WNS (Holdings) Limited (NYSE:WNS) Stake Boosted by Synovus Financial Corp

Synovus Financial Corp raised its holdings in shares of WNS (Holdings) Limited (NYSE:WNS) by 63.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,454 shares of the business services provider’s stock after purchasing an additional 4,439 shares during the period. Synovus Financial Corp’s holdings in WNS were worth $543,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of WNS. Thrivent Financial for Lutherans grew its position in shares of WNS by 26.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,483,569 shares of the business services provider’s stock valued at $70,307,000 after buying an additional 312,519 shares during the last quarter. State Street Corp grew its holdings in shares of WNS by 40.5% during 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. Principal Financial Group Inc. raised its position in shares of WNS by 3,523.4% during the 4th quarter. Principal Financial Group Inc. now owns 152,326 shares of the business services provider’s stock worth $7,219,000 after purchasing an additional 148,122 shares during the period. Vanguard Group Inc. lifted its holdings in shares of WNS by 27.1% in the 4th quarter. Vanguard Group Inc. now owns 415,556 shares of the business services provider’s stock worth $19,693,000 after purchasing an additional 88,698 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in WNS by 15,848.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 85,645 shares of the business services provider’s stock valued at $4,059,000 after purchasing an additional 85,108 shares during the period. 97.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com raised WNS from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. Needham & Company LLC lifted their price objective on shares of WNS from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. Robert W. Baird upped their target price on shares of WNS from $58.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Jefferies Financial Group cut their price target on WNS from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Finally, Barrington Research increased their price objective on WNS from $63.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, March 26th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.25.

WNS Price Performance

Shares of NYSE:WNS opened at $66.54 on Friday. The stock’s 50 day moving average price is $61.21 and its 200 day moving average price is $54.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 23.27, a PEG 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 $72.11.

WNS (NYSE:WNS) last announced its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.89 earnings per share 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%. Equities research analysts anticipate that WNS will post 3.8 earnings per share for the current fiscal year.

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.