WNS (NYSE:WNS) Price Target Cut to $60.00 by Analysts at Needham & Company LLC

WNS (NYSE:WNS) had its price objective lowered by Needham & Company LLC from $70.00 to $60.00 in a research report report published on Friday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the business services provider’s stock.

Several other research analysts have also commented on WNS. JPMorgan Chase & Co. boosted their price objective on shares of WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Barrington Research reaffirmed an “outperform” rating and set a $70.00 price target on shares of WNS in a research report on Thursday, August 22nd. Citigroup lowered their price objective on WNS from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reduced their target price on WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Finally, TD Cowen downgraded WNS from a “buy” rating to a “hold” rating and lowered their price target for the stock from $64.00 to $53.00 in a report on Thursday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, WNS presently has a consensus rating of “Hold” and an average price target of $60.33.

WNS Trading Up 5.0 %

WNS opened at $46.37 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.22 billion and a price-to-earnings ratio of 16.33. WNS has a 12 month low of $39.85 and a 12 month high of $72.57. The stock has a fifty day moving average price of $54.66 and a 200-day moving average price of $52.71.

WNS (NYSE:WNS) last announced its earnings results 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. WNS had a net margin of 10.52% and a return on equity of 22.05%. The business had revenue of $312.40 million during the quarter, compared to the consensus estimate of $310.49 million. During the same period in the previous year, the company posted $0.76 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that WNS will post 3.71 earnings per share for the current fiscal year.

Institutional Trading of WNS

Several large investors have recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. raised its stake in shares of WNS by 11.9% in the second quarter. Diamond Hill Capital Management Inc. now owns 1,777,557 shares of the business services provider’s stock worth $93,322,000 after purchasing an additional 188,616 shares during the last quarter. Acadian Asset Management LLC increased its holdings in 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 worth $89,317,000 after buying an additional 11,933 shares during the period. Westfield Capital Management Co. LP raised its position in WNS by 12.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,170,420 shares of the business services provider’s stock worth $59,141,000 after buying an additional 127,605 shares during the last quarter. Wellington Management Group LLP lifted its stake in WNS by 4.0% during the 4th quarter. Wellington Management Group LLP now owns 747,724 shares of the business services provider’s stock valued at $47,256,000 after acquiring an additional 28,833 shares during the period. Finally, Congress Asset Management Co. MA boosted its holdings in shares of WNS by 19.5% in the 1st quarter. Congress Asset Management Co. MA now owns 616,324 shares of the business services provider’s stock valued at $31,143,000 after acquiring an additional 100,563 shares during the last quarter. Hedge funds and other institutional investors 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.