Citigroup Lowers WNS (NYSE:WNS) Price Target to $61.00

WNS (NYSE:WNS) had its price target lowered by equities researchers at Citigroup from $67.00 to $61.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Citigroup’s target price would suggest a potential upside of 23.58% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Barrington Research reissued an “outperform” rating and set a $70.00 target price on shares of WNS in a report on Thursday, August 22nd. Finally, Needham & Company LLC boosted their target price on WNS from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.83.

WNS Price Performance

Shares of WNS opened at $49.36 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a 50 day simple moving average of $55.22 and a 200 day simple moving average of $52.83. WNS has a 52-week low of $39.85 and a 52-week high of $72.57. The firm has a market capitalization of $2.36 billion and a PE ratio of 17.38.

WNS (NYSE:WNS) last released its 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 return on equity of 22.05% and a net margin of 10.52%. The firm had revenue of $312.40 million for the quarter, compared to analysts’ expectations of $310.49 million. During the same quarter in the previous year, the business posted $0.76 EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Sell-side analysts predict that WNS will post 3.71 EPS for the current fiscal year.

Institutional Trading of WNS

Institutional investors and hedge funds have recently modified their holdings of the business. Azzad Asset Management Inc. ADV grew its stake in WNS by 2.2% during the first quarter. Azzad Asset Management Inc. ADV now owns 11,540 shares of the business services provider’s stock worth $583,000 after purchasing an additional 245 shares during the period. GAMMA Investing LLC grew its stake in WNS by 64.1% in the second quarter. GAMMA Investing LLC now owns 635 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 248 shares during the period. Legato Capital Management LLC grew its stake in WNS by 2.9% in the second quarter. Legato Capital Management LLC now owns 9,156 shares of the business services provider’s stock valued at $481,000 after acquiring an additional 259 shares during the period. Inspire Advisors LLC grew its stake in WNS by 2.3% in the first quarter. Inspire Advisors LLC now owns 12,579 shares of the business services provider’s stock valued at $636,000 after acquiring an additional 287 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in WNS by 228.9% in the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 364 shares during the period. 97.36% of the stock is currently owned by institutional investors.

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.