WNS (NYSE:WNS) Cut to Hold at TD Cowen

TD Cowen cut shares of WNS (NYSE:WNS) from a buy rating to a hold rating in a research report released on Thursday morning, MarketBeat Ratings reports. The brokerage currently has $53.00 price target on the business services provider’s stock, down from their previous price target of $64.00.

WNS has been the subject of a number of other research reports. Needham & Company LLC upped their price target on WNS from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Barrington Research reaffirmed an “outperform” rating and set a $70.00 price target on shares of WNS in a report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their price objective on shares of WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Citigroup lowered their target price on WNS from $67.00 to $61.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, WNS currently has a consensus rating of “Hold” and an average target price of $60.33.

WNS Stock Performance

NYSE:WNS opened at $46.37 on Thursday. WNS has a twelve month low of $39.85 and a twelve month high of $72.57. The firm has a market capitalization of $2.22 billion and a price-to-earnings ratio of 16.39. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.23. The firm’s fifty day simple moving average is $54.66 and its 200 day simple moving average is $52.73.

WNS (NYSE:WNS) last issued its earnings results on Thursday, July 18th. The business services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. The company had revenue of $312.40 million during the quarter, compared to the consensus estimate of $310.49 million. WNS had a return on equity of 22.05% and a net margin of 10.52%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 earnings per share. As a group, equities research analysts expect that WNS will post 3.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WNS

A number of institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in WNS by 228.9% in the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock valued at $27,000 after buying an additional 364 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of WNS by 64.1% in the 2nd quarter. GAMMA Investing LLC now owns 635 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 248 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of WNS during the 1st quarter valued at approximately $38,000. Harbor Investment Advisory LLC lifted its stake in WNS by 32.0% during the first quarter. Harbor Investment Advisory LLC now owns 1,517 shares of the business services provider’s stock worth $77,000 after purchasing an additional 368 shares during the last quarter. Finally, Amalgamated Bank bought a new position in WNS during the second quarter worth $84,000. 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.