abrdn plc Sells 47,887 Shares of WNS (Holdings) Limited (NYSE:WNS)

abrdn plc trimmed its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 10.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 427,015 shares of the business services provider’s stock after selling 47,887 shares during the quarter. abrdn plc’s holdings in WNS were worth $26,987,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. DGS Capital Management LLC grew its stake in WNS by 6.3% during the fourth quarter. DGS Capital Management LLC now owns 3,405 shares of the business services provider’s stock worth $215,000 after buying an additional 203 shares during the last quarter. WCM Investment Management LLC grew its stake in WNS by 8.0% during the fourth quarter. WCM Investment Management LLC now owns 689,604 shares of the business services provider’s stock worth $43,831,000 after buying an additional 50,944 shares during the last quarter. Osborne Partners Capital Management LLC grew its stake in WNS by 1.0% during the fourth quarter. Osborne Partners Capital Management LLC now owns 74,968 shares of the business services provider’s stock worth $4,738,000 after buying an additional 745 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in WNS by 10.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 380,233 shares of the business services provider’s stock worth $24,031,000 after buying an additional 35,570 shares during the last quarter. Finally, Raymond James & Associates grew its stake in WNS by 6.7% during the fourth quarter. Raymond James & Associates now owns 11,883 shares of the business services provider’s stock worth $751,000 after buying an additional 745 shares during the last quarter. 97.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on WNS shares. Citigroup decreased their price target on shares of WNS from $80.00 to $62.00 and set a “buy” rating on the stock in a research note on Monday. Needham & Company LLC reissued a “buy” rating and set a $80.00 price target on shares of WNS in a research note on Friday, March 1st. Barrington Research reissued an “outperform” rating and set a $72.00 price target on shares of WNS in a research note on Monday, April 15th. Finally, StockNews.com cut shares of WNS from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.13.

WNS Stock Up 1.7 %

Shares of NYSE WNS opened at $48.70 on Wednesday. The company’s 50 day simple moving average is $53.75 and its 200 day simple moving average is $58.97. WNS has a fifty-two week low of $45.09 and a fifty-two week high of $91.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.82 and a current ratio of 1.82.

About WNS

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through two segments, WNS Global BPM and WNS Auto Claims BPM. It offers industry-specific services to clients primarily in insurance; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure; healthcare; utilities; shipping and logistics; Hi-tech and professional services; and banking and financial services.