WNS (NYSE:WNS) Downgraded to “Hold” at Zacks Investment Research

WNS (NYSE:WNS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “WNS HOLDINGS is a recognized leader in business process outsourcing.Their proposition is simple: They deliver value to their clients by bringing operational excellence and deep industry and functional knowledge to their critical business processes. They serve several industries, including travel, insurance, financial services, healthcare, professional services, manufacturing, distribution and retail. They also provide essential corporate functions, such as finance and accounting, human resources research and analytics. “

WNS has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft raised their price target on WNS from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, July 16th. Needham & Company LLC raised their price target on WNS from $88.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, July 15th. Cowen raised their price target on WNS from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, July 16th. Finally, Barrington Research raised their price objective on WNS from $84.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, July 16th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. WNS presently has an average rating of “Buy” and a consensus target price of $85.30.

WNS opened at $81.28 on Thursday. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 36.78, a P/E/G ratio of 2.37 and a beta of 1.41. WNS has a 52 week low of $57.06 and a 52 week high of $83.57. The firm’s fifty day moving average is $77.50.

WNS (NYSE:WNS) last posted its quarterly earnings data on Wednesday, July 14th. The business services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. The business had revenue of $236.20 million for the quarter, compared to analyst estimates of $229.29 million. WNS had a return on equity of 18.43% and a net margin of 11.95%. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. Research analysts predict that WNS will post 2.6 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in WNS. WCM Investment Management LLC raised its holdings in shares of WNS by 30.2% in the 1st quarter. WCM Investment Management LLC now owns 1,512,319 shares of the business services provider’s stock worth $109,552,000 after purchasing an additional 350,756 shares during the period. Schroder Investment Management Group raised its holdings in shares of WNS by 27.4% during the 1st quarter. Schroder Investment Management Group now owns 1,175,315 shares of the business services provider’s stock valued at $85,140,000 after buying an additional 252,930 shares during the period. Man Group plc raised its holdings in shares of WNS by 85.5% during the 1st quarter. Man Group plc now owns 396,029 shares of the business services provider’s stock valued at $28,688,000 after buying an additional 182,538 shares during the period. Loomis Sayles & Co. L P raised its holdings in shares of WNS by 13.1% during the 1st quarter. Loomis Sayles & Co. L P now owns 895,220 shares of the business services provider’s stock valued at $64,849,000 after buying an additional 103,506 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of WNS by 250.5% during the 1st quarter. BlackRock Inc. now owns 139,241 shares of the business services provider’s stock valued at $10,087,000 after buying an additional 99,514 shares during the period.

About WNS

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

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