Barrington Research Reaffirms “Outperform” Rating for WNS (NYSE:WNS)

WNS (NYSE:WNS)‘s stock had its “outperform” rating restated by Barrington Research in a report issued on Friday, The Fly reports. They presently have a $84.00 target price on the business services provider’s stock, up from their prior target price of $75.00. Barrington Research’s price target points to a potential upside of 19.98% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Cantor Fitzgerald boosted their price objective on WNS from $68.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Robert W. Baird boosted their price objective on WNS from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Wells Fargo & Co boosted their price objective on WNS from $72.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Zacks Investment Research restated a “buy” rating and set a $70.00 price objective on shares of WNS in a report on Saturday, October 26th. Finally, ValuEngine cut WNS from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $73.67.

WNS stock traded down $0.74 during midday trading on Friday, reaching $70.01. 16,091 shares of the company’s stock were exchanged, compared to its average volume of 221,991. WNS has a 52 week low of $44.37 and a 52 week high of $72.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 31.12, a P/E/G ratio of 2.25 and a beta of 1.15. The stock’s 50-day simple moving average is $65.07 and its 200 day simple moving average is $62.19.

WNS (NYSE:WNS) last posted its quarterly earnings results on Thursday, January 16th. The business services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.20. WNS had a return on equity of 23.57% and a net margin of 13.47%. The business had revenue of $228.20 million during the quarter, compared to analysts’ expectations of $222.59 million. During the same quarter last year, the company posted $0.73 earnings per share. WNS’s quarterly revenue was up 14.3% on a year-over-year basis. Research analysts forecast that WNS will post 2.43 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WNS. Voya Financial Advisors Inc. raised its position in WNS by 5.4% during the third quarter. Voya Financial Advisors Inc. now owns 4,578 shares of the business services provider’s stock valued at $270,000 after purchasing an additional 233 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of WNS by 20.5% during the second quarter. Bank of America Corp DE now owns 297,458 shares of the business services provider’s stock worth $17,610,000 after buying an additional 50,694 shares in the last quarter. Tygh Capital Management Inc. acquired a new position in shares of WNS during the third quarter worth $6,940,000. Barclays PLC increased its holdings in shares of WNS by 11.6% during the third quarter. Barclays PLC now owns 51,340 shares of the business services provider’s stock worth $3,016,000 after buying an additional 5,345 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of WNS by 32.1% during the third quarter. California Public Employees Retirement System now owns 119,672 shares of the business services provider’s stock worth $7,031,000 after buying an additional 29,059 shares in the last quarter. Institutional investors own 94.64% of the company’s stock.

About WNS

WNS (Holdings) Limited, a business process management company, together with its subsidiaries, provides data, voice, analytical, and business transformation services worldwide. It operates through two segments, WNS Global BPM and WNS Auto Claims BPM. The company offers industry-specific services to clients primarily in insurance; travel and leisure; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; utilities; consulting and professional services; healthcare; banking and financial services; and shipping and logistics industries.

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