WNS (NYSE:WNS) Price Target Cut to $60.00

WNS (NYSE:WNS) had its price target cut by equities research analysts at Needham & Company LLC from $80.00 to $60.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s price target points to a potential upside of 49.70% from the company’s current price.

Several other research firms also recently issued reports on WNS. StockNews.com downgraded shares of WNS from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Citigroup decreased their price objective on shares of WNS from $80.00 to $62.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Finally, Barrington Research reaffirmed an “outperform” rating and set a $72.00 price objective on shares of WNS in a report on Monday, April 15th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, WNS currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.44.

WNS Trading Down 4.6 %

Shares of NYSE WNS opened at $40.08 on Thursday. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 12.18 and a beta of 1.04. The business has a 50 day simple moving average of $52.78 and a 200 day simple moving average of $58.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.82 and a current ratio of 1.82. WNS has a 52 week low of $39.85 and a 52 week high of $91.88.

WNS (NYSE:WNS) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.11. The company had revenue of $325.90 million for the quarter, compared to analyst estimates of $322.92 million. WNS had a return on equity of 21.71% and a net margin of 12.59%. On average, research analysts predict that WNS will post 3.44 earnings per share for the current fiscal year.

Institutional Trading of WNS

A number of hedge funds have recently modified their holdings of WNS. JPMorgan Chase & Co. raised its position in shares of WNS by 36.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,034,729 shares of the business services provider’s stock valued at $139,298,000 after acquiring an additional 544,328 shares during the period. Baillie Gifford & Co. raised its position in shares of WNS by 62.1% in the 3rd quarter. Baillie Gifford & Co. now owns 1,011,599 shares of the business services provider’s stock valued at $69,254,000 after acquiring an additional 387,378 shares during the period. Westfield Capital Management Co. LP raised its position in shares of WNS by 86.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 741,793 shares of the business services provider’s stock valued at $50,783,000 after acquiring an additional 342,922 shares during the period. Artisan Partners Limited Partnership raised its position in shares of WNS by 19.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,686,152 shares of the business services provider’s stock valued at $115,434,000 after acquiring an additional 274,908 shares during the period. Finally, William Blair Investment Management LLC acquired a new stake in shares of WNS in the 3rd quarter valued at approximately $15,697,000. 97.36% of the stock is currently 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.