JPMorgan Chase & Co. Raises WNS (NYSE:WNS) Price Target to $60.00

WNS (NYSE:WNS) had its price objective lifted by JPMorgan Chase & Co. from $55.00 to $60.00 in a report published on Wednesday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the business services provider’s stock.

A number of other analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft cut WNS from a buy rating to a hold rating and dropped their price objective for the stock from $64.00 to $44.00 in a research report on Friday, April 26th. Citigroup dropped their price objective on WNS from $80.00 to $62.00 and set a buy rating for the company in a research report on Monday, April 22nd. Needham & Company LLC dropped their price objective on WNS from $80.00 to $60.00 and set a buy rating for the company in a research report on Thursday, April 25th. StockNews.com lowered WNS from a buy rating to a hold rating in a research note on Tuesday, April 2nd. Finally, Barrington Research reissued an outperform rating and issued a $60.00 price target on shares of WNS in a research note on Tuesday, July 9th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $70.33.

WNS Trading Down 4.4 %

Shares of WNS stock opened at $55.38 on Wednesday. WNS has a fifty-two week low of $39.85 and a fifty-two week high of $75.12. The stock has a market cap of $2.65 billion and a P/E ratio of 19.57. The business has a fifty day simple moving average of $52.58 and a 200-day simple moving average of $54.91. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.13.

WNS (NYSE:WNS) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $312.40 million during the quarter, compared to analysts’ expectations of $310.49 million. WNS had a return on equity of 22.23% and a net margin of 10.59%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. On average, analysts forecast that WNS will post 3.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WNS

Several hedge funds and other institutional investors have recently modified their holdings of the company. Artisan Partners Limited Partnership lifted its stake in shares of WNS by 13.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,920,291 shares of the business services provider’s stock valued at $121,362,000 after purchasing an additional 234,139 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of WNS by 0.7% in the 1st quarter. Acadian Asset Management LLC now owns 1,768,209 shares of the business services provider’s stock valued at $89,317,000 after purchasing an additional 11,933 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of WNS by 4.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,551,716 shares of the business services provider’s stock valued at $98,068,000 after purchasing an additional 71,004 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in shares of WNS by 12.2% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,170,420 shares of the business services provider’s stock valued at $59,141,000 after purchasing an additional 127,605 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its stake in shares of WNS by 21.6% in the 1st quarter. Rice Hall James & Associates LLC now owns 885,809 shares of the business services provider’s stock valued at $44,760,000 after purchasing an additional 157,336 shares in the last quarter. 97.36% of the stock is owned by institutional investors and hedge funds.

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 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.