WNS (NYSE:WNS) Sees Strong Trading Volume - Here's What Happened

WNS (Holdings) Limited (NYSE:WNS - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 420,980 shares changed hands during mid-day trading, a decline of 13% from the previous session's volume of 481,645 shares.The stock last traded at $48.79 and had previously closed at $47.21.

Wall Street Analysts Forecast Growth

WNS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of WNS from $60.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday, September 6th. Citigroup set a $55.00 price target on shares of WNS in a research report on Thursday, October 17th. Barrington Research reiterated an "outperform" rating and set a $70.00 price target on shares of WNS in a research report on Friday, October 18th. Needham & Company LLC reduced their price target on shares of WNS from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $60.33.

WNS Price Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market capitalization of $2.32 billion and a price-to-earnings ratio of 18.77. The company has a 50-day moving average of $53.52 and a 200-day moving average of $52.68.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WNS. EverSource Wealth Advisors LLC raised its position in shares of WNS by 228.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider's stock worth $27,000 after purchasing an additional 364 shares during the last quarter. GAMMA Investing LLC grew its stake in WNS by 64.1% in the 2nd quarter. GAMMA Investing LLC now owns 635 shares of the business services provider's stock worth $33,000 after acquiring an additional 248 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in WNS in the 1st quarter worth approximately $38,000. Financial Management Professionals Inc. purchased a new stake in WNS in the 3rd quarter worth approximately $46,000. Finally, Amalgamated Bank purchased a new stake in WNS in the 2nd quarter worth approximately $84,000. 97.36% of the stock is currently 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.