WNS (NYSE:WNS) Shares Gap Up – Should You Buy?

WNS (Holdings) Limited (NYSE:WNS) shares gapped up before the market opened on Thursday . The stock had previously closed at $49.50, but opened at $51.94. WNS shares last traded at $54.90, with a volume of 63,783 shares trading hands.

Analysts Set New Price Targets

WNS has been the subject of a number of research reports. Citigroup set a $55.00 price target on WNS in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft cut their price target on shares of WNS from $55.00 to $51.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Barrington Research restated an “outperform” rating and set a $70.00 price objective on shares of WNS in a research report on Friday, October 18th. Needham & Company LLC reduced their price objective on shares of WNS from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Finally, TD Cowen cut WNS from a “buy” rating to a “hold” rating and decreased their target price for the stock from $64.00 to $53.00 in a report on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.57.

WNS Trading Up 18.2 %

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market cap of $2.80 billion, a P/E ratio of 22.60, a PEG ratio of 1.99 and a beta of 1.16. The company has a 50 day moving average of $48.45 and a 200 day moving average of $52.25.

WNS (NYSE:WNS) last issued its quarterly earnings results on Thursday, January 23rd. The business services provider reported $0.89 earnings per share 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%. Analysts predict that WNS will post 3.51 EPS for the current fiscal year.

Institutional Investors Weigh In On WNS

A number of hedge funds have recently added to or reduced their stakes in WNS. Amalgamated Bank bought a new stake in shares of WNS during the second quarter worth approximately $84,000. EverSource Wealth Advisors LLC boosted its position in shares of WNS by 228.9% during the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock worth $27,000 after purchasing an additional 364 shares in the last quarter. Bank of Montreal Can bought a new position in shares of WNS during the second quarter worth $922,000. Employees Retirement System of Texas boosted its position in shares of WNS by 33.7% during the second quarter. Employees Retirement System of Texas now owns 12,596 shares of the business services provider’s stock worth $661,000 after purchasing an additional 3,172 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of WNS during the second quarter worth $876,000. Institutional investors own 97.36% of the company’s stock.

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.