Pathstone Holdings LLC Boosts Stock Holdings in WNS (Holdings) Limited (NYSE:WNS)

Pathstone Holdings LLC boosted its position in WNS (Holdings) Limited (NYSE:WNS) by 20.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,234 shares of the business services provider’s stock after buying an additional 6,433 shares during the quarter. Pathstone Holdings LLC owned approximately 0.08% of WNS worth $1,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Thrivent Financial for Lutherans purchased a new stake in WNS in the 3rd quarter worth about $61,726,000. Allspring Global Investments Holdings LLC raised its position in shares of WNS by 84.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 591,052 shares of the business services provider’s stock valued at $31,030,000 after purchasing an additional 270,117 shares during the period. Diamond Hill Capital Management Inc. raised its position in shares of WNS by 11.9% in the second quarter. Diamond Hill Capital Management Inc. now owns 1,777,557 shares of the business services provider’s stock valued at $93,322,000 after purchasing an additional 188,616 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of WNS by 478.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 154,725 shares of the business services provider’s stock valued at $8,123,000 after buying an additional 127,960 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in WNS by 426.6% in the 2nd quarter. Rhumbline Advisers now owns 69,021 shares of the business services provider’s stock worth $3,624,000 after buying an additional 55,913 shares during the period. 97.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WNS has been the topic of a number of analyst reports. Citigroup set a $55.00 target price on shares of WNS in a report on Thursday, October 17th. JPMorgan Chase & Co. increased their price objective on WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. TD Cowen lowered WNS from a “buy” rating to a “hold” rating and reduced their target price for the company from $64.00 to $53.00 in a report on Thursday, October 17th. Needham & Company LLC lowered their price target on shares of WNS from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of WNS from $55.00 to $51.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.33.

WNS Price Performance

WNS stock opened at $53.55 on Wednesday. The firm has a 50 day simple moving average of $50.38 and a two-hundred day simple moving average of $53.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market cap of $2.56 billion and a PE ratio of 20.60. WNS has a one year low of $39.85 and a one year high of $72.57.

WNS (NYSE:WNS) last released its earnings results on Thursday, October 17th. The business services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.21. WNS had a return on equity of 22.76% and a net margin of 9.39%. The business had revenue of $310.70 million for the quarter, compared to analysts’ expectations of $313.66 million. On average, analysts predict that WNS will post 3.52 EPS 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.