Deutsche Bank Aktiengesellschaft Downgrades WNS (NYSE:WNS) to Hold

Deutsche Bank Aktiengesellschaft cut shares of WNS (NYSE:WNS) from a buy rating to a hold rating in a report released on Friday morning, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has $44.00 target price on the business services provider’s stock, down from their prior target price of $64.00.

Other equities research analysts also recently issued reports about the company. Needham & Company LLC cut their price target on WNS from $80.00 to $60.00 and set a buy rating for the company in a research note on Thursday. StockNews.com downgraded WNS from a buy rating to a hold rating in a research note on Tuesday, April 2nd. Barrington Research reaffirmed an outperform rating and set a $72.00 price target on shares of WNS in a research note on Monday, April 15th. Finally, Citigroup cut their price target on WNS from $80.00 to $62.00 and set a buy rating for the company in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $72.44.

WNS Stock Down 4.6 %

Shares of NYSE WNS opened at $40.08 on Friday. WNS has a one year low of $39.85 and a one year high of $91.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.82 and a current ratio of 1.82. The business has a 50-day moving average price of $52.78 and a two-hundred day moving average price of $58.57.

WNS (NYSE:WNS) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. WNS had a return on equity of 21.99% and a net margin of 10.59%. The firm had revenue of $325.90 million during the quarter, compared to analyst estimates of $322.92 million. As a group, equities analysts expect that WNS will post 3.69 earnings per share for the current year.

Institutional Trading of WNS

Several institutional investors have recently modified their holdings of WNS. JPMorgan Chase & Co. grew its holdings in shares of WNS by 36.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,034,729 shares of the business services provider’s stock worth $139,298,000 after purchasing an additional 544,328 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of WNS by 62.1% during the 3rd quarter. Baillie Gifford & Co. now owns 1,011,599 shares of the business services provider’s stock worth $69,254,000 after purchasing an additional 387,378 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of WNS by 86.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 741,793 shares of the business services provider’s stock worth $50,783,000 after purchasing an additional 342,922 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of WNS by 19.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,686,152 shares of the business services provider’s stock worth $115,434,000 after purchasing an additional 274,908 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of WNS during the 3rd quarter worth approximately $15,697,000. Institutional investors and hedge funds own 97.36% of the company’s stock.

About WNS

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.