WNS (Holdings) Limited (NYSE:WNS) Receives Average Rating of “Buy” from Brokerages

Shares of WNS (Holdings) Limited (NYSE:WNSGet Rating) have been assigned an average recommendation of “Buy” from the nine brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $99.83.

Several equities analysts recently issued reports on the company. Cowen reduced their price target on WNS from $100.00 to $98.00 and set an “outperform” rating on the stock in a research report on Friday, April 22nd. Needham & Company LLC lifted their target price on shares of WNS from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, January 21st. Zacks Investment Research downgraded shares of WNS from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. Barrington Research lowered their price objective on shares of WNS from $104.00 to $97.00 in a research note on Friday, April 22nd. Finally, Cowen lowered their price objective on shares of WNS from $100.00 to $98.00 and set an “outperform” rating for the company in a research note on Friday, April 22nd.

Several institutional investors have recently modified their holdings of WNS. Grandeur Peak Global Advisors LLC lifted its position in WNS by 0.6% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 2,865,109 shares of the business services provider’s stock valued at $252,760,000 after acquiring an additional 17,466 shares during the period. Artisan Partners Limited Partnership lifted its holdings in shares of WNS by 0.9% during the third quarter. Artisan Partners Limited Partnership now owns 1,378,103 shares of the business services provider’s stock valued at $112,729,000 after purchasing an additional 12,738 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of WNS by 24.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,269,115 shares of the business services provider’s stock worth $108,266,000 after purchasing an additional 248,276 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of WNS by 14.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,159,268 shares of the business services provider’s stock worth $102,271,000 after buying an additional 146,902 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in WNS during the 4th quarter valued at approximately $95,257,000. Institutional investors own 97.73% of the company’s stock.

Shares of NYSE WNS traded up $1.27 during trading hours on Friday, reaching $70.56. 266,218 shares of the stock traded hands, compared to its average volume of 188,790. The company has a market capitalization of $3.45 billion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36. WNS has a 52-week low of $67.07 and a 52-week high of $91.48. The company’s 50-day simple moving average is $81.41 and its two-hundred day simple moving average is $84.50.

WNS (NYSE:WNSGet Rating) last announced its quarterly earnings data on Thursday, April 21st. The business services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. WNS had a net margin of 11.90% and a return on equity of 20.26%. The firm had revenue of $275.00 million during the quarter, compared to analyst estimates of $265.54 million. During the same period in the previous year, the business posted $0.57 EPS. The business’s quarterly revenue was up 20.5% on a year-over-year basis. Analysts predict that WNS will post 2.97 earnings per share for the current year.

About WNS (Get Rating)

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through two segments, WNS Global BPM and WNS Auto Claims BPM. It offers industry-specific services to clients primarily in insurance; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecom; travel and leisure; healthcare; utilities; shipping and logistics; consulting and professional services; and banking and financial services.

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