abrdn plc Decreases Stake in WNS (Holdings) Limited (NYSE:WNS)

abrdn plc reduced its position in WNS (Holdings) Limited (NYSE:WNS) by 10.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 427,015 shares of the business services provider’s stock after selling 47,887 shares during the period. abrdn plc owned approximately 0.91% of WNS worth $26,987,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DGS Capital Management LLC lifted its position in shares of WNS by 6.3% during the fourth quarter. DGS Capital Management LLC now owns 3,405 shares of the business services provider’s stock worth $215,000 after purchasing an additional 203 shares during the last quarter. WCM Investment Management LLC lifted its position in shares of WNS by 8.0% during the fourth quarter. WCM Investment Management LLC now owns 689,604 shares of the business services provider’s stock worth $43,831,000 after purchasing an additional 50,944 shares during the last quarter. Osborne Partners Capital Management LLC lifted its position in shares of WNS by 1.0% during the fourth quarter. Osborne Partners Capital Management LLC now owns 74,968 shares of the business services provider’s stock worth $4,738,000 after purchasing an additional 745 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in shares of WNS by 10.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 380,233 shares of the business services provider’s stock worth $24,031,000 after purchasing an additional 35,570 shares during the last quarter. Finally, Raymond James & Associates lifted its position in shares of WNS by 6.7% during the fourth quarter. Raymond James & Associates now owns 11,883 shares of the business services provider’s stock worth $751,000 after purchasing an additional 745 shares during the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Barrington Research reissued an “outperform” rating and issued a $72.00 target price on shares of WNS in a report on Monday, April 15th. StockNews.com cut shares of WNS from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Needham & Company LLC reissued a “buy” rating and issued a $80.00 target price on shares of WNS in a report on Friday, March 1st. Finally, Citigroup cut their target price on shares of WNS from $80.00 to $62.00 and set a “buy” rating on the stock in a report on Monday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, WNS presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.13.

WNS Stock Performance

Shares of NYSE:WNS opened at $48.70 on Wednesday. The firm’s 50 day moving average is $53.75 and its two-hundred day moving average is $58.97. WNS has a 52 week low of $45.09 and a 52 week high of $91.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.82 and a current ratio of 1.82.

WNS Profile

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through two segments, WNS Global BPM and WNS Auto Claims BPM. It offers industry-specific services to clients primarily in insurance; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure; healthcare; utilities; shipping and logistics; Hi-tech and professional services; and banking and financial services.