WNS (NYSE:WNS) Sets New 12-Month High – Here’s Why

WNS (Holdings) Limited (NYSE:WNS)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $70.31 and last traded at $66.45, with a volume of 2565559 shares trading hands. The stock had previously closed at $61.49.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Robert W. Baird upped their target price on shares of WNS from $58.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. StockNews.com raised shares of WNS from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. Barrington Research upped their price target on WNS from $63.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 26th. Jefferies Financial Group lowered their price target on WNS from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Finally, Needham & Company LLC boosted their price objective on WNS from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.25.

WNS Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.81. The company has a 50-day simple moving average of $59.99 and a 200-day simple moving average of $53.11. The stock has a market cap of $3.07 billion, a PE ratio of 23.24, a PEG ratio of 2.10 and a beta of 1.22.

WNS (NYSE:WNS) last posted its quarterly 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%. Sell-side analysts anticipate that WNS will post 3.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. MetLife Investment Management LLC raised its stake in WNS by 0.7% in the 4th quarter. MetLife Investment Management LLC now owns 25,575 shares of the business services provider’s stock valued at $1,212,000 after purchasing an additional 187 shares during the last quarter. Inspire Advisors LLC raised its position in shares of WNS by 4.0% in the fourth quarter. Inspire Advisors LLC now owns 12,836 shares of the business services provider’s stock valued at $608,000 after buying an additional 493 shares during the last quarter. LPL Financial LLC lifted its stake in shares of WNS by 3.9% during the fourth quarter. LPL Financial LLC now owns 13,770 shares of the business services provider’s stock valued at $653,000 after buying an additional 514 shares during the period. Mount Yale Investment Advisors LLC boosted 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 during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in WNS in the 4th quarter worth approximately $53,000. 97.36% of the stock is owned by hedge funds and other institutional investors.

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.