WNS (NYSE:WNS) PT Lowered to $64.00

WNS (NYSE:WNS) had its price objective decreased by research analysts at TD Cowen from $70.00 to $64.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. TD Cowen’s price target would suggest a potential upside of 59.32% from the company’s current price.

A number of other research analysts have also recently issued reports on WNS. Citigroup reduced their price objective on shares of WNS from $80.00 to $62.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Needham & Company LLC reduced their price objective on shares of WNS from $80.00 to $60.00 and set a “buy” rating for the company in a report on Thursday. StockNews.com cut shares of WNS from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft cut shares of WNS from a “buy” rating to a “hold” rating and reduced their price objective for the company from $64.00 to $44.00 in a report on Friday. Finally, Barrington Research reiterated an “outperform” rating and set a $72.00 price objective on shares of WNS in a report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.44.

WNS Trading Down 4.4 %

WNS opened at $40.17 on Friday. WNS has a 1-year low of $39.85 and a 1-year high of $91.88. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.92 billion, a P/E ratio of 14.19 and a beta of 1.04. The company has a fifty day moving average price of $52.78 and a two-hundred day moving average price of $58.49.

WNS (NYSE:WNS) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.11. WNS had a net margin of 10.59% and a return on equity of 21.99%. The firm had revenue of $325.90 million during the quarter, compared to the consensus estimate of $322.92 million. Analysts predict that WNS will post 3.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in WNS by 1.7% during the third quarter. FMR LLC now owns 4,121,499 shares of the business services provider’s stock worth $282,158,000 after purchasing an additional 70,820 shares during the last quarter. JPMorgan Chase & Co. raised its position in WNS by 36.5% in the third quarter. JPMorgan Chase & Co. now owns 2,034,729 shares of the business services provider’s stock worth $139,298,000 after acquiring an additional 544,328 shares during the period. Artisan Partners Limited Partnership raised its position in WNS by 13.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,920,291 shares of the business services provider’s stock worth $121,362,000 after acquiring an additional 234,139 shares during the period. Massachusetts Financial Services Co. MA raised its position in WNS by 4.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,551,716 shares of the business services provider’s stock worth $98,068,000 after acquiring an additional 71,004 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its position in WNS by 10.7% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,304,108 shares of the business services provider’s stock worth $89,279,000 after acquiring an additional 125,989 shares during the period. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

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