Bank of Montreal Can boosted its stake in shares of WNS (Holdings) Limited (NYSE:WNS) by 4.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 94,180 shares of the business services provider’s stock after buying an additional 4,206 shares during the quarter. Bank of Montreal Can’s holdings in WNS were worth $4,780,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WNS. NumerixS Investment Technologies Inc purchased a new position in WNS during the second quarter valued at $104,000. Advisors Asset Management Inc. lifted its position in WNS by 1,007.8% during the second quarter. Advisors Asset Management Inc. now owns 14,933 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 13,585 shares in the last quarter. Iberiabank Corp purchased a new position in WNS during the third quarter valued at $211,000. Confluence Investment Management LLC purchased a new position in WNS during the second quarter valued at $213,000. Finally, Optimum Investment Advisors lifted its position in WNS by 36.8% during the third quarter. Optimum Investment Advisors now owns 4,650 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 1,250 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.
Several equities analysts recently weighed in on WNS shares. Citigroup lifted their target price on WNS from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, July 20th. Loop Capital lifted their target price on WNS to $60.00 and gave the company a “buy” rating in a research report on Friday, July 20th. Barrington Research set a $57.00 target price on WNS and gave the company a “buy” rating in a research report on Tuesday, July 17th. Zacks Investment Research upgraded WNS from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Sunday, July 15th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $56.00 target price on shares of WNS in a research report on Thursday, October 25th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $55.56.
Shares of WNS stock opened at $49.95 on Friday. WNS has a 52 week low of $38.51 and a 52 week high of $54.38. The stock has a market capitalization of $2.44 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 1.90 and a beta of 0.73. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11.
WNS Company Profile
WNS (Holdings) Limited, a business process management company, together with its subsidiaries, provides data, voice, analytical, and business transformation services worldwide. It operates through two segments, WNS Global BPM and WNS Auto Claims BPM. The company offers industry-specific services to clients primarily in insurance; travel and leisure; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; utilities; consulting and professional services; healthcare; banking and financial services; and shipping and logistics industries.
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