Thrivent Financial for Lutherans Boosts Stake in WNS (Holdings) Limited (NYSE:WNS)

Thrivent Financial for Lutherans raised its position in WNS (Holdings) Limited (NYSE:WNS) by 26.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,483,569 shares of the business services provider’s stock after purchasing an additional 312,519 shares during the quarter. Thrivent Financial for Lutherans owned 3.10% of WNS worth $70,307,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WNS. Pathstone Holdings LLC raised its position in WNS by 20.9% in the 3rd quarter. Pathstone Holdings LLC now owns 37,234 shares of the business services provider’s stock worth $1,963,000 after purchasing an additional 6,433 shares during the period. Aurora Investment Counsel raised its position in WNS by 1.8% in the 3rd quarter. Aurora Investment Counsel now owns 35,137 shares of the business services provider’s stock worth $1,852,000 after purchasing an additional 618 shares during the period. Intech Investment Management LLC purchased a new stake in WNS in the 3rd quarter worth about $471,000. Citigroup Inc. raised its position in WNS by 90.0% in the 3rd quarter. Citigroup Inc. now owns 67,333 shares of the business services provider’s stock worth $3,549,000 after purchasing an additional 31,886 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of WNS during the third quarter worth approximately $1,644,000. 97.36% of the stock is owned by hedge funds and other institutional investors.

WNS Price Performance

NYSE WNS opened at $63.53 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.81 and a current ratio of 1.81. The firm’s 50 day moving average price is $56.34 and its 200-day moving average price is $52.63. WNS has a 52-week low of $39.85 and a 52-week high of $65.03. The company has a market cap of $2.94 billion, a PE ratio of 22.21, a P/E/G ratio of 2.10 and a beta of 1.22.

WNS (NYSE:WNS) last released its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.15). WNS had a net margin of 10.03% and a return on equity of 22.25%. Sell-side analysts forecast that WNS will post 3.8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Needham & Company LLC raised their target price on shares of WNS from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Jefferies Financial Group reduced their target price on shares of WNS from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. StockNews.com raised shares of WNS from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. Finally, Robert W. Baird raised their target price on shares of WNS from $58.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $61.63.

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.