WNS (NYSE:WNS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of WNS (NYSE:WNS) from a hold rating to a buy rating in a research note issued to investors on Friday.

A number of other equities research analysts also recently weighed in on WNS. Robert W. Baird lifted their target price on WNS from $58.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup set a $55.00 price objective on shares of WNS in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft cut their target price on shares of WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. TD Cowen lowered shares of WNS from a “buy” rating to a “hold” rating and dropped their price objective for the company from $64.00 to $53.00 in a report on Thursday, October 17th. Finally, Needham & Company LLC raised their target price on WNS from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.00.

WNS Stock Up 2.5 %

WNS stock opened at $62.22 on Friday. The firm has a 50 day moving average price of $48.65 and a two-hundred day moving average price of $52.31. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. WNS has a 52-week low of $39.85 and a 52-week high of $72.40. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 2.00 and a beta of 1.16.

WNS (NYSE:WNS) last released its earnings results on Thursday, January 23rd. The business services provider reported $0.89 earnings per share (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%. Equities analysts predict that WNS will post 3.52 EPS for the current year.

Hedge Funds Weigh In On WNS

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in shares of WNS by 2.1% in the third quarter. FMR LLC now owns 4,898,543 shares of the business services provider’s stock valued at $258,202,000 after purchasing an additional 99,195 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of WNS during the 3rd quarter worth approximately $61,726,000. State Street Corp increased its position in WNS by 40.5% in 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. TimesSquare Capital Management LLC raised its stake in WNS by 17.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 377,825 shares of the business services provider’s stock valued at $19,915,000 after acquiring an additional 55,306 shares during the period. Finally, Royce & Associates LP raised its position in shares of WNS by 3.5% in the third quarter. Royce & Associates LP now owns 292,011 shares of the business services provider’s stock valued at $15,392,000 after purchasing an additional 9,900 shares during the period. Institutional investors and hedge funds 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.