WNS (NYSE:WNS) Price Target Raised to $65.00 at Needham & Company LLC

WNS (NYSE:WNS) had its target price hoisted by analysts at Needham & Company LLC from $60.00 to $65.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s price objective suggests a potential upside of 10.34% from the company’s previous close.

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

WNS Trading Up 19.0 %

Shares of NYSE:WNS traded up $9.41 during trading on Thursday, reaching $58.91. The stock had a trading volume of 679,072 shares, compared to its average volume of 470,077. WNS has a fifty-two week low of $39.85 and a fifty-two week high of $72.40. The business has a fifty day moving average price of $48.45 and a 200-day moving average price of $52.25. The stock has a market cap of $2.82 billion, a P/E ratio of 22.89, a PEG ratio of 1.99 and a beta of 1.16. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.

WNS (NYSE:WNS) last released its earnings results 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 9.39% and a return on equity of 22.76%. As a group, analysts anticipate that WNS will post 3.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WNS

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake in WNS by 228.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 364 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of WNS during the 3rd quarter valued at about $46,000. Amalgamated Bank bought a new position in WNS during the second quarter valued at approximately $84,000. GAMMA Investing LLC lifted its stake in WNS by 237.2% in the third quarter. GAMMA Investing LLC now owns 2,141 shares of the business services provider’s stock valued at $113,000 after acquiring an additional 1,506 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of WNS by 1,151.2% during the 3rd quarter. Blue Trust Inc. now owns 2,665 shares of the business services provider’s stock worth $140,000 after purchasing an additional 2,452 shares during 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.