WNS (NYSE:WNS) Price Target Lowered to $98.00 at Cowen

WNS (NYSE:WNS – Get Rating) had its target price cut by research analysts at Cowen from $100.00 to $98.00 in a research report issued on Friday, The Fly reports. Cowen’s target price points to a potential upside of 19.88% from the stock’s current price.

WNS has been the topic of several other research reports. StockNews.com began coverage on WNS in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research cut WNS from a “buy” rating to a “hold” rating in a report on Thursday, March 24th. Finally, Needham & Company LLC boosted their price objective on WNS from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday, January 21st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $100.67.

Shares of WNS stock opened at $81.75 on Friday. WNS has a 1-year low of $67.36 and a 1-year high of $91.48. The stock’s fifty day moving average price is $84.78 and its 200 day moving average price is $85.76. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 1.91 and a beta of 1.38.

WNS (NYSE:WNS – Get Rating) last announced its earnings results on Thursday, April 21st. The business services provider reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.08. WNS had a return on equity of 19.13% and a net margin of 11.44%. The firm had revenue of $275.00 million for the quarter, compared to the consensus estimate of $265.54 million. During the same period in the previous year, the business earned $0.57 EPS. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. Sell-side analysts predict that WNS will post 2.62 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Qtron Investments LLC raised its holdings in WNS by 5.2% in the 3rd quarter. Qtron Investments LLC now owns 28,052 shares of the business services provider’s stock worth $2,295,000 after purchasing an additional 1,389 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in shares of WNS by 14.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 56,594 shares of the business services provider’s stock valued at $4,993,000 after acquiring an additional 7,249 shares during the last quarter. Ensign Peak Advisors Inc raised its holdings in shares of WNS by 7.1% during the third quarter. Ensign Peak Advisors Inc now owns 958,880 shares of the business services provider’s stock valued at $78,436,000 after acquiring an additional 63,270 shares during the last quarter. Pendal Group Ltd raised its holdings in shares of WNS by 12.8% during the third quarter. Pendal Group Ltd now owns 41,848 shares of the business services provider’s stock valued at $3,423,000 after acquiring an additional 4,736 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of WNS by 14.3% during the third quarter. Victory Capital Management Inc. now owns 844,049 shares of the business services provider’s stock valued at $69,043,000 after acquiring an additional 105,517 shares during the last quarter.

WNS Company Profile (Get Rating)

WNS (Holdings) Ltd. engages in the provision of business process management solutions. Its services include industry-specific offerings, customer interaction, finance and accounting, human resources, procurement, and research and analytics. It operates through the WNS Global BPM and WNS Auto Claims BPM segments.

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