WNS (NYSE:WNS) Given New $61.00 Price Target at Citigroup

WNS (NYSE:WNS - Free Report) had its target price trimmed by Citigroup from $67.00 to $61.00 in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has a buy rating on the business services provider's stock.

A number of other research analysts have also recently commented on the company. Needham & Company LLC upped their target price on WNS from $60.00 to $70.00 and gave the company a buy rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft reduced their target price on WNS from $55.00 to $51.00 and set a hold rating on the stock in a research note on Thursday, October 3rd. Barrington Research reissued an outperform rating and set a $70.00 target price on shares of WNS in a research note on Thursday, August 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of WNS from $60.00 to $73.00 and gave the stock a neutral rating in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, WNS has an average rating of Moderate Buy and an average target price of $64.83.

WNS Trading Up 2.3 %

Shares of WNS stock traded up $1.10 on Monday, reaching $48.74. The company had a trading volume of 603,669 shares, compared to its average volume of 464,202. The firm has a market cap of $2.33 billion and a price-to-earnings ratio of 17.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.60. The firm's 50-day moving average price is $55.35 and its two-hundred day moving average price is $52.83. WNS has a 1 year low of $39.85 and a 1 year high of $72.57.

WNS (NYSE:WNS - Get Free Report) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. The company had revenue of $312.40 million during the quarter, compared to analyst estimates of $310.49 million. WNS had a net margin of 10.52% and a return on equity of 22.05%. WNS's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 earnings per share. As a group, research analysts predict that WNS will post 3.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WNS

Large investors have recently modified their holdings of the business. Creative Planning raised its position in shares of WNS by 68.7% in the 3rd quarter. Creative Planning now owns 8,849 shares of the business services provider's stock worth $466,000 after acquiring an additional 3,603 shares in the last quarter. Artemis Investment Management LLP purchased a new position in WNS in the third quarter valued at about $518,000. GAMMA Investing LLC raised its holdings in WNS by 237.2% in the third quarter. GAMMA Investing LLC now owns 2,141 shares of the business services provider's stock worth $113,000 after purchasing an additional 1,506 shares in the last quarter. Aurora Investment Counsel lifted its position in shares of WNS by 17.9% during the second quarter. Aurora Investment Counsel now owns 34,519 shares of the business services provider's stock valued at $1,812,000 after buying an additional 5,229 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of WNS in the 2nd quarter valued at about $876,000. 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.