Brokerages Set WNS (Holdings) Limited (NYSE:WNS) Target Price at $60.33

WNS (Holdings) Limited (NYSE:WNS) has received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $61.00.

WNS has been the subject of a number of recent analyst reports. StockNews.com raised WNS from a “hold” rating to a “buy” rating in a research report on Friday. TD Cowen lowered WNS from a “buy” rating to a “hold” rating and dropped their price target for the stock from $64.00 to $53.00 in a research note 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 on the stock in a report on Tuesday, January 21st. Needham & Company LLC lifted their target price on shares of WNS from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Robert W. Baird upped their price target on shares of WNS from $58.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday.

WNS Price Performance

WNS opened at $62.22 on Tuesday. The firm has a market capitalization of $2.97 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 2.00 and a beta of 1.16. The business’s 50-day moving average is $48.89 and its two-hundred day moving average is $52.37. WNS has a 1 year low of $39.85 and a 1 year high of $72.40. 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 posted its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.15). WNS had a return on equity of 22.76% and a net margin of 9.39%. Research analysts anticipate that WNS will post 3.52 earnings per share for the current fiscal year.

Institutional Trading of WNS

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC raised its holdings in shares of WNS by 728.1% during the third quarter. Jane Street Group LLC now owns 52,974 shares of the business services provider’s stock worth $2,792,000 after purchasing an additional 46,577 shares during the last quarter. State Street Corp grew its position in WNS by 40.5% during the 3rd quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock worth $39,182,000 after purchasing an additional 214,417 shares during the period. TimesSquare Capital Management LLC raised its stake in shares of WNS by 17.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 377,825 shares of the business services provider’s stock valued at $19,915,000 after buying an additional 55,306 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of WNS by 90.0% in the 3rd quarter. Citigroup Inc. now owns 67,333 shares of the business services provider’s stock valued at $3,549,000 after buying an additional 31,886 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in shares of WNS by 117.3% in the third quarter. MetLife Investment Management LLC now owns 25,388 shares of the business services provider’s stock worth $1,338,000 after buying an additional 13,702 shares during the last quarter. 97.36% of the stock is currently 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.