WNS (NYSE:WNS) Sees Large Volume Increase – Time to Buy?

WNS (Holdings) Limited (NYSE:WNS) shares saw an uptick in trading volume on Monday . 420,980 shares changed hands during trading, a decline of 13% from the previous session’s volume of 481,645 shares.The stock last traded at $48.79 and had previously closed at $47.21.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WNS. Barrington Research reissued an “outperform” rating and issued a $70.00 price target on shares of WNS in a report on Friday, October 18th. Needham & Company LLC dropped their target price on WNS from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Citigroup set a $55.00 price target on WNS in a research note on Thursday, October 17th. TD Cowen lowered WNS from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $64.00 to $53.00 in a research report on Thursday, October 17th. Finally, 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 report on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, WNS currently has an average rating of “Hold” and an average price target of $60.33.

WNS Stock Performance

The stock has a market cap of $2.30 billion and a P/E ratio of 18.77. The stock has a fifty day simple moving average of $53.52 and a 200-day simple moving average of $52.68. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.23.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in WNS by 228.9% in the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock worth $27,000 after purchasing an additional 364 shares during the period. GAMMA Investing LLC raised its stake in WNS by 64.1% during the 2nd quarter. GAMMA Investing LLC now owns 635 shares of the business services provider’s stock worth $33,000 after buying an additional 248 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in WNS during the first quarter worth about $38,000. Financial Management Professionals Inc. acquired a new position in WNS in the third quarter valued at about $46,000. Finally, Amalgamated Bank bought a new stake in shares of WNS in the second quarter worth about $84,000. 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.