WNS (NYSE:WNS) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of WNS (NYSE:WNS) from a hold rating to a buy rating in a research report report published on Friday.

Several other analysts have also recently weighed in on the company. Barrington Research reissued an “outperform” rating and set a $70.00 price target on shares of WNS in a report on Friday, October 18th. Needham & Company LLC upped their price objective on shares of WNS from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird increased their price target on shares of WNS from $58.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft cut their target price on WNS from $55.00 to $51.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group decreased their price target on WNS from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.00.

WNS Trading Up 2.5 %

WNS stock opened at $62.22 on Friday. WNS has a one year low of $39.85 and a one year high of $72.40. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 2.00 and a beta of 1.16. The company has a fifty day moving average price of $48.65 and a two-hundred day moving average price of $52.31. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

WNS (NYSE:WNS) last announced its quarterly earnings results on Thursday, January 23rd. The business services provider reported $0.89 EPS 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%. Equities analysts anticipate that WNS will post 3.52 EPS for the current year.

Institutional Investors Weigh In On WNS

Several hedge funds have recently modified their holdings of the company. Amalgamated Bank acquired a new stake in shares of WNS during the second quarter valued at about $84,000. EverSource Wealth Advisors LLC boosted its position in WNS by 228.9% during 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 period. Bank of Montreal Can bought a new stake in WNS during the 2nd quarter worth approximately $922,000. Employees Retirement System of Texas increased its position in WNS by 33.7% in the 2nd quarter. Employees Retirement System of Texas now owns 12,596 shares of the business services provider’s stock valued at $661,000 after acquiring an additional 3,172 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in shares of WNS during the second quarter valued at $876,000. 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.