WNS (NYSE:WNS) Given New $64.00 Price Target at TD Cowen

WNS (NYSE:WNS) had its target price trimmed by TD Cowen from $70.00 to $64.00 in a research report released on Friday morning, Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

A number of other research analysts also recently issued reports on WNS. Barrington Research restated an outperform rating and issued a $72.00 price objective on shares of WNS in a research note on Monday, April 15th. StockNews.com cut WNS from a buy rating to a hold rating in a research report on Tuesday, April 2nd. Citigroup dropped their price target on WNS from $80.00 to $62.00 and set a buy rating on the stock in a research report on Monday, April 22nd. Needham & Company LLC dropped their price target on WNS from $80.00 to $60.00 and set a buy rating on the stock in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut WNS from a buy rating to a hold rating and dropped their price target for the company from $64.00 to $44.00 in a research report on Friday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, WNS presently has an average rating of Moderate Buy and a consensus target price of $72.44.

WNS Trading Down 4.6 %

Shares of NYSE:WNS opened at $40.08 on Friday. 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 fifty day moving average price of $52.78 and a two-hundred day moving average price of $58.57. WNS has a 1 year low of $39.85 and a 1 year high of $91.88.

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

Institutional Trading of WNS

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates raised its holdings 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 acquiring an additional 494 shares in the last quarter. Bank of New York Mellon Corp raised its holdings 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 acquiring an additional 532 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of WNS by 6.2% in the 3rd quarter. Verdence Capital Advisors LLC now owns 10,465 shares of the business services provider’s stock valued at $716,000 after acquiring an additional 615 shares in the last quarter. Advisor Partners II LLC purchased a new stake in shares of WNS in the 3rd quarter valued at about $446,000. Finally, Osborne Partners Capital Management LLC purchased a new stake in shares of WNS in the 3rd quarter valued at about $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.