Janus Henderson Group PLC Cuts Holdings in WNS (Holdings) Limited (NYSE:WNS)

Janus Henderson Group PLC reduced its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 0.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 452,160 shares of the business services provider’s stock after selling 455 shares during the quarter. Janus Henderson Group PLC owned 0.95% of WNS worth $23,833,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Thrivent Financial for Lutherans acquired a new stake in WNS in the third quarter valued at approximately $61,726,000. Allspring Global Investments Holdings LLC lifted its position in shares of WNS by 84.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 591,052 shares of the business services provider’s stock valued at $31,030,000 after buying an additional 270,117 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in WNS by 11.9% in the 2nd 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 acquiring an additional 188,616 shares during the period. Bank of New York Mellon Corp increased its holdings in WNS by 478.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 154,725 shares of the business services provider’s stock worth $8,123,000 after acquiring an additional 127,960 shares in the last quarter. Finally, FMR LLC raised its position in WNS by 2.1% during the third quarter. FMR LLC now owns 4,898,543 shares of the business services provider’s stock worth $258,202,000 after acquiring an additional 99,195 shares during the period. Hedge funds and other institutional investors own 97.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Needham & Company LLC cut their target price on shares of WNS from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Barrington Research reiterated an “outperform” rating and set a $70.00 price objective on shares of WNS in a research note on Friday, October 18th. JPMorgan Chase & Co. raised their target price on WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Deutsche Bank Aktiengesellschaft lowered their price target on WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Finally, TD Cowen downgraded WNS from a “buy” rating to a “hold” rating and reduced their price objective for the company from $64.00 to $53.00 in a research note on Thursday, October 17th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $60.33.

WNS Price Performance

WNS stock opened at $49.65 on Friday. The business has a 50 day simple moving average of $50.12 and a 200-day simple moving average of $53.37. The firm has a market capitalization of $2.37 billion and a PE ratio of 19.10. 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 $72.57.

WNS (NYSE:WNS) last announced its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.21. WNS had a net margin of 9.39% and a return on equity of 22.76%. The firm had revenue of $310.70 million for the quarter, compared to analysts’ expectations of $313.66 million. Equities research analysts anticipate that WNS will post 3.52 earnings per share for the current fiscal year.

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.