WNS (NYSE:WNS) Reaches New 12-Month High on Analyst Upgrade

WNS (Holdings) Limited (NYSE:WNS) reached a new 52-week high during mid-day trading on Thursday after Barrington Research raised their price target on the stock from $63.00 to $75.00. Barrington Research currently has an outperform rating on the stock. WNS traded as high as $65.26 and last traded at $64.64, with a volume of 57647 shares trading hands. The stock had previously closed at $63.36.

A number of other research analysts have also recently issued reports on WNS. 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 report on Tuesday, January 21st. Robert W. Baird lifted their price target on WNS from $58.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. StockNews.com upgraded WNS from a “hold” rating to a “buy” rating in a report on Friday, January 24th. Finally, Needham & Company LLC upped their price target on WNS from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.25.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System boosted its holdings in shares of WNS by 1,034.0% in the 4th quarter. California State Teachers Retirement System now owns 37,422 shares of the business services provider’s stock worth $1,773,000 after buying an additional 34,122 shares during the last quarter. Vise Technologies Inc. bought a new stake in WNS in the fourth quarter worth about $4,310,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of WNS by 280.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 111,228 shares of the business services provider’s stock valued at $5,271,000 after acquiring an additional 82,028 shares during the period. Voloridge Investment Management LLC bought a new position in shares of WNS during the 4th quarter valued at approximately $7,813,000. Finally, Woodline Partners LP purchased a new stake in shares of WNS during the 4th quarter worth approximately $388,000. Institutional investors own 97.36% of the company’s stock.

WNS Price Performance

The business’s fifty day moving average is $59.04 and its 200 day moving average is $53.01. The company has a market cap of $2.97 billion, a P/E ratio of 22.47, a PEG ratio of 2.10 and a beta of 1.22. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.19.

WNS (NYSE:WNS) last issued its quarterly earnings results on Thursday, January 23rd. The business services provider reported $0.89 EPS 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%. As a group, sell-side analysts anticipate that WNS will post 3.8 EPS for the current year.

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.