WNS (NYSE:WNS) Shares Gap Down – Here’s Why

WNS (Holdings) Limited (NYSE:WNS) gapped down prior to trading on Thursday . The stock had previously closed at $49.69, but opened at $45.26. WNS shares last traded at $43.95, with a volume of 86,888 shares traded.

Wall Street Analysts Forecast Growth

WNS has been the topic of several analyst reports. TD Cowen lowered WNS from a “buy” rating to a “hold” rating and dropped their target price for the stock from $64.00 to $53.00 in a research report on Thursday. Barrington Research reaffirmed an “outperform” rating and issued a $70.00 target price on shares of WNS in a research report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on WNS from $55.00 to $51.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Needham & Company LLC increased their price target on WNS from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, JPMorgan Chase & Co. increased their price target on WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, WNS has an average rating of “Hold” and a consensus price target of $63.00.

WNS Price Performance

The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.12 billion and a P/E ratio of 15.36. The company has a 50 day moving average of $55.12 and a two-hundred day moving average of $52.80.

WNS (NYSE:WNS) last issued its quarterly earnings results on Thursday, July 18th. The business services provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $312.40 million for the quarter, compared to analysts’ expectations of $310.49 million. WNS had a return on equity of 22.05% and a net margin of 10.52%. WNS’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. Sell-side analysts expect that WNS will post 3.71 EPS for the current year.

Hedge Funds Weigh In On WNS

A number of institutional investors have recently bought and sold shares of WNS. Virtu Financial LLC purchased a new position in WNS in the 4th quarter worth about $235,000. Wellington Management Group LLP boosted its position in WNS by 4.0% during the 4th quarter. Wellington Management Group LLP now owns 747,724 shares of the business services provider’s stock worth $47,256,000 after acquiring an additional 28,833 shares during the period. Congress Asset Management Co. MA boosted its position in WNS by 19.5% during the 1st quarter. Congress Asset Management Co. MA now owns 616,324 shares of the business services provider’s stock worth $31,143,000 after acquiring an additional 100,563 shares during the period. Harbor Investment Advisory LLC boosted its position in WNS by 32.0% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,517 shares of the business services provider’s stock worth $77,000 after acquiring an additional 368 shares during the period. Finally, Congress Wealth Management LLC DE boosted its position in WNS by 39.3% during the 1st quarter. Congress Wealth Management LLC DE now owns 105,935 shares of the business services provider’s stock worth $5,091,000 after acquiring an additional 29,911 shares during the period. Hedge funds and other institutional investors own 97.36% of the company’s stock.

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 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.