WNS (NYSE:WNS) Downgraded by TD Cowen

TD Cowen downgraded shares of WNS (NYSE:WNS - Free Report) from a buy rating to a hold rating in a research report released on Thursday morning, Marketbeat Ratings reports. TD Cowen currently has $53.00 price objective on the business services provider's stock, down from their previous price objective of $64.00.

A number of other research analysts have also recently commented on WNS. JPMorgan Chase & Co. raised their target price on WNS from $60.00 to $73.00 and gave the company a "neutral" rating in a research note on Friday, September 6th. Barrington Research restated an "outperform" rating and issued a $70.00 target price on shares of WNS in a research note on Thursday, August 22nd. Citigroup reduced their price objective on WNS from $67.00 to $61.00 and set a "buy" rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft reduced their price objective on WNS from $55.00 to $51.00 and set a "hold" rating for the company in a research report on Thursday, October 3rd. Finally, Needham & Company LLC raised their price objective on WNS from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, July 19th. Four equities 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.com, the stock has a consensus rating of "Hold" and an average price target of $63.00.

WNS Trading Down 11.0 %

NYSE WNS traded down $5.48 on Thursday, hitting $44.21. The company's stock had a trading volume of 2,111,949 shares, compared to its average volume of 472,836. WNS has a 52-week low of $39.85 and a 52-week high of $72.57. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.23. The company's 50-day simple moving average is $54.87 and its 200 day simple moving average is $52.74. The firm has a market cap of $2.11 billion and a P/E ratio of 15.57.

WNS (NYSE:WNS - Get Free Report) last released its earnings results on Thursday, July 18th. The business services provider reported $0.93 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 analysts' expectations of $310.49 million. WNS had a return on equity of 22.05% and a net margin of 10.52%. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. Research analysts predict that WNS will post 3.71 EPS for the current fiscal year.

Institutional Trading of WNS

Institutional investors and hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. increased its holdings in shares of WNS by 406.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 36,948 shares of the business services provider's stock worth $1,940,000 after purchasing an additional 29,646 shares in the last quarter. Congress Wealth Management LLC DE lifted its position in WNS by 39.3% during the first 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 in the last quarter. Seven Eight Capital LP purchased a new position in WNS during the first quarter valued at $1,205,000. William Blair Investment Management LLC lifted its position in WNS by 8.3% during the second quarter. William Blair Investment Management LLC now owns 347,511 shares of the business services provider's stock valued at $18,244,000 after purchasing an additional 26,648 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its position in WNS by 11.9% during the second quarter. Diamond Hill Capital Management Inc. now owns 1,777,557 shares of the business services provider's stock valued at $93,322,000 after purchasing an additional 188,616 shares in the last quarter. Institutional investors 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 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.