The Manufacturers Life Insurance Company Has $20.85 Million Stock Holdings in WNS (Holdings) Limited (NYSE:WNS)

The Manufacturers Life Insurance Company grew its holdings in WNS (Holdings) Limited (NYSE:WNSFree Report) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 329,913 shares of the business services provider’s stock after buying an additional 25,833 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.69% of WNS worth $20,851,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC acquired a new stake in WNS in the fourth quarter worth about $479,000. Kabouter Management LLC increased its position in WNS by 12.2% in the fourth quarter. Kabouter Management LLC now owns 9,322 shares of the business services provider’s stock worth $593,000 after purchasing an additional 1,016 shares during the period. 1492 Capital Management LLC increased its position in WNS by 1.1% in the fourth quarter. 1492 Capital Management LLC now owns 18,556 shares of the business services provider’s stock worth $1,173,000 after purchasing an additional 196 shares during the period. Parallel Advisors LLC increased its position in WNS by 30.4% in the fourth quarter. Parallel Advisors LLC now owns 841 shares of the business services provider’s stock worth $53,000 after purchasing an additional 196 shares during the period. Finally, Artisan Partners Limited Partnership increased its position in WNS by 13.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,920,291 shares of the business services provider’s stock worth $121,362,000 after purchasing an additional 234,139 shares during the period. 97.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WNS. TD Cowen lowered their price objective on WNS from $70.00 to $64.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Needham & Company LLC decreased their target price on WNS from $80.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft lowered WNS from a “buy” rating to a “hold” rating and decreased their target price for the stock from $64.00 to $44.00 in a research report on Friday, April 26th. StockNews.com lowered WNS from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Finally, Citigroup decreased their target price on WNS from $80.00 to $62.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.11.

Check Out Our Latest Stock Report on WNS

WNS Stock Performance

NYSE:WNS opened at $51.24 on Friday. WNS has a fifty-two week low of $39.85 and a fifty-two week high of $76.48. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $48.91 and its 200-day simple moving average is $56.54.

WNS (NYSE:WNSGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.11. WNS had a return on equity of 22.23% and a net margin of 10.59%. The business had revenue of $325.90 million for the quarter, compared to analysts’ expectations of $322.92 million. Research analysts anticipate that WNS will post 3.62 earnings per share for the current fiscal year.

WNS Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for WNS (NYSE:WNS)

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