Allspring Global Investments Holdings LLC Buys 81,015 Shares of WNS (Holdings) Limited $WNS

Allspring Global Investments Holdings LLC boosted its stake in shares of WNS (Holdings) Limited (NYSE:WNS) by 15.6% during the second quarter, Holdings Channel.com reports. The fund owned 599,748 shares of the business services provider’s stock after acquiring an additional 81,015 shares during the period. Allspring Global Investments Holdings LLC’s holdings in WNS were worth $37,928,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of WNS. Baird Financial Group Inc. raised its holdings in shares of WNS by 10.2% during the 1st quarter. Baird Financial Group Inc. now owns 5,762 shares of the business services provider’s stock worth $354,000 after buying an additional 533 shares in the last quarter. Cetera Investment Advisers grew its position in WNS by 11.6% in the first quarter. Cetera Investment Advisers now owns 5,731 shares of the business services provider’s stock valued at $352,000 after acquiring an additional 597 shares during the last quarter. KLP Kapitalforvaltning AS raised its stake in WNS by 9.3% during the second quarter. KLP Kapitalforvaltning AS now owns 8,200 shares of the business services provider’s stock worth $519,000 after acquiring an additional 700 shares in the last quarter. Quarry LP bought a new position in shares of WNS in the first quarter worth about $47,000. Finally, Horizon Family Wealth Inc. boosted its stake in shares of WNS by 12.8% in the 1st quarter. Horizon Family Wealth Inc. now owns 7,442 shares of the business services provider’s stock valued at $458,000 after purchasing an additional 843 shares in the last quarter. 97.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on WNS. William Blair cut shares of WNS from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 7th. Wall Street Zen cut WNS from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Deutsche Bank Aktiengesellschaft started coverage on WNS in a report on Thursday, July 17th. They set a “hold” rating and a $76.50 price objective on the stock. Needham & Company LLC cut WNS from a “moderate buy” rating to a “hold” rating in a report on Monday, July 7th. Finally, Baird R W lowered WNS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $67.43.

WNS Stock Up 0.0%

Shares of NYSE:WNS opened at $76.39 on Thursday. The firm has a market cap of $3.28 billion, a P/E ratio of 21.28, a P/E/G ratio of 2.25 and a beta of 0.91. WNS has a 12-month low of $42.62 and a 12-month high of $76.40. The business has a fifty day simple moving average of $75.73 and a 200 day simple moving average of $67.95. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.18.

WNS (NYSE:WNS) last released its quarterly earnings results on Thursday, July 24th. The business services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. WNS had a return on equity of 22.90% and a net margin of 12.11%.The firm had revenue of $339.90 million for the quarter, compared to analyst estimates of $323.13 million. During the same quarter in the previous year, the company posted $0.93 EPS. The business’s revenue was up 9.5% on a year-over-year basis. Analysts predict that WNS will post 3.8 earnings per share for the current year.

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.