WNS (NYSE:WNS) Trading Up 6.2%

WNS (Holdings) Limited (NYSE:WNS)’s share price rose 6.2% during trading on Monday . The company traded as high as $48.06 and last traded at $47.97. Approximately 193,754 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 412,794 shares. The stock had previously closed at $45.16.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WNS. TD Cowen lowered their price target on shares of WNS from $70.00 to $64.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Citigroup reduced their price target on WNS from $80.00 to $62.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft downgraded WNS from a “buy” rating to a “hold” rating and reduced their price target for the stock from $64.00 to $44.00 in a research report on Friday, April 26th. Needham & Company LLC reduced their price target on WNS from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $72.00 price target on shares of WNS in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $72.44.

WNS Stock Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.71 and a quick ratio of 1.82. The company has a market capitalization of $2.38 billion and a PE ratio of 17.58. The firm’s fifty day simple moving average is $50.54 and its 200 day simple moving average is $57.38.

WNS (NYSE:WNS) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.85 by $0.11. WNS had a net margin of 10.59% and a return on equity of 22.23%. The company had revenue of $325.90 million for the quarter, compared to analyst estimates of $322.92 million. On average, research analysts predict that WNS will post 3.62 EPS for the current year.

Institutional Investors Weigh In On WNS

Hedge funds have recently modified their holdings of the company. Westfield Capital Management Co. LP boosted its stake in shares of WNS by 86.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 741,793 shares of the business services provider’s stock worth $50,783,000 after acquiring an additional 342,922 shares in the last quarter. WCM Investment Management LLC boosted its stake in shares of WNS by 8.0% during the 4th quarter. WCM Investment Management LLC now owns 689,604 shares of the business services provider’s stock worth $43,831,000 after acquiring an additional 50,944 shares in the last quarter. Old Well Partners LLC lifted its stake in WNS by 19.7% in the 3rd quarter. Old Well Partners LLC now owns 78,273 shares of the business services provider’s stock valued at $5,359,000 after buying an additional 12,900 shares in the last quarter. American Century Companies Inc. lifted its stake in WNS by 103.5% in the 3rd quarter. American Century Companies Inc. now owns 422,297 shares of the business services provider’s stock valued at $28,910,000 after buying an additional 214,773 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in WNS by 36.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,034,729 shares of the business services provider’s stock valued at $139,298,000 after buying an additional 544,328 shares in the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.

WNS Company 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.