Barrington Research Forecasts Strong Price Appreciation for WNS (NYSE:WNS) Stock

WNS (NYSE:WNS) had its target price upped by Barrington Research from $63.00 to $75.00 in a report released on Wednesday,Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

A number of other research analysts have also issued reports on the stock. StockNews.com raised shares of WNS from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. Needham & Company LLC boosted their price objective on WNS from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Robert W. Baird raised their target price on WNS from $58.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, Jefferies Financial Group reduced their price objective on shares of WNS from $60.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.25.

WNS Stock Down 2.3 %

NYSE:WNS opened at $63.32 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average of $58.67 and a 200-day moving average of $52.93. The firm has a market capitalization of $2.93 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 2.10 and a beta of 1.22. WNS has a 52 week low of $39.85 and a 52 week high of $65.03.

WNS (NYSE:WNS) last issued its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.15). WNS had a return on equity of 22.25% and a net margin of 10.03%. Analysts predict that WNS will post 3.8 EPS for the current year.

Institutional Investors Weigh In On WNS

Institutional investors and hedge funds have recently modified their holdings of the stock. Pathstone Holdings LLC lifted its stake in WNS by 20.9% during the third quarter. Pathstone Holdings LLC now owns 37,234 shares of the business services provider’s stock valued at $1,963,000 after buying an additional 6,433 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of WNS in the 3rd quarter valued at approximately $471,000. Citigroup Inc. grew its position in WNS by 90.0% during 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 in the last quarter. FMR LLC raised its stake in WNS by 2.1% during the 3rd quarter. FMR LLC now owns 4,898,543 shares of the business services provider’s stock valued at $258,202,000 after purchasing an additional 99,195 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of WNS by 18.1% in the third quarter. BNP Paribas Financial Markets now owns 108,255 shares of the business services provider’s stock valued at $5,706,000 after purchasing an additional 16,557 shares in the last quarter. Institutional investors and hedge funds 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.