WNS (NYSE:WNS) Price Target Raised to $120.00 at Wedbush

WNS (NYSE:WNS – Get Rating) had its price objective increased by Wedbush from $95.00 to $120.00 in a report issued on Wednesday, The Fly reports. The firm currently has an outperform rating on the business services provider’s stock.

A number of other research analysts have also issued reports on WNS. JPMorgan Chase & Co. decreased their target price on shares of WNS from $109.00 to $102.00 in a research report on Thursday, December 15th. Robert W. Baird increased their target price on shares of WNS from $88.00 to $90.00 and gave the stock a neutral rating in a research report on Friday, January 20th. Cowen upped their price target on shares of WNS from $96.00 to $100.00 in a report on Wednesday, December 7th. Finally, Cowen upped their price target on shares of WNS from $96.00 to $100.00 in a report on Wednesday, December 7th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $100.00.

WNS Stock Up 1.9 %

Shares of WNS opened at $92.36 on Wednesday. WNS has a 52 week low of $67.07 and a 52 week high of $92.59. The firm has a market cap of $4.45 billion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 2.34 and a beta of 1.17. The firm’s 50-day simple moving average is $85.53 and its 200 day simple moving average is $83.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.64 and a current ratio of 1.64.

WNS (NYSE:WNS – Get Rating) last announced its earnings results on Thursday, January 19th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. WNS had a net margin of 11.58% and a return on equity of 21.54%. The firm had revenue of $292.90 million for the quarter, compared to analyst estimates of $290.95 million. On average, analysts forecast that WNS will post 3.05 earnings per share for the current year.

Hedge Funds Weigh In On WNS

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. lifted its stake in WNS by 1.5% in the 2nd quarter. Macquarie Group Ltd. now owns 2,662,818 shares of the business services provider’s stock valued at $198,753,000 after purchasing an additional 38,496 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in WNS by 12.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,310,704 shares of the business services provider’s stock valued at $107,266,000 after purchasing an additional 149,104 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in WNS by 0.3% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,294,518 shares of the business services provider’s stock valued at $105,943,000 after purchasing an additional 3,817 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of WNS by 9.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,158,721 shares of the business services provider’s stock valued at $94,830,000 after acquiring an additional 100,348 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of WNS by 34.4% during the third quarter. Victory Capital Management Inc. now owns 1,138,475 shares of the business services provider’s stock valued at $93,173,000 after acquiring an additional 291,701 shares during the last quarter. Institutional investors own 97.03% of the company’s stock.

About WNS

(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.