Synovus Financial Corp Sells 4,122 Shares of WNS (Holdings) Limited (NYSE:WNS)

Synovus Financial Corp lowered its holdings in WNS (Holdings) Limited (NYSE:WNS) by 37.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,015 shares of the business services provider’s stock after selling 4,122 shares during the period. Synovus Financial Corp’s holdings in WNS were worth $370,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its position in shares of WNS by 228.9% in the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock valued at $27,000 after buying an additional 364 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in WNS in the 3rd quarter valued at $46,000. Amalgamated Bank bought a new stake in shares of WNS during the 2nd quarter valued at $84,000. GAMMA Investing LLC grew its holdings in shares of WNS by 237.2% during the 3rd quarter. GAMMA Investing LLC now owns 2,141 shares of the business services provider’s stock worth $113,000 after purchasing an additional 1,506 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of WNS by 1,151.2% in the third quarter. Blue Trust Inc. now owns 2,665 shares of the business services provider’s stock worth $140,000 after purchasing an additional 2,452 shares during the period. Institutional investors and hedge funds own 97.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of WNS from $55.00 to $51.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. JPMorgan Chase & Co. increased 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. TD Cowen downgraded shares of WNS from a “buy” rating to a “hold” rating and lowered their price objective for the company from $64.00 to $53.00 in a research report on Thursday, October 17th. Citigroup set a $55.00 target price on WNS in a research note on Thursday, October 17th. Finally, Barrington Research reiterated an “outperform” rating and issued a $70.00 price target on shares of WNS in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.33.

WNS Stock Performance

Shares of WNS stock opened at $45.20 on Thursday. The company’s 50 day moving average price is $49.88 and its two-hundred day moving average price is $53.22. The firm has a market capitalization of $2.16 billion, a P/E ratio of 17.38, a P/E/G ratio of 1.93 and a beta of 1.14. WNS has a fifty-two week low of $39.85 and a fifty-two week high of $72.57. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

WNS (NYSE:WNS) last released its quarterly earnings data on Thursday, October 17th. The business services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.21. WNS had a return on equity of 22.76% and a net margin of 9.39%. The company had revenue of $310.70 million for the quarter, compared to the consensus estimate of $313.66 million. On average, equities analysts forecast that WNS will post 3.52 earnings per share for the current fiscal 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.