Jefferies Financial Group Cuts WNS (NYSE:WNS) Price Target to $55.00

WNS (NYSE:WNS) had its price objective cut by Jefferies Financial Group from $60.00 to $55.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Other analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of 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 dropped their target price on shares of WNS from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Barrington Research reiterated an “outperform” rating and set a $70.00 target price on shares of WNS in a report on Friday, October 18th. Citigroup set a $55.00 target price on shares of WNS in a report on Thursday, October 17th. Finally, TD Cowen cut shares of 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 report on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, WNS presently has an average rating of “Moderate Buy” and a consensus price target of $60.29.

WNS Trading Up 22.9 %

WNS stock opened at $60.84 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. WNS has a twelve month low of $39.85 and a twelve month high of $72.40. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16. The firm’s fifty day simple moving average is $48.45 and its two-hundred day simple moving average is $52.25.

WNS (NYSE:WNS) last posted its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.15). WNS had a net margin of 9.39% and a return on equity of 22.76%. As a group, analysts anticipate that WNS will post 3.51 earnings per share for the current year.

Institutional Investors Weigh In On WNS

Several institutional investors and hedge funds have recently added to or reduced their stakes in WNS. EverSource Wealth Advisors LLC boosted its stake in WNS by 228.9% during the 2nd 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 last quarter. Financial Management Professionals Inc. acquired a new stake in WNS during the 3rd quarter worth $46,000. Amalgamated Bank acquired a new stake in WNS during the 2nd quarter worth $84,000. GAMMA Investing LLC boosted its position in shares of WNS by 237.2% during the 3rd quarter. GAMMA Investing LLC now owns 2,141 shares of the business services provider’s stock valued at $113,000 after acquiring an additional 1,506 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of WNS by 1,151.2% during the 3rd quarter. Blue Trust Inc. now owns 2,665 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 2,452 shares during the last quarter. Institutional investors and hedge funds 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.