WNS (NYSE:WNS) Price Target Raised to $66.00

WNS (NYSE:WNS) had its price objective upped by Robert W. Baird from $58.00 to $66.00 in a research note published on Friday,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

WNS has been the subject of several other reports. Citigroup set a $55.00 price objective on shares of WNS in a report on Thursday, October 17th. TD Cowen cut shares of WNS from a “buy” rating to a “hold” rating and reduced their target price for the company from $64.00 to $53.00 in a research note on Thursday, October 17th. Jefferies Financial Group cut their target price on WNS from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday. Barrington Research restated an “outperform” rating and issued a $70.00 price objective on shares of WNS in a research note on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, WNS currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.00.

WNS Price Performance

NYSE WNS opened at $62.22 on Friday. WNS has a fifty-two week low of $39.85 and a fifty-two week high of $72.40. The stock’s 50-day moving average is $48.65 and its two-hundred day moving average is $52.31. The firm has a market cap of $2.97 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 2.00 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

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%. On average, analysts anticipate that WNS will post 3.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WNS

Hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans bought a new stake in WNS during the third quarter worth about $61,726,000. State Street Corp increased its holdings in WNS by 40.5% during the 3rd quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock valued at $39,182,000 after purchasing an additional 214,417 shares in the last quarter. FMR LLC raised its position in WNS by 2.1% in 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 last quarter. Nisa Investment Advisors LLC boosted its stake in WNS by 15,848.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 85,645 shares of the business services provider’s stock worth $4,059,000 after purchasing an additional 85,108 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in shares of WNS by 17.1% during the third quarter. TimesSquare Capital Management LLC now owns 377,825 shares of the business services provider’s stock worth $19,915,000 after purchasing an additional 55,306 shares during the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

About WNS

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.