WNS (NYSE:WNS) Sets New 12-Month High – Here’s What Happened

WNS (Holdings) Limited (NYSE:WNS)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $70.31 and last traded at $66.45, with a volume of 2565559 shares. The stock had previously closed at $61.49.

Analyst Ratings Changes

A number of research analysts have commented on WNS shares. StockNews.com raised WNS from a “hold” rating to a “buy” rating in a report on Friday, January 24th. Barrington Research upped their price target on shares of WNS from $63.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, March 26th. Needham & Company LLC lifted their price objective on shares of WNS from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Robert W. Baird boosted their price objective on shares of WNS from $58.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, Jefferies Financial Group lowered their target price on shares of WNS from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $62.25.

WNS Stock Down 3.0 %

The firm’s 50-day moving average price is $60.40 and its 200 day moving average price is $53.29. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 2.10 and a beta of 1.22.

WNS (NYSE:WNS) last announced its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.15). WNS had a net margin of 10.03% and a return on equity of 22.25%. On average, sell-side analysts forecast that WNS will post 3.8 EPS for the current fiscal year.

Institutional Trading of WNS

Several large investors have recently bought and sold shares of the business. Hhlr Advisors LTD. acquired a new position in WNS during the fourth quarter worth about $72,576,000. Thrivent Financial for Lutherans lifted its stake in WNS by 26.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,483,569 shares of the business services provider’s stock valued at $70,307,000 after purchasing an additional 312,519 shares during the last quarter. William Blair Investment Management LLC boosted its position in WNS by 5.0% in the fourth quarter. William Blair Investment Management LLC now owns 1,112,743 shares of the business services provider’s stock valued at $52,733,000 after buying an additional 53,433 shares in the last quarter. State Street Corp grew its stake in shares of WNS by 40.5% during the third quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock worth $39,182,000 after buying an additional 214,417 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of WNS by 9.9% during the fourth quarter. Nuveen Asset Management LLC now owns 605,951 shares of the business services provider’s stock worth $28,716,000 after buying an additional 54,781 shares in the last quarter. 97.36% of the stock is owned by institutional investors and hedge funds.

WNS Company Profile

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.