Jefferies Financial Group Lowers WNS (NYSE:WNS) Price Target to $55.00

WNS (NYSE:WNS) had its price objective lowered by analysts at Jefferies Financial Group from $60.00 to $55.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Jefferies Financial Group’s target price points to a potential upside of 11.08% from the stock’s current price.

A number of other research analysts also recently issued reports on WNS. Barrington Research restated an “outperform” rating and set a $70.00 price target on shares of WNS in a report on Friday, October 18th. TD Cowen cut WNS from a “buy” rating to a “hold” rating and reduced their target price for the company from $64.00 to $53.00 in a research note on Thursday, October 17th. Citigroup set a $55.00 price target on WNS in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Finally, Needham & Company LLC dropped their target price on shares of WNS from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, WNS presently has an average rating of “Moderate Buy” and an average target price of $59.57.

WNS Price Performance

Shares of WNS stock opened at $49.52 on Tuesday. The firm has a market cap of $2.37 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.88 and a beta of 1.16. The company’s fifty day simple moving average is $48.55 and its two-hundred day simple moving average is $52.27. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. WNS has a 12-month low of $39.85 and a 12-month high of $72.57.

Hedge Funds Weigh In On WNS

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC grew its stake in shares of WNS by 728.1% in the 3rd quarter. Jane Street Group LLC now owns 52,974 shares of the business services provider’s stock worth $2,792,000 after buying an additional 46,577 shares during the last quarter. State Street Corp grew its stake in shares of WNS by 40.5% in the third quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock worth $39,182,000 after acquiring an additional 214,417 shares during the last quarter. TimesSquare Capital Management LLC increased its holdings in shares of WNS by 17.1% during the third quarter. TimesSquare Capital Management LLC now owns 377,825 shares of the business services provider’s stock valued at $19,915,000 after acquiring an additional 55,306 shares in the last quarter. Citigroup Inc. raised its position in shares of WNS by 90.0% in the 3rd quarter. Citigroup Inc. now owns 67,333 shares of the business services provider’s stock worth $3,549,000 after purchasing an additional 31,886 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in WNS by 117.3% in the 3rd quarter. MetLife Investment Management LLC now owns 25,388 shares of the business services provider’s stock worth $1,338,000 after purchasing an additional 13,702 shares in the last quarter. Institutional investors own 97.36% of the company’s stock.

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.