Allspring Global Investments Holdings LLC Sells 31,083 Shares of WNS (Holdings) Limited (NYSE:WNS)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of WNS (Holdings) Limited (NYSE:WNS) by 5.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 541,641 shares of the business services provider’s stock after selling 31,083 shares during the period. Allspring Global Investments Holdings LLC owned about 1.13% of WNS worth $25,668,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JB Capital LLC raised its position in WNS by 10.5% in the fourth quarter. JB Capital LLC now owns 31,820 shares of the business services provider’s stock worth $1,508,000 after acquiring an additional 3,024 shares during the period. Mount Yale Investment Advisors LLC lifted its stake in WNS by 18.1% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,261 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 805 shares during the last quarter. Hunter Perkins Capital Management LLC grew its holdings in WNS by 46.7% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 17,125 shares of the business services provider’s stock valued at $812,000 after purchasing an additional 5,455 shares during the period. Blue Trust Inc. increased its position in WNS by 65.0% in the fourth quarter. Blue Trust Inc. now owns 4,397 shares of the business services provider’s stock worth $208,000 after buying an additional 1,732 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of WNS by 15.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 36,770 shares of the business services provider’s stock valued at $1,743,000 after buying an additional 4,852 shares during the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.

WNS Stock Performance

NYSE WNS opened at $58.46 on Friday. The company’s 50 day simple moving average is $51.43 and its two-hundred day simple moving average is $52.70. The stock has a market capitalization of $2.79 billion, a PE ratio of 20.44, a P/E/G ratio of 2.18 and a beta of 1.19. 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 has a 1 year low of $39.85 and a 1 year high of $65.03.

WNS (NYSE:WNS) last posted its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.89 earnings per share (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 22.37%. Analysts predict that WNS will post 3.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WNS. Needham & Company LLC lifted their price objective on WNS from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. StockNews.com upgraded shares of WNS from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. Robert W. Baird upped their price target on shares of WNS from $58.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group reduced their price objective 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, WNS has an average rating of “Moderate Buy” and an average target price of $61.00.

WNS 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.