WNS (NYSE:WNS) Stock Rating Upgraded by StockNews.com

WNS (NYSE:WNS) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other brokerages have also recently issued reports on WNS. Citigroup set a $55.00 price target on WNS in a research report on Thursday, October 17th. Jefferies Financial Group cut their price objective on shares of WNS from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Robert W. Baird lifted their target price on shares of WNS from $58.00 to $66.00 and gave the company an “outperform” rating in a report on Friday. Needham & Company LLC increased their price target on shares of WNS from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday. Finally, TD Cowen lowered WNS from a “buy” rating to a “hold” rating and lowered their price objective for the company from $64.00 to $53.00 in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, WNS presently has a consensus rating of “Moderate Buy” and an average price target of $61.00.

WNS Stock Up 2.5 %

WNS stock opened at $62.22 on Friday. The company has a market capitalization of $2.97 billion, a P/E ratio of 23.93, a PEG ratio of 2.00 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. WNS has a fifty-two week low of $39.85 and a fifty-two week high of $72.40. The stock has a 50-day simple moving average of $48.89 and a 200-day simple moving average of $52.37.

WNS (NYSE:WNS) last issued its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.15). WNS had a net margin of 9.39% and a return on equity of 22.76%. Equities research analysts expect that WNS will post 3.52 earnings per share for the current year.

Institutional Trading of WNS

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its stake in shares of WNS by 2.1% during the 3rd quarter. FMR LLC now owns 4,898,543 shares of the business services provider’s stock worth $258,202,000 after purchasing an additional 99,195 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in WNS during the third quarter worth $61,726,000. State Street Corp raised its holdings in shares of WNS by 40.5% in the third quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock worth $39,182,000 after acquiring an additional 214,417 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in shares of WNS by 17.1% in the third quarter. TimesSquare Capital Management LLC now owns 377,825 shares of the business services provider’s stock valued at $19,915,000 after acquiring an additional 55,306 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of WNS by 3.5% during the third quarter. Royce & Associates LP now owns 292,011 shares of the business services provider’s stock valued at $15,392,000 after acquiring an additional 9,900 shares during the last quarter. Hedge funds and other institutional investors 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.