WNS (NYSE:WNS) Shares Gap Up – Time to Buy?

WNS (Holdings) Limited (NYSE:WNS) gapped up prior to trading on Thursday . The stock had previously closed at $49.50, but opened at $51.94. WNS shares last traded at $54.90, with a volume of 63,783 shares.

Analysts Set New Price Targets

WNS has been the topic of several recent research reports. Needham & Company LLC lowered their price target on shares of WNS from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Citigroup set a $55.00 price objective on shares of WNS in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of WNS from $55.00 to $51.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Barrington Research restated an “outperform” rating and issued a $70.00 target price on shares of WNS in a research report on Friday, October 18th. Finally, Jefferies Financial Group lowered their price target on shares of WNS from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, WNS has an average rating of “Moderate Buy” and a consensus target price of $59.57.

WNS Price Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 1.99 and a beta of 1.16. The company has a 50-day moving average of $48.45 and a 200-day moving average of $52.25.

WNS (NYSE:WNS) last announced its quarterly earnings results on Thursday, January 23rd. The business services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.15). WNS had a net margin of 9.39% and a return on equity of 22.76%. As a group, equities research analysts expect that WNS will post 3.51 earnings per share for the current fiscal year.

Institutional Trading of WNS

Large investors have recently modified their holdings of the business. BKM Wealth Management LLC raised its stake in WNS by 2.8% during the third quarter. BKM Wealth Management LLC now owns 10,972 shares of the business services provider’s stock valued at $578,000 after buying an additional 298 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of WNS by 228.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock worth $27,000 after buying an additional 364 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in shares of WNS by 4.2% in the 3rd quarter. Verdence Capital Advisors LLC now owns 10,022 shares of the business services provider’s stock worth $528,000 after buying an additional 407 shares during the last quarter. Aurora Investment Counsel lifted its position in shares of WNS by 1.8% in the 3rd quarter. Aurora Investment Counsel now owns 35,137 shares of the business services provider’s stock worth $1,852,000 after buying an additional 618 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC lifted its position in shares of WNS by 18.1% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,261 shares of the business services provider’s stock worth $249,000 after buying an additional 805 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.

About WNS

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.