Corebridge Financial Inc. Has $1.01 Million Stake in WNS (Holdings) Limited (NYSE:WNS)

Corebridge Financial Inc. reduced its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,356 shares of the business services provider’s stock after selling 2,853 shares during the period. Corebridge Financial Inc.’s holdings in WNS were worth $1,012,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans lifted its position in WNS by 26.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,483,569 shares of the business services provider’s stock worth $70,307,000 after buying an additional 312,519 shares in the last quarter. State Street Corp raised its holdings in WNS by 40.5% during the third quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock worth $39,182,000 after acquiring an additional 214,417 shares in the last quarter. Principal Financial Group Inc. boosted its position in WNS by 3,523.4% during the fourth quarter. Principal Financial Group Inc. now owns 152,326 shares of the business services provider’s stock valued at $7,219,000 after purchasing an additional 148,122 shares during the last quarter. Vanguard Group Inc. grew its stake in WNS by 27.1% in the fourth quarter. Vanguard Group Inc. now owns 415,556 shares of the business services provider’s stock valued at $19,693,000 after purchasing an additional 88,698 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of WNS by 15,848.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 85,645 shares of the business services provider’s stock worth $4,059,000 after purchasing an additional 85,108 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors.

WNS Price Performance

Shares of NYSE WNS opened at $62.42 on Friday. The firm has a market cap of $2.89 billion, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 2.10 and a beta of 1.22. The business’s 50 day moving average is $60.41 and its 200-day moving average is $53.32. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.19. WNS has a 1-year low of $39.85 and a 1-year high of $70.31.

WNS (NYSE:WNS) last posted its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.15). WNS had a return on equity of 22.25% and a net margin of 10.03%. Equities research analysts predict that WNS will post 3.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Needham & Company LLC increased their price objective on WNS from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Robert W. Baird lifted their price objective on shares of WNS from $58.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Jefferies Financial Group dropped their target price on shares of WNS from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. StockNews.com upgraded WNS from a “hold” rating to a “buy” rating in a report on Friday, January 24th. Finally, Barrington Research upped their price objective on WNS from $63.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, March 26th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.25.

About WNS

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.