WNS (NYSE:WNS) Shares Gap Down - What's Next?

WNS (Holdings) Limited (NYSE:WNS - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $49.69, but opened at $45.26. WNS shares last traded at $43.95, with a volume of 86,888 shares.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WNS. Barrington Research reaffirmed an "outperform" rating and set a $70.00 price target on shares of WNS in a research note on Thursday, August 22nd. Citigroup lowered their target price on WNS from $67.00 to $61.00 and set a "buy" rating on the stock in a report on Monday. JPMorgan Chase & Co. upped their price target on shares of WNS from $60.00 to $73.00 and gave the company a "neutral" rating in a report on Friday, September 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of 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 boosted their target price on shares of WNS from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, July 19th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, WNS has a consensus rating of "Hold" and an average price target of $63.00.

WNS Trading Down 11.0 %

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 stock has a market cap of $2.11 billion and a price-to-earnings ratio of 15.36. The company has a fifty day simple moving average of $55.12 and a 200-day simple moving average of $52.80.

WNS (NYSE:WNS - Get Free Report) last issued its quarterly earnings results on Thursday, July 18th. The business services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. WNS had a net margin of 10.52% and a return on equity of 22.05%. The business had revenue of $312.40 million during the quarter, compared to the consensus estimate of $310.49 million. During the same quarter in the prior year, the firm earned $0.76 EPS. The firm's quarterly revenue was down 1.6% on a year-over-year basis. On average, research analysts forecast that WNS will post 3.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Diamond Hill Capital Management Inc. increased its holdings in shares of WNS by 11.9% in the 2nd 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 during the period. Acadian Asset Management LLC boosted its stake in shares of WNS by 0.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,768,209 shares of the business services provider's stock valued at $89,317,000 after buying an additional 11,933 shares during the period. Westfield Capital Management Co. LP grew its holdings in shares of WNS by 12.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,170,420 shares of the business services provider's stock valued at $59,141,000 after acquiring an additional 127,605 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of WNS by 4.0% during the fourth quarter. Wellington Management Group LLP now owns 747,724 shares of the business services provider's stock worth $47,256,000 after acquiring an additional 28,833 shares in the last quarter. Finally, Congress Asset Management Co. MA boosted its position in WNS by 19.5% during the first quarter. Congress Asset Management Co. MA now owns 616,324 shares of the business services provider's stock valued at $31,143,000 after purchasing an additional 100,563 shares during the last quarter. 97.36% of the stock is owned by institutional investors and hedge funds.

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 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.