WNS (Holdings) Limited (NYSE:WNS) Receives Average Rating of “Buy” from Brokerages

WNS (Holdings) Limited (NYSE:WNS) has been assigned an average recommendation of “Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $85.88.

WNS has been the subject of several research reports. StockNews.com raised WNS from a “hold” rating to a “buy” rating in a research report on Tuesday, March 19th. Barrington Research dropped their price objective on shares of WNS from $80.00 to $72.00 and set an “outperform” rating on the stock in a report on Monday, February 5th. Needham & Company LLC reiterated a “buy” rating and issued a $80.00 target price on shares of WNS in a research note on Friday, March 1st. Finally, Citigroup boosted their price target on WNS from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th.

WNS Stock Performance

NYSE WNS opened at $50.53 on Monday. The stock has a 50-day moving average of $59.19 and a two-hundred day moving average of $61.32. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.82 and a quick ratio of 1.82. WNS has a 1-year low of $49.67 and a 1-year high of $94.96. The company has a market cap of $2.42 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.35 and a beta of 1.05.

WNS (NYSE:WNS) last announced its quarterly earnings results on Thursday, January 18th. The business services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.80 by $0.18. The firm had revenue of $315.90 million for the quarter, compared to analyst estimates of $313.21 million. WNS had a net margin of 12.59% and a return on equity of 21.71%. As a group, analysts anticipate that WNS will post 3.44 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in WNS by 16.8% during the first quarter. JPMorgan Chase & Co. now owns 4,215 shares of the business services provider’s stock valued at $361,000 after purchasing an additional 607 shares in the last quarter. Raymond James & Associates acquired a new position in shares of WNS during the 1st quarter worth $433,000. Citigroup Inc. lifted its position in shares of WNS by 2.2% during the 1st quarter. Citigroup Inc. now owns 15,150 shares of the business services provider’s stock worth $1,295,000 after buying an additional 333 shares during the last quarter. Canada Pension Plan Investment Board grew its position in WNS by 72.1% in the first quarter. Canada Pension Plan Investment Board now owns 48,700 shares of the business services provider’s stock valued at $4,163,000 after acquiring an additional 20,400 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in WNS by 21.8% during the first quarter. Baird Financial Group Inc. now owns 44,046 shares of the business services provider’s stock worth $3,765,000 after acquiring an additional 7,878 shares in the last quarter. 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 two segments, WNS Global BPM and WNS Auto Claims BPM. It offers industry-specific services to clients primarily in insurance; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure; healthcare; utilities; shipping and logistics; Hi-tech and professional services; and banking and financial services.