WNS’s (WNS) Outperform Rating Reaffirmed at Barrington Research

Barrington Research reiterated their outperform rating on shares of WNS (NYSE:WNS) in a report published on Friday morning, Benzinga reports. They currently have a $70.00 target price on the business services provider’s stock.

A number of other brokerages also recently weighed in on WNS. TD Cowen downgraded WNS from a “buy” rating to a “hold” rating and lowered their target price for the stock from $64.00 to $53.00 in a report on Thursday. Citigroup lowered their price objective on shares of WNS from $67.00 to $61.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft cut their target price on shares of WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Needham & Company LLC decreased their price target on shares of WNS from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. increased their price objective on shares of WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.33.

WNS Price Performance

WNS stock opened at $46.37 on Friday. The firm has a market cap of $2.22 billion and a P/E ratio of 16.33. The stock’s 50 day moving average is $54.66 and its 200 day moving average is $52.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.60. WNS has a one year low of $39.85 and a one year high of $72.57.

WNS (NYSE:WNS) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $312.40 million for the quarter, compared to analyst estimates of $310.49 million. WNS had a net margin of 10.52% and a return on equity of 22.05%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS. As a group, research analysts expect that WNS will post 3.71 EPS for the current year.

Institutional Investors Weigh In On WNS

Several hedge funds and other institutional investors have recently made changes to their positions in WNS. Allspring Global Investments Holdings LLC lifted its position in WNS by 84.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 591,052 shares of the business services provider’s stock valued at $31,030,000 after acquiring an additional 270,117 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of 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 valued at $93,322,000 after buying an additional 188,616 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in WNS by 478.1% during the second quarter. Bank of New York Mellon Corp now owns 154,725 shares of the business services provider’s stock worth $8,123,000 after buying an additional 127,960 shares in the last quarter. Westfield Capital Management Co. LP raised its position 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 valued at $59,141,000 after buying an additional 127,605 shares during the last quarter. Finally, Congress Asset Management Co. MA lifted its stake 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 valued at $31,143,000 after acquiring an additional 100,563 shares in the last quarter. 97.36% of the stock is owned by institutional investors.

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.