TD Cowen Cuts WNS (NYSE:WNS) Price Target to $64.00

WNS (NYSE:WNS) had its target price reduced by equities research analysts at TD Cowen from $70.00 to $64.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. TD Cowen’s target price indicates a potential upside of 59.32% from the company’s previous close.

Several other analysts also recently commented on WNS. Barrington Research reissued an “outperform” rating and set a $72.00 price objective on shares of WNS in a research report on Monday, April 15th. StockNews.com downgraded shares of WNS from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Citigroup cut their price objective on shares of WNS from $80.00 to $62.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft downgraded shares of WNS from a “buy” rating to a “hold” rating and cut their price objective for the company from $64.00 to $44.00 in a research report on Friday. Finally, Needham & Company LLC cut their price objective on shares of WNS from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, WNS has a consensus rating of “Moderate Buy” and a consensus target price of $72.44.

WNS Stock Down 4.4 %

Shares of WNS stock opened at $40.17 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.82 and a quick ratio of 1.82. The company has a 50-day moving average of $52.78 and a 200 day moving average of $58.49. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 14.19 and a beta of 1.04. WNS has a 1 year low of $39.85 and a 1 year high of $91.88.

WNS (NYSE:WNS) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.11. The company had revenue of $325.90 million during the quarter, compared to analyst estimates of $322.92 million. WNS had a net margin of 10.59% and a return on equity of 21.99%. As a group, sell-side analysts anticipate that WNS will post 3.69 earnings per share for the current fiscal year.

Institutional Trading of WNS

A number of institutional investors have recently made changes to their positions in WNS. Lindbrook Capital LLC boosted its holdings in shares of WNS by 33.0% during the 4th quarter. Lindbrook Capital LLC now owns 754 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 187 shares during the last quarter. CWM LLC boosted its holdings in shares of WNS by 490.6% during the 4th quarter. CWM LLC now owns 756 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 628 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of WNS by 30.4% during the 4th quarter. Parallel Advisors LLC now owns 841 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 196 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of WNS during the 4th quarter valued at about $64,000. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of WNS by 32.0% in the first quarter. Harbor Investment Advisory LLC now owns 1,517 shares of the business services provider’s stock worth $77,000 after buying an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

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.