Jefferies Financial Group Begins Coverage on WNS (NYSE:WNS)

Stock analysts at Jefferies Financial Group assumed coverage on shares of WNS (NYSE:WNS) in a report released on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $82.00 price target on the business services provider’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 25.19% from the stock’s current price.

Several other equities analysts also recently commented on WNS. Barrington Research lowered their price objective on WNS from $108.00 to $88.00 and set an “outperform” rating on the stock in a research report on Friday, July 21st. TheStreet lowered WNS from a “b-” rating to a “c+” rating in a research note on Tuesday, August 15th. Robert W. Baird raised WNS from a “neutral” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Friday, July 21st. Needham & Company LLC reiterated a “buy” rating and set a $115.00 target price on shares of WNS in a research report on Monday. Finally, Citigroup reduced their price target on shares of WNS from $104.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.50.

WNS Stock Up 0.9 %

WNS stock opened at $65.50 on Tuesday. The business’s 50-day moving average price is $66.86 and its 200-day moving average price is $76.61. The stock has a market cap of $3.10 billion, a P/E ratio of 24.53, a PEG ratio of 1.45 and a beta of 1.15. WNS has a twelve month low of $60.79 and a twelve month high of $94.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.17.

WNS (NYSE:WNS) last posted its quarterly earnings results on Thursday, July 20th. The business services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. WNS had a net margin of 10.71% and a return on equity of 21.61%. The business had revenue of $317.50 million during the quarter, compared to analyst estimates of $304.58 million. During the same period in the prior year, the business posted $0.70 earnings per share. The company’s revenue was up 15.5% on a year-over-year basis. On average, equities research analysts forecast that WNS will post 3.45 EPS for the current year.

Hedge Funds Weigh In On WNS

Several hedge funds have recently added to or reduced their stakes in WNS. 1832 Asset Management L.P. purchased a new position in shares of WNS during the fourth quarter valued at approximately $40,000. Parallel Advisors LLC grew its position in WNS by 46.2% in the 1st quarter. Parallel Advisors LLC now owns 522 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 165 shares during the last quarter. Pathstone Family Office LLC purchased a new stake in WNS in the fourth quarter worth $261,000. SRS Capital Advisors Inc. bought a new stake in shares of WNS during the first quarter worth $53,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of WNS by 83.9% during the first quarter. Tower Research Capital LLC TRC now owns 741 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 338 shares during the period. 99.49% of the stock is currently owned by institutional investors.

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 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 telecommunication; travel and leisure; healthcare; utilities; shipping and logistics; Hi-tech and professional services; and banking and financial services.