Acadian Asset Management LLC recently announced the acquisition of new stake in WNS (Holdings) Limited (NYSE:WNS). The institutional investor has increased its shareholding in the Industrials company by 29.12% to 1.36 million shares with purchase of 0.31 million shares. This fresh investment now brings its stake to 2.82% valued currently at $108.57 million. In addition, Artisan Partners LP raised its holdings by 3817.0 to 1.29 million shares. And Allspring Global Investments LLC has lifted its position by 13.35% or 0.15 million shares – to 1.29 million shares.
With over 0.14 million WNS (Holdings) Limited (WNS) shares trading Friday and a closing price of $82.50 on the day, the dollar volume was approximately $11.83 million. The shares have shown a positive half year performance of 0.39% and its price on 01/20/23 lost nearly -1.04%. Currently, there are 48.19M common shares owned by the public and among those 25.22M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for WNS have a consensus price objective of $99.11. The analysts have set the share’s price value over the next 12 months at a high of $110.00 and a low of $90.00. The average price target is 14.8% above its recent price level and an upside to the estimated low will see the stock gain 8.33% over that period. But an upside of 25.0% will see the stock hit the forecast high price target while median target price for the stock is $98.00.
The top 3 mutual fund holders in WNS (Holdings) Limited are Fidelity Mid Cap Stock Fund, Delaware Ivy Science and Technolo, and Delaware Small Cap Core Fund. Fidelity Mid Cap Stock Fund owns 1.27 million shares of the company’s stock, all valued at over $101.53 million. The company bought an additional 48267.0 shares recently to bring their total holdings to about 2.64% of the shares outstanding. Delaware Ivy Science and Technolo sold -0.98 million shares to see its total holdings shrink to 1.25 million shares valued at over $100.09 million and representing 2.60% of the shares outstanding. Delaware Small Cap Core Fund sold 23464.0 shares to bring its total holdings to over 0.9 million shares at a value of $72.01 million. Delaware Small Cap Core Fund now owns shares totaling to 1.87% of the shares outstanding.
Shares of WNS (Holdings) Limited (NYSE: WNS) opened at $83.89, up $0.52 from a prior closing price of $83.37. However, the script later moved the day high at 84.14, down -1.04%. The company’s stock has a 5-day price change of -3.33% and -0.69% over the past three months. WNS shares are trading 3.14% year to date (YTD), with the 12-month market performance down to -5.41% lower. It has a 12-month low price of $67.07 and touched a high of $89.65 over the same period. WNS has an average intraday trading volume of 153.10K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.47%, 0.37%, and 2.13% respectively.
Institutional ownership of WNS (Holdings) Limited (NYSE: WNS) 48.19M shares outstanding. Mutual fund holders own 41.50%, while other institutional holders and individual stakeholders account for 45.00% and — respectively.
It has a market capitalization of $4.00B and a beta (3y monthly) value of 1.17. The stock’s trailing 12-month PE ratio is 30.63, while the earnings-per-share (ttm) stands at $2.69. The company has a PEG of 2.54 and the debt-to-equity ratio at 0.49. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.40% over the week and 2.53% over the month.
Analysts forecast that WNS (Holdings) Limited (WNS) will achieve an EPS of $0.95 for the current quarter, $0.98 for the next quarter and $4.19 for 2024. The lowest estimate earnings-per-share for the quarter is $0.8 while analysts give the company a high EPS estimate of $0.99. Comparatively, EPS for the current quarter was $0.88 a year ago. Earnings per share for the fiscal year are expected to increase by 30.90%, and 10.20% over the next financial year. EPS should shrink at an annualized rate of 12.07% over the next five years, compared to 29.30% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate WNS (Holdings) Limited (WNS) as a “Strong Buy” at a consensus score of 1.70. Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 2 of the 11 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the WNS, a number of firms have released research notes about the stock. Robert W. Baird stated their Neutral rating for the stock in a research note on February 26, 2021, with the firm’s price target at $82. Barrington Research coverage for the WNS (Holdings) Limited (WNS) stock in a research note released on July 17, 2020 offered a Outperform rating with a price target of $71. Needham was of a view on April 23, 2020 that the stock is Buy, while Wells Fargo gave the stock Equal Weight rating on April 17, 2020, issuing a price target of $79- $46. Robert W. Baird on their part issued Outperform rating on April 09, 2020.
