Zacks Investment Research upgraded shares of WNS (Holdings) Limited (NYSE:WNS) from a hold rating to a buy rating in a research note issued to investors on Thursday, November 2nd. Zacks Investment Research currently has $42.00 price target on the business services provider’s stock.
According to Zacks, “WNS HOLDINGS is a recognized leader in business process outsourcing.Their proposition is simple: They deliver value to their clients by bringing operational excellence and deep industry and functional knowledge to their critical business processes. They serve several industries, including travel, insurance, financial services, healthcare, professional services, manufacturing, distribution and retail. They also provide essential corporate functions, such as finance and accounting, human resources research and analytics. “
Other equities research analysts have also issued reports about the stock. Bank of America Corporation lifted their price target on shares of WNS (Holdings) Limited from $37.00 to $38.00 and gave the company a buy rating in a report on Friday, July 21st. Cowen and Company reaffirmed a buy rating and set a $39.00 price target on shares of WNS (Holdings) Limited in a report on Friday, July 21st. Citigroup Inc. lifted their price target on shares of WNS (Holdings) Limited from $38.00 to $40.00 and gave the company a buy rating in a report on Friday, July 21st. Wedbush initiated coverage on shares of WNS (Holdings) Limited in a report on Thursday, August 3rd. They set an outperform rating and a $42.00 price target on the stock. Finally, BidaskClub upgraded shares of WNS (Holdings) Limited from a hold rating to a buy rating in a research report on Tuesday, August 22nd. Thirteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $42.33.
WNS (WNS) traded up $0.22 during trading hours on Thursday, reaching $40.65. 175,492 shares of the company were exchanged, compared to its average volume of 200,639. WNS has a 1-year low of $24.82 and a 1-year high of $41.82. The company has a market capitalization of $2,030.00, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 1.77 and a beta of 1.00. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.18.
WNS (Holdings) Limited (NYSE:WNS) last released its quarterly earnings results on Friday, October 27th. The business services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. WNS (Holdings) Limited had a net margin of 7.24% and a return on equity of 19.23%. The business had revenue of $182.30 million for the quarter, compared to analyst estimates of $175.36 million. During the same period last year, the firm earned $0.42 earnings per share. WNS (Holdings) Limited’s revenue for the quarter was up 26.9% compared to the same quarter last year. analysts anticipate that WNS will post 1.59 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of WNS. OLD National Bancorp IN acquired a new position in shares of WNS (Holdings) Limited during the 3rd quarter valued at $202,000. Trexquant Investment LP bought a new stake in WNS (Holdings) Limited during the 3rd quarter valued at $210,000. Advisor Group Inc. increased its stake in WNS (Holdings) Limited by 731.2% during the 3rd quarter. Advisor Group Inc. now owns 6,417 shares of the business services provider’s stock valued at $234,000 after purchasing an additional 5,645 shares in the last quarter. 1st Global Advisors Inc. bought a new stake in WNS (Holdings) Limited during the 2nd quarter valued at $223,000. Finally, Financial Counselors Inc. bought a new stake in WNS (Holdings) Limited during the 2nd quarter valued at $236,000. Hedge funds and other institutional investors own 86.00% of the company’s stock.
About WNS (Holdings) Limited
WNS (Holdings) Limited is a global provider of business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company’s segments include WNS Global BPM and WNS Auto Claims BPM. Its operating segments include travel, insurance, banking and financial services, healthcare, utilities, retail and consumer products groups, auto claims and others.
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