Inspire Advisors LLC Has $651,000 Holdings in WNS (Holdings) Limited (NYSE:WNS)

Inspire Advisors LLC lessened its holdings in WNS (Holdings) Limited (NYSE:WNS) by 6.1% in the 3rd quarter, Holdings Channel reports. The firm owned 12,343 shares of the business services provider’s stock after selling 804 shares during the quarter. Inspire Advisors LLC’s holdings in WNS were worth $651,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. lifted its stake in shares of WNS by 406.0% in 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 during the last quarter. Congress Wealth Management LLC DE raised its holdings in WNS by 39.3% in the 1st quarter. Congress Wealth Management LLC DE now owns 105,935 shares of the business services provider’s stock worth $5,091,000 after acquiring an additional 29,911 shares during the period. Seven Eight Capital LP bought a new position in WNS in the 1st quarter worth $1,205,000. William Blair Investment Management LLC raised its holdings in WNS by 8.3% in the 2nd quarter. William Blair Investment Management LLC now owns 347,511 shares of the business services provider’s stock worth $18,244,000 after acquiring an additional 26,648 shares during the period. Finally, Diamond Hill Capital Management Inc. raised 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 worth $93,322,000 after acquiring an additional 188,616 shares during the period. Institutional investors and hedge funds own 97.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WNS. Barrington Research reiterated an “outperform” rating and issued a $70.00 target price on shares of WNS in a report on Friday. TD Cowen downgraded shares of WNS from a “buy” rating to a “hold” rating and dropped their target price for the stock from $64.00 to $53.00 in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Needham & Company LLC dropped their target price on shares of WNS from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $60.33.

WNS Stock Performance

NYSE:WNS opened at $46.37 on Friday. The firm’s 50-day moving average is $54.66 and its 200-day moving average is $52.71. WNS has a 52-week low of $39.85 and a 52-week high of $72.57. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $2.22 billion and a price-to-earnings ratio of 16.33.

WNS (NYSE:WNS) last posted its earnings results on Thursday, July 18th. The business services provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $312.40 million for the quarter, compared to analysts’ expectations of $310.49 million. WNS had a net margin of 10.52% and a return on equity of 22.05%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Equities research analysts anticipate that WNS will post 3.71 earnings per share for the current year.

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.