Massachusetts Financial Services Co. MA Cuts Position in WNS (Holdings) Limited (NYSE:WNS)

Massachusetts Financial Services Co. MA reduced its stake in shares of WNS (Holdings) Limited (NYSE:WNS) by 20.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 390,120 shares of the business services provider’s stock after selling 100,152 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.82% of WNS worth $18,488,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of WNS during the third quarter valued at about $1,539,000. Verition Fund Management LLC bought a new position in shares of WNS during the 3rd quarter worth approximately $392,000. State Street Corp boosted 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 acquiring an additional 214,417 shares in the last quarter. Jane Street Group LLC grew its holdings in WNS by 728.1% in the third quarter. Jane Street Group LLC now owns 52,974 shares of the business services provider’s stock worth $2,792,000 after purchasing an additional 46,577 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of WNS during the third quarter worth $398,000. Institutional investors own 97.36% of the company’s stock.

Wall Street Analyst Weigh In

WNS has been the subject of a number of recent analyst reports. Barrington Research raised their price objective on WNS from $63.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 26th. Needham & Company LLC boosted their price target on WNS from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Robert W. Baird increased their price objective on shares of WNS from $58.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Jefferies Financial Group lowered their target price on shares of WNS from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Finally, StockNews.com upgraded shares of WNS from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, WNS currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.25.

WNS Stock Down 3.3 %

WNS stock opened at $62.42 on Monday. The company has a market capitalization of $2.89 billion, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 2.10 and a beta of 0.96. WNS has a 12 month low of $39.85 and a 12 month high of $70.31. The firm’s fifty day simple moving average is $60.41 and its 200-day simple moving average is $53.29. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.81.

WNS (NYSE:WNS) last posted its quarterly earnings results on Thursday, January 23rd. The business services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.15). WNS had a net margin of 10.03% and a return on equity of 22.25%. As a group, equities research analysts forecast that WNS will post 3.8 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.