WNS (Holdings) Limited (NYSE:WNS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

WNS (Holdings) Limited (NYSE:WNS) has been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $60.33.

A number of equities research analysts have issued reports on WNS shares. Barrington Research reissued an “outperform” rating and issued a $70.00 price target on shares of WNS in a report on Friday, October 18th. TD Cowen lowered shares of WNS from a “buy” rating to a “hold” rating and cut their target price for the company from $64.00 to $53.00 in a research note on Thursday, October 17th. Needham & Company LLC reduced their price target on shares of WNS from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. JPMorgan Chase & Co. lifted their price objective on WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Finally, Citigroup set a $55.00 target price on WNS in a research report on Thursday, October 17th.

WNS Stock Performance

Shares of WNS opened at $54.90 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $51.46 and a 200-day moving average price of $52.79. The company has a market cap of $2.62 billion and a PE ratio of 21.12. WNS has a 12-month low of $39.85 and a 12-month high of $72.57.

WNS (NYSE:WNS) last announced its quarterly earnings data on Thursday, October 17th. The business services provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.21. WNS had a return on equity of 22.76% and a net margin of 9.39%. The company had revenue of $310.70 million for the quarter, compared to analysts’ expectations of $313.66 million. As a group, equities analysts forecast that WNS will post 3.52 earnings per share for the current fiscal year.

Institutional Trading of WNS

A number of hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of WNS by 228.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 364 shares during the period. GAMMA Investing LLC increased its position in WNS by 64.1% in the second quarter. GAMMA Investing LLC now owns 635 shares of the business services provider’s stock worth $33,000 after buying an additional 248 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of WNS in the first quarter worth about $38,000. Financial Management Professionals Inc. purchased a new position in shares of WNS during the 3rd quarter valued at about $46,000. Finally, Amalgamated Bank bought a new position in shares of WNS during the 2nd quarter valued at approximately $84,000. 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.