WNS (NYSE:WNS) Trading 6.4% Higher – What’s Next?

Shares of WNS (Holdings) Limited (NYSE:WNS) rose 6.4% on Tuesday . The company traded as high as $63.60 and last traded at $65.40. Approximately 306,655 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 517,685 shares. The stock had previously closed at $61.49.

Analysts Set New Price Targets

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

WNS Price Performance

The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.10 and a beta of 1.22. 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 stock’s 50 day simple moving average is $59.64 and its 200-day simple moving average is $53.05.

WNS (NYSE:WNS) last issued its quarterly earnings results 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 10.03% and a return on equity of 22.25%. On average, analysts expect that WNS will post 3.8 EPS for the current fiscal year.

Institutional Trading of WNS

Several large investors have recently made changes to their positions in the company. MetLife Investment Management LLC boosted its position in shares of WNS by 0.7% during 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 in the last quarter. Inspire Advisors LLC lifted its holdings in shares of WNS by 4.0% during the 4th quarter. Inspire Advisors LLC now owns 12,836 shares of the business services provider’s stock worth $608,000 after acquiring an additional 493 shares during the last quarter. LPL Financial LLC increased its holdings in shares of WNS by 3.9% in the fourth quarter. LPL Financial LLC now owns 13,770 shares of the business services provider’s stock worth $653,000 after buying an additional 514 shares during the period. Mount Yale Investment Advisors LLC grew its position in shares of WNS by 18.1% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,261 shares of the business services provider’s stock worth $249,000 after buying an additional 805 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in shares of WNS during the 4th quarter valued at $53,000. 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.