WNS (NYSE:WNS) Price Target Raised to $65.00

WNS (NYSE:WNS) had its price objective boosted by equities researchers at Needham & Company LLC from $60.00 to $65.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s target price points to a potential upside of 4.46% from the company’s current price.

A number of other equities analysts have also recently issued reports on WNS. Deutsche Bank Aktiengesellschaft reduced their price target on shares of WNS from $55.00 to $51.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Barrington Research restated an “outperform” rating and issued a $70.00 target price on shares of WNS in a report on Friday, October 18th. TD Cowen downgraded WNS from a “buy” rating to a “hold” rating and cut their price target for the company from $64.00 to $53.00 in a research note on Thursday, October 17th. Jefferies Financial Group lowered their price objective on WNS from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Citigroup set a $55.00 target price on WNS in a research report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.00.

WNS Stock Up 2.5 %

Shares of NYSE WNS opened at $62.22 on Thursday. WNS has a 12-month low of $39.85 and a 12-month high of $72.40. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.97 billion, a PE ratio of 23.93, a P/E/G ratio of 2.00 and a beta of 1.16. The company’s fifty day simple moving average is $48.65 and its 200 day simple moving average is $52.31.

WNS (NYSE:WNS) last issued its earnings results on Thursday, January 23rd. The business services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.15). WNS had a net margin of 9.39% and a return on equity of 22.76%. As a group, sell-side analysts forecast that WNS will post 3.52 earnings per share for the current fiscal year.

Institutional Trading of WNS

A number of large investors have recently added to or reduced their stakes in the stock. BKM Wealth Management LLC grew its position in shares of WNS by 2.8% during the 3rd quarter. BKM Wealth Management LLC now owns 10,972 shares of the business services provider’s stock valued at $578,000 after acquiring an additional 298 shares during the period. EverSource Wealth Advisors LLC grew its holdings in WNS by 228.9% during the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 364 shares during the period. Verdence Capital Advisors LLC increased its position in WNS by 4.2% in the third quarter. Verdence Capital Advisors LLC now owns 10,022 shares of the business services provider’s stock worth $528,000 after buying an additional 407 shares during the last quarter. Aurora Investment Counsel raised its stake in shares of WNS by 1.8% in the third quarter. Aurora Investment Counsel now owns 35,137 shares of the business services provider’s stock valued at $1,852,000 after buying an additional 618 shares during the period. Finally, Mount Yale Investment Advisors LLC lifted its position in shares of WNS by 18.1% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,261 shares of the business services provider’s stock valued at $249,000 after buying an additional 805 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 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.