Cubist Systematic Strategies LLC Lowers Stock Holdings in WNS (Holdings) Limited (NYSE:WNS)

Posted by Defense World Staff on Mar 9th, 2023

Cubist Systematic Strategies LLC cut its holdings in shares of WNS (Holdings) Limited (NYSE:WNS – Get Rating) by 55.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,690 shares of the business services provider’s stock after selling 14,757 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in WNS were worth $957,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its holdings in shares of WNS by 13.2% during the 2nd quarter. Renaissance Technologies LLC now owns 910,366 shares of the business services provider’s stock worth $67,950,000 after buying an additional 106,366 shares during the last quarter. Congress Wealth Management LLC DE grew its holdings in shares of WNS by 3.9% during the 3rd quarter. Congress Wealth Management LLC DE now owns 68,222 shares of the business services provider’s stock worth $5,584,000 after purchasing an additional 2,586 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in WNS by 22.5% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,900 shares of the business services provider’s stock worth $366,000 after purchasing an additional 900 shares in the last quarter. DF Dent & Co. Inc. raised its holdings in WNS by 77.1% in the second quarter. DF Dent & Co. Inc. now owns 696,856 shares of the business services provider’s stock valued at $52,013,000 after buying an additional 303,288 shares during the period. Finally, Voya Investment Management LLC lifted its position in WNS by 21.5% during the second quarter. Voya Investment Management LLC now owns 341,985 shares of the business services provider’s stock valued at $25,525,000 after buying an additional 60,509 shares in the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WNS shares. Cowen raised their target price on shares of WNS from $96.00 to $100.00 in a research note on Wednesday, December 7th. JPMorgan Chase & Co. reduced their price objective on WNS from $109.00 to $102.00 in a research note on Thursday, December 15th. Wedbush upped their target price on WNS from $95.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday. Cowen raised their target price on WNS from $96.00 to $100.00 in a report on Wednesday, December 7th. Finally, Robert W. Baird upped their price target on WNS from $88.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, January 20th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $100.00.

WNS Trading Up 1.9 %

NYSE:WNS opened at $92.36 on Thursday. WNS has a one year low of $67.07 and a one year high of $92.59. The business’s 50-day simple moving average is $85.53 and its 200 day simple moving average is $83.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 2.34 and a beta of 1.17.

WNS (NYSE:WNS – Get Rating) last announced its earnings results on Thursday, January 19th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. WNS had a return on equity of 21.54% and a net margin of 11.58%. The company had revenue of $292.90 million for the quarter, compared to analyst estimates of $290.95 million. As a group, sell-side analysts predict that WNS will post 3.05 earnings per share for the current fiscal year.

WNS Company Profile

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WNS (Holdings) Ltd. engages in the provision of business process management solutions. Its services include industry-specific offerings, customer interaction, finance and accounting, human resources, procurement, and research and analytics. It operates through the WNS Global BPM and WNS Auto Claims BPM segments.