Tower Research Capital LLC TRC cut its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 81.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 474 shares of the business services provider’s stock after selling 2,151 shares during the quarter. Tower Research Capital LLC TRC’s holdings in WNS were worth $28,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Confluence Investment Management LLC lifted its position in shares of WNS by 10.0% in the 3rd quarter. Confluence Investment Management LLC now owns 4,864 shares of the business services provider’s stock worth $286,000 after acquiring an additional 442 shares during the period. Congress Asset Management Co. MA raised its stake in shares of WNS by 0.5% in the third quarter. Congress Asset Management Co. MA now owns 98,476 shares of the business services provider’s stock valued at $5,785,000 after purchasing an additional 461 shares in the last quarter. Royal Bank of Canada raised its stake in shares of WNS by 110.9% in the second quarter. Royal Bank of Canada now owns 989 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 520 shares in the last quarter. American Beacon Advisors Inc. bought a new position in WNS in the third quarter worth $33,000. Finally, M&T Bank Corp lifted its position in WNS by 22.6% in the second quarter. M&T Bank Corp now owns 4,648 shares of the business services provider’s stock worth $275,000 after purchasing an additional 857 shares during the period. Hedge funds and other institutional investors own 94.66% of the company’s stock.
WNS has been the topic of several analyst reports. ValuEngine lowered shares of WNS from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Cantor Fitzgerald raised their price objective on shares of WNS from $68.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. JPMorgan Chase & Co. decreased their target price on shares of WNS from $73.00 to $72.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Berenberg Bank initiated coverage on shares of WNS in a research report on Friday, September 13th. They set a “buy” rating and a $72.00 target price on the stock. Finally, Citigroup upped their target price on shares of WNS from $69.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $69.64.
WNS (NYSE:WNS) last issued its quarterly earnings data on Thursday, October 17th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.12. WNS had a return on equity of 23.57% and a net margin of 13.47%. The company had revenue of $220.70 million during the quarter, compared to analysts’ expectations of $216.08 million. During the same period last year, the business earned $0.65 earnings per share. The business’s revenue was up 12.9% on a year-over-year basis. Research analysts expect that WNS will post 2.43 EPS for the current fiscal year.
WNS (Holdings) Limited, a business process management company, together with its subsidiaries, provides data, voice, analytical, and business transformation services worldwide. It operates through two segments, WNS Global BPM and WNS Auto Claims BPM. The company offers industry-specific services to clients primarily in insurance; travel and leisure; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; utilities; consulting and professional services; healthcare; banking and financial services; and shipping and logistics industries.
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