WNS (NYSE:WNS) Shares Gap Down to $57.14

Shares of WNS (Holdings) Limited (NYSE:WNS) gapped down prior to trading on Wednesday . The stock had previously closed at $57.14, but opened at $55.70. WNS shares last traded at $55.70, with a volume of 2,153 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WNS. JPMorgan Chase & Co. upped their price objective on WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Barrington Research restated an “outperform” rating and set a $70.00 price objective on shares of WNS in a report on Thursday, August 22nd. Finally, Needham & Company LLC boosted their target price on shares of WNS from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.43.

WNS Trading Down 1.3 %

The firm’s 50-day moving average price is $57.69 and its 200-day moving average price is $53.28. The company has a market cap of $2.63 billion and a P/E ratio of 19.68. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.23.

WNS (NYSE:WNS) last posted its earnings results on Thursday, July 18th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. The firm had revenue of $312.40 million for the quarter, compared to the consensus estimate of $310.49 million. WNS had a return on equity of 22.05% and a net margin of 10.52%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 earnings per share. As a group, equities research analysts expect that WNS will post 3.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WNS

Several hedge funds have recently bought and sold shares of the company. Artisan Partners Limited Partnership boosted its holdings in WNS by 13.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,920,291 shares of the business services provider’s stock valued at $121,362,000 after purchasing an additional 234,139 shares during the period. Diamond Hill Capital Management Inc. grew its position in WNS by 11.9% during the second quarter. Diamond Hill Capital Management Inc. now owns 1,777,557 shares of the business services provider’s stock worth $93,322,000 after buying an additional 188,616 shares in the last quarter. Acadian Asset Management LLC grew its position in WNS by 0.7% during the first quarter. Acadian Asset Management LLC now owns 1,768,209 shares of the business services provider’s stock worth $89,317,000 after buying an additional 11,933 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in WNS by 12.2% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,170,420 shares of the business services provider’s stock worth $59,141,000 after acquiring an additional 127,605 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of WNS by 4.1% in the 4th quarter. Schroder Investment Management Group now owns 868,354 shares of the business services provider’s stock valued at $54,880,000 after acquiring an additional 33,849 shares in the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

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.