Needham & Company LLC Cuts WNS (NYSE:WNS) Price Target to $60.00

WNS (NYSE:WNS) had its price objective cut by Needham & Company LLC from $80.00 to $60.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 42.76% from the company’s current price.

WNS has been the topic of several other reports. Barrington Research reiterated an “outperform” rating and issued a $72.00 price target on shares of WNS in a report on Monday, April 15th. StockNews.com downgraded WNS from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Finally, Citigroup reduced their price target on WNS from $80.00 to $62.00 and set a “buy” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.63.

WNS Trading Down 10.3 %

Shares of NYSE:WNS traded down $4.83 during trading on Thursday, hitting $42.03. The company had a trading volume of 951,891 shares, compared to its average volume of 385,629. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 13.06 and a beta of 1.04. WNS has a one year low of $40.06 and a one year high of $91.88. The company has a fifty day simple moving average of $53.52 and a two-hundred day simple moving average of $58.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.82 and a quick ratio of 1.82.

Hedge Funds Weigh In On WNS

Several institutional investors and hedge funds have recently modified their holdings of WNS. Raymond James & Associates increased its stake in shares of WNS by 4.6% in the 3rd quarter. Raymond James & Associates now owns 11,138 shares of the business services provider’s stock valued at $763,000 after purchasing an additional 494 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of WNS by 1.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 30,356 shares of the business services provider’s stock valued at $2,078,000 after purchasing an additional 532 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in WNS by 6.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 10,465 shares of the business services provider’s stock worth $716,000 after buying an additional 615 shares in the last quarter. Advisor Partners II LLC purchased a new stake in WNS during the 3rd quarter worth approximately $446,000. Finally, Osborne Partners Capital Management LLC purchased a new stake in WNS during the 3rd quarter worth approximately $5,081,000. 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 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.