jane Street Group LLC lifted its position in WNS by 728.1% during the 3rd quarter. Jane Street Group LLC now owns 52,974 shares of the business services provider’s stock worth $2,792,000 after buying an additional 46,577 shares in the last quarter. State Street Corp raised its holdings 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 acquiring an additional 214,417 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in WNS by 17.1% during the third quarter. TimesSquare Capital Management LLC now owns 377,825 shares of the business services provider’s stock valued at $19,915,000 after purchasing an additional 55,306 shares during the last quarter. William Blair Investment Management LLC grew its stake in WNS by 8.3% in the second 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, Citigroup Inc. increased its position in shares of WNS by 90.0% during the 3rd quarter. Citigroup Inc. now owns 67,333 shares of the business services provider’s stock worth $3,549,000 after purchasing an additional 31,886 shares during the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

WNS Stock Performance

NYSE:WNS opened at $47.39 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.27 billion, a P/E ratio of 18.23, a PEG ratio of 1.93 and a beta of 1.14. The stock has a 50 day simple moving average of $49.75 and a 200 day simple moving average of $52.92. WNS has a 1-year low of $39.85 and a 1-year high of $72.57.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Deutsche Bank Aktiengesellschaft cut their target price on shares of WNS from $55.00 to $51.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. 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. Citigroup set a $55.00 target price on WNS in a research note on Thursday, October 17th. Finally, Barrington Research restated an “outperform” rating and issued a $70.00 price target on shares of WNS in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.