Allspring Global Investments Holdings LLC Buys 270,117 Shares of WNS (Holdings) Limited (NYSE:WNS)

Allspring Global Investments Holdings LLC raised its stake in shares of WNS (Holdings) Limited (NYSE:WNS) by 84.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 591,052 shares of the business services provider’s stock after purchasing an additional 270,117 shares during the period. Allspring Global Investments Holdings LLC owned 1.24% of WNS worth $31,030,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of WNS. CWM LLC grew its holdings in WNS by 490.6% during the fourth quarter. CWM LLC now owns 756 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 628 shares during the period. New York State Common Retirement Fund lifted its position in shares of WNS by 12.4% in the fourth quarter. New York State Common Retirement Fund now owns 87,839 shares of the business services provider’s stock valued at $5,551,000 after acquiring an additional 9,670 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of WNS in the fourth quarter valued at about $64,000. Truist Financial Corp purchased a new position in shares of WNS in the fourth quarter valued at about $201,000. Finally, Russell Investments Group Ltd. lifted its position in shares of WNS by 0.3% in the fourth quarter. Russell Investments Group Ltd. now owns 246,905 shares of the business services provider’s stock valued at $15,658,000 after acquiring an additional 762 shares in the last quarter. Institutional investors own 97.36% of the company’s stock.

WNS Trading Up 0.8 %

Shares of WNS stock opened at $60.54 on Wednesday. The company has a market cap of $2.89 billion and a PE ratio of 21.39. The stock’s 50 day simple moving average is $56.33 and its two-hundred day simple moving average is $53.48. WNS has a 1 year low of $39.85 and a 1 year high of $74.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.60.

WNS (NYSE:WNS) last released its earnings results on Thursday, July 18th. The business services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $312.40 million for the quarter, compared to analysts’ expectations of $310.49 million. WNS had a return on equity of 22.05% and a net margin of 10.52%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Research analysts predict that WNS will post 3.69 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WNS shares. Needham & Company LLC boosted their price objective on WNS from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Barrington Research restated an “outperform” rating and issued a $70.00 price objective on shares of WNS in a research report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on WNS from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, WNS has a consensus rating of “Moderate Buy” and a consensus target price of $64.57.

About WNS

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.