WNS (NYSE:WNS) Rating Reiterated by Barrington Research

Barrington Research reaffirmed their outperform rating on shares of WNS (NYSE:WNS - Free Report) in a report released on Friday, Benzinga reports. They currently have a $70.00 price target on the business services provider's stock.

Several other analysts also recently issued reports on WNS. JPMorgan Chase & Co. raised their price objective on shares of WNS from $60.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th. Deutsche Bank Aktiengesellschaft decreased their price target on WNS from $55.00 to $51.00 and set a "hold" rating for the company in a research note on Thursday, October 3rd. Needham & Company LLC dropped their price objective on WNS from $70.00 to $60.00 and set a "buy" rating for the company in a report on Friday. Citigroup reduced their target price on WNS from $67.00 to $61.00 and set a "buy" rating on the stock in a research note on Monday. Finally, TD Cowen lowered shares of WNS from a "buy" rating to a "hold" rating and lowered their target price for the company from $64.00 to $53.00 in a research note on Thursday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $60.33.

WNS Trading Up 5.0 %

Shares of NYSE WNS traded up $2.19 during trading hours on Friday, hitting $46.37. 930,957 shares of the company traded hands, compared to its average volume of 475,105. The stock has a market capitalization of $2.22 billion and a price-to-earnings ratio of 16.33. The company's 50 day moving average price is $54.66 and its 200 day moving average price is $52.71. WNS has a 12 month low of $39.85 and a 12 month 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.

WNS (NYSE:WNS - Get Free Report) last announced its earnings results on Thursday, July 18th. The business services provider reported $0.93 earnings per share 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 for the quarter, compared to the consensus estimate of $310.49 million. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The business's revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities research analysts anticipate that WNS will post 3.71 earnings per share for the current fiscal year.

Institutional Trading of WNS

A number of hedge funds have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. raised 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 valued at $1,940,000 after purchasing an additional 29,646 shares in the last quarter. Congress Wealth Management LLC DE raised its stake in WNS by 39.3% in the first quarter. Congress Wealth Management LLC DE now owns 105,935 shares of the business services provider's stock worth $5,091,000 after buying an additional 29,911 shares in the last quarter. Seven Eight Capital LP purchased a new stake in WNS during the first quarter worth $1,205,000. William Blair Investment Management LLC boosted its position in WNS by 8.3% during the 2nd quarter. William Blair Investment Management LLC now owns 347,511 shares of the business services provider's stock valued at $18,244,000 after acquiring an additional 26,648 shares in the last quarter. Finally, 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 acquiring an additional 188,616 shares during the period. 97.36% of the stock is owned by hedge funds and other institutional investors.

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.