WNS (Holdings) Limited (NYSE:WNS) Receives Average Rating of “Moderate Buy” from Brokerages

WNS (Holdings) Limited (NYSE:WNS) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $66.43.

Several brokerages have commented on WNS. Barrington Research restated an “outperform” rating and set a $70.00 target price on shares of WNS in a research report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their price target on WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Finally, Needham & Company LLC raised their price objective on WNS from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 19th.

Institutional Investors Weigh In On WNS

Institutional investors have recently added to or reduced their stakes in the company. Truist Financial Corp acquired a new stake in shares of WNS in the fourth quarter worth $201,000. Dynamic Technology Lab Private Ltd purchased a new stake in WNS during the 4th quarter worth $1,252,000. Renaissance Group LLC lifted its holdings in WNS by 7.0% in the 4th quarter. Renaissance Group LLC now owns 33,093 shares of the business services provider’s stock worth $2,091,000 after buying an additional 2,167 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in WNS by 40.6% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,042,815 shares of the business services provider’s stock valued at $65,906,000 after buying an additional 301,022 shares during the last quarter. Finally, Cape Investment Advisory Inc. purchased a new stake in shares of WNS during the fourth quarter worth about $100,000. Hedge funds and other institutional investors own 97.36% of the company’s stock.

WNS Stock Up 2.3 %

Shares of NYSE:WNS opened at $57.50 on Monday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.23. WNS has a fifty-two week low of $39.85 and a fifty-two week high of $74.54. The stock has a market cap of $2.75 billion and a price-to-earnings ratio of 20.32. The firm’s 50 day moving average price is $57.60 and its 200 day moving average price is $53.31.

WNS (NYSE:WNS) last released its quarterly earnings results on Thursday, July 18th. The business services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. WNS had a net margin of 10.52% and a return on equity of 22.05%. The firm had revenue of $312.40 million during the quarter, compared to the consensus estimate of $310.49 million. During the same quarter in the prior year, the firm earned $0.76 EPS. WNS’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities research analysts predict that WNS will post 3.72 earnings per share for the current fiscal year.

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.