WNS (NYSE:WNS) PT Lowered to $60.00 at Needham & Company LLC

WNS (NYSE:WNS) had its target price trimmed by Needham & Company LLC from $70.00 to $60.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. raised their price target on shares of WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. TD Cowen lowered WNS from a “buy” rating to a “hold” rating and cut their price target for the company from $64.00 to $53.00 in a research note on Thursday. Barrington Research reaffirmed an “outperform” rating and set a $70.00 target price on shares of WNS in a report on Thursday, August 22nd. Citigroup decreased their price target on shares of WNS from $67.00 to $61.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of WNS from $55.00 to $51.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $60.33.

WNS Stock Performance

Shares of NYSE WNS opened at $46.37 on Friday. The company has a 50 day simple moving average of $54.66 and a two-hundred day simple moving average of $52.75. The stock has a market cap of $2.22 billion and a price-to-earnings ratio of 17.83. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.23. WNS has a 12 month low of $39.85 and a 12 month high of $72.57.

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

Institutional Investors Weigh In On WNS

A number of hedge funds have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of WNS in the 4th quarter valued at approximately $235,000. Wellington Management Group LLP grew its position in WNS by 4.0% in the fourth quarter. Wellington Management Group LLP now owns 747,724 shares of the business services provider’s stock worth $47,256,000 after acquiring an additional 28,833 shares during the period. Congress Asset Management Co. MA increased its stake in WNS by 19.5% during the first quarter. Congress Asset Management Co. MA now owns 616,324 shares of the business services provider’s stock worth $31,143,000 after acquiring an additional 100,563 shares during the last quarter. Harbor Investment Advisory LLC raised its position in WNS by 32.0% in the first quarter. Harbor Investment Advisory LLC now owns 1,517 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 368 shares during the period. Finally, Congress Wealth Management LLC DE lifted its stake in shares of WNS by 39.3% in the 1st quarter. Congress Wealth Management LLC DE now owns 105,935 shares of the business services provider’s stock valued at $5,091,000 after purchasing an additional 29,911 shares during the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

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.