WNS (NYSE:WNS) Sets New 1-Year High on Analyst Upgrade

WNS (Holdings) Limited (NYSE:WNS) reached a new 52-week high during mid-day trading on Thursday after Barrington Research raised their price target on the stock from $63.00 to $75.00. Barrington Research currently has an outperform rating on the stock. WNS traded as high as $65.26 and last traded at $64.64, with a volume of 57647 shares. The stock had previously closed at $63.36.

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

Institutional Trading of WNS

A number of hedge funds and other institutional investors have recently modified their holdings of WNS. Johnson Financial Group Inc. bought a new position in WNS in the fourth quarter valued at approximately $53,000. Blue Trust Inc. boosted its holdings in shares of WNS by 65.0% in the 4th quarter. Blue Trust Inc. now owns 4,397 shares of the business services provider’s stock valued at $208,000 after buying an additional 1,732 shares during the last quarter. Pictet Asset Management Holding SA bought a new position in shares of WNS in the fourth quarter valued at $213,000. Cetera Investment Advisers increased its holdings in WNS by 35.0% during the fourth quarter. Cetera Investment Advisers now owns 5,134 shares of the business services provider’s stock worth $243,000 after buying an additional 1,331 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC raised its position in WNS by 18.1% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,261 shares of the business services provider’s stock worth $249,000 after acquiring an additional 805 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

WNS Trading Down 4.5 %

The business’s 50 day simple moving average is $59.34 and its 200 day simple moving average is $53.04. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.10 and a beta of 1.22. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.19.

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

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.