Oppenheimer Asset Management Inc. Has $430,000 Position in WNS (Holdings) Limited (NYSE:WNS)

Oppenheimer Asset Management Inc. lessened its holdings in shares of WNS (Holdings) Limited (NYSE:WNS) by 23.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 8,158 shares of the business services provider’s stock after selling 2,505 shares during the period. Oppenheimer Asset Management Inc.’s holdings in WNS were worth $430,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of WNS by 228.9% during the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock worth $27,000 after buying an additional 364 shares during the last quarter. GAMMA Investing LLC boosted its holdings in WNS by 64.1% in the 2nd quarter. GAMMA Investing LLC now owns 635 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 248 shares during the period. Financial Management Professionals Inc. acquired a new stake in WNS in the 3rd quarter worth $46,000. Amalgamated Bank bought a new position in shares of WNS during the 2nd quarter worth about $84,000. Finally, Blue Trust Inc. raised its position in shares of WNS by 1,151.2% during the third quarter. Blue Trust Inc. now owns 2,665 shares of the business services provider’s stock valued at $140,000 after buying an additional 2,452 shares during the last quarter. Institutional investors own 97.36% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on WNS. Barrington Research reissued an “outperform” rating and set a $70.00 target price on shares of WNS in a research report on Friday, October 18th. Citigroup set a $55.00 price objective on WNS in a research report on Thursday, October 17th. JPMorgan Chase & Co. raised their target price on WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. TD Cowen lowered shares of WNS from a “buy” rating to a “hold” rating and lowered their price target for the company from $64.00 to $53.00 in a report on Thursday, October 17th. 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 report on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $60.33.

WNS Stock Performance

WNS stock opened at $49.96 on Wednesday. WNS has a 52-week low of $39.85 and a 52-week high of $72.57. 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 fifty day moving average price of $50.90 and a two-hundred day moving average price of $53.21. The firm has a market capitalization of $2.39 billion and a P/E ratio of 19.22.

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