WNS’s (WNS) “Outperform” Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of WNS (NYSE:WNS) in a report issued on Monday, Benzinga reports. The firm currently has a $72.00 price target on the business services provider’s stock.

A number of other analysts have also recently issued reports on WNS. StockNews.com cut WNS from a buy rating to a hold rating in a research report on Tuesday, April 2nd. Needham & Company LLC reissued a buy rating and issued a $80.00 target price on shares of WNS in a research report on Friday, March 1st. Finally, Citigroup upped their target price on WNS from $73.00 to $76.00 and gave the company a buy rating in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, WNS currently has an average rating of Moderate Buy and a consensus target price of $85.88.

WNS Price Performance

Shares of NYSE WNS opened at $47.55 on Monday. The stock’s 50-day moving average is $55.06 and its two-hundred day moving average is $59.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.82 and a quick ratio of 1.82. WNS has a 1-year low of $46.89 and a 1-year high of $92.35. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 14.45 and a beta of 1.04.

WNS (NYSE:WNS) last issued its quarterly earnings results on Thursday, January 18th. The business services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.18. The company had revenue of $315.90 million for the quarter, compared to the consensus estimate of $313.21 million. WNS had a return on equity of 21.71% and a net margin of 12.59%. Analysts forecast that WNS will post 3.44 EPS for the current fiscal year.

Institutional Trading of WNS

A number of hedge funds have recently added to or reduced their stakes in WNS. JPMorgan Chase & Co. raised its stake in shares of WNS by 16.8% during the 1st quarter. JPMorgan Chase & Co. now owns 4,215 shares of the business services provider’s stock worth $361,000 after buying an additional 607 shares in the last quarter. Raymond James & Associates purchased a new position in shares of WNS during the 1st quarter worth approximately $433,000. Citigroup Inc. increased its stake in WNS by 2.2% in the 1st quarter. Citigroup Inc. now owns 15,150 shares of the business services provider’s stock valued at $1,295,000 after purchasing an additional 333 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in WNS by 72.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 48,700 shares of the business services provider’s stock valued at $4,163,000 after purchasing an additional 20,400 shares in the last quarter. Finally, Baird Financial Group Inc. increased its stake in WNS by 21.8% in the 1st quarter. Baird Financial Group Inc. now owns 44,046 shares of the business services provider’s stock valued at $3,765,000 after purchasing an additional 7,878 shares in the last quarter. 97.36% of the stock is owned by institutional investors and hedge funds.

About WNS

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 telecommunication; travel and leisure; healthcare; utilities; shipping and logistics; Hi-tech and professional services; and banking and financial services.