WNS’s (WNS) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of WNS (NYSE:WNS) in a report released on Friday morning, Benzinga reports. Barrington Research currently has a $70.00 price target on the business services provider’s stock.

A number of other research analysts have also recently commented on the company. Needham & Company LLC reduced their price objective on WNS from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday. TD Cowen lowered WNS from a “buy” rating to a “hold” rating and reduced their price target for the stock from $64.00 to $53.00 in a research report on Thursday. Citigroup lowered their price objective on shares of WNS from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Monday, October 14th. JPMorgan Chase & Co. boosted their target price on shares of WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of WNS from $55.00 to $51.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, WNS has an average rating of “Hold” and a consensus price target of $60.33.

WNS Stock Up 5.0 %

WNS opened at $46.37 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.60 and a current ratio of 1.60. WNS has a 1 year low of $39.85 and a 1 year high of $72.57. The firm has a 50 day moving average price of $54.66 and a 200 day moving average price of $52.75. The company has a market cap of $2.22 billion and a PE ratio of 17.83.

WNS (NYSE:WNS) last issued its earnings results on Thursday, July 18th. The business services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. WNS had a net margin of 9.39% and a return on equity of 22.48%. The business had revenue of $312.40 million for the quarter, compared to the consensus estimate of $310.49 million. During the same quarter last year, the firm posted $0.76 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Sell-side analysts expect that WNS will post 3.66 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its stake in shares of WNS by 228.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 364 shares in the last quarter. GAMMA Investing LLC raised its stake in WNS by 64.1% during the second quarter. GAMMA Investing LLC now owns 635 shares of the business services provider’s stock valued at $33,000 after buying an additional 248 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in WNS during the 1st quarter worth approximately $38,000. Harbor Investment Advisory LLC boosted its holdings in shares of WNS by 32.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,517 shares of the business services provider’s stock valued at $77,000 after buying an additional 368 shares during the period. Finally, Amalgamated Bank bought a new stake in shares of WNS during the 2nd quarter valued at about $84,000. 97.36% of the stock is owned by institutional investors and hedge funds.

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.