WNS (NYSE:WNS) Price Target Raised to $65.00

WNS (NYSE:WNS) had its target price upped by Needham & Company LLC from $60.00 to $65.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Several other analysts also recently weighed in on the company. Citigroup set a $55.00 target price on WNS in a research note on Thursday, October 17th. Jefferies Financial Group lowered their price objective on shares of WNS from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft cut their target price on shares of WNS from $55.00 to $51.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Barrington Research restated an “outperform” rating and issued a $70.00 price target on shares of WNS in a research report on Friday, October 18th. Finally, TD Cowen lowered shares of WNS from a “buy” rating to a “hold” rating and cut their price objective for the company from $64.00 to $53.00 in a research report on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, WNS has a consensus rating of “Moderate Buy” and an average price target of $60.29.

WNS Stock Up 22.9 %

WNS stock opened at $60.84 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. WNS has a 1-year low of $39.85 and a 1-year high of $72.40. The firm’s fifty day simple moving average is $48.45 and its 200-day simple moving average is $52.25. The company has a market capitalization of $2.91 billion, a P/E ratio of 23.40, a P/E/G ratio of 1.99 and a beta of 1.16.

WNS (NYSE:WNS) last posted its earnings results on Thursday, January 23rd. The business services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.15). WNS had a net margin of 9.39% and a return on equity of 22.76%. Sell-side analysts forecast that WNS will post 3.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its stake in shares of WNS by 728.1% in the 3rd quarter. Jane Street Group LLC now owns 52,974 shares of the business services provider’s stock valued at $2,792,000 after purchasing an additional 46,577 shares during the period. State Street Corp grew its position in WNS by 40.5% in the third quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock valued at $39,182,000 after acquiring an additional 214,417 shares during the period. TimesSquare Capital Management LLC raised its stake in WNS by 17.1% during the third quarter. TimesSquare Capital Management LLC now owns 377,825 shares of the business services provider’s stock worth $19,915,000 after acquiring an additional 55,306 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of WNS by 90.0% during the third quarter. Citigroup Inc. now owns 67,333 shares of the business services provider’s stock valued at $3,549,000 after acquiring an additional 31,886 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in shares of WNS by 117.3% in the 3rd quarter. MetLife Investment Management LLC now owns 25,388 shares of the business services provider’s stock valued at $1,338,000 after purchasing an additional 13,702 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

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.