Baird R W Downgrades WNS (NYSE:WNS) to Hold

WNS (NYSE:WNS) was downgraded by research analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $76.50 price target (down previously from $80.00) on shares of WNS in a research report on Tuesday. Barrington Research lowered shares of WNS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Needham & Company LLC downgraded shares of WNS from a “moderate buy” rating to a “hold” rating in a research note on Monday. Finally, William Blair downgraded shares of WNS from a “strong-buy” rating to a “market perform” rating in a research report on Monday. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, WNS currently has a consensus rating of “Hold” and a consensus target price of $64.94.

WNS Stock Up 0.2%

Shares of NYSE WNS opened at $74.92 on Tuesday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $59.59 and its two-hundred day moving average is $58.34. WNS has a 52-week low of $42.62 and a 52-week high of $74.96. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.14 and a beta of 0.93.

WNS (NYSE:WNS) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.04. WNS had a return on equity of 23.26% and a net margin of 12.94%. The firm had revenue of $336.30 million for the quarter, compared to the consensus estimate of $323.62 million. During the same quarter in the previous year, the business earned $1.12 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. Research analysts predict that WNS will post 3.8 EPS for the current year.

Institutional Investors Weigh In On WNS

Several hedge funds and other institutional investors have recently bought and sold shares of WNS. Bank of New York Mellon Corp grew its holdings in shares of WNS by 24.1% during the fourth quarter. Bank of New York Mellon Corp now owns 145,150 shares of the business services provider’s stock worth $6,879,000 after purchasing an additional 28,201 shares during the last quarter. Arizona State Retirement System purchased a new position in WNS during the 4th quarter worth approximately $546,000. Inspire Advisors LLC increased its position in WNS by 4.0% during the fourth quarter. Inspire Advisors LLC now owns 12,836 shares of the business services provider’s stock worth $608,000 after buying an additional 493 shares during the period. Aurora Investment Counsel lifted its stake in WNS by 11.0% in the fourth quarter. Aurora Investment Counsel now owns 38,986 shares of the business services provider’s stock valued at $1,848,000 after buying an additional 3,849 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of WNS by 10.1% in the fourth quarter. Royce & Associates LP now owns 321,371 shares of the business services provider’s stock valued at $15,230,000 after acquiring an additional 29,360 shares during the period. 97.36% of the stock is currently owned by institutional investors and hedge funds.

WNS Company Profile

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through TSLU, MRHP, HCLS, and BFSI segments. It engages in diversified business, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure, utilities, shipping, and logistics; healthcare and life sciences; banking, financial services, and insurance; and Hi-tech and professional services, as well as procurement.