WNS (NYSE:WNS) Price Target Lowered to $55.00 at Jefferies Financial Group

WNS (NYSE:WNS - Free Report) had its price objective cut by Jefferies Financial Group from $60.00 to $55.00 in a research note published on Tuesday,Benzinga reports. They currently have a buy rating on the business services provider's stock.

A number of other equities analysts also recently weighed in on WNS. Barrington Research reaffirmed an "outperform" rating and set a $70.00 price target on shares of WNS in a research report on Friday, October 18th. Citigroup set a $55.00 target price on shares of WNS in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft cut their price target on shares of WNS from $55.00 to $51.00 and set a "hold" rating on the stock in a research report on Thursday, October 3rd. TD Cowen cut WNS from a "buy" rating to a "hold" rating and decreased their price objective for the company from $64.00 to $53.00 in a report on Thursday, October 17th. Finally, Needham & Company LLC dropped their target price on WNS from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $59.57.

WNS Stock Up 5.3 %

Shares of WNS stock traded up $2.45 during trading on Tuesday, reaching $49.03. The stock had a trading volume of 463,891 shares, compared to its average volume of 434,183. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 1.88 and a beta of 1.16. The stock has a fifty day moving average price of $48.67 and a two-hundred day moving average price of $52.31. WNS has a 52 week low of $39.85 and a 52 week high of $72.57.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WNS. Jane Street Group LLC grew its position in shares of WNS by 728.1% in the third quarter. Jane Street Group LLC now owns 52,974 shares of the business services provider's stock valued at $2,792,000 after purchasing an additional 46,577 shares during the last quarter. State Street Corp grew its holdings in WNS by 40.5% in the 3rd quarter. State Street Corp now owns 743,343 shares of the business services provider's stock valued at $39,182,000 after buying an additional 214,417 shares in the last quarter. TimesSquare Capital Management LLC grew its holdings in WNS by 17.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 377,825 shares of the business services provider's stock valued at $19,915,000 after buying an additional 55,306 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of WNS by 90.0% during the third quarter. Citigroup Inc. now owns 67,333 shares of the business services provider's stock worth $3,549,000 after buying an additional 31,886 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of WNS by 117.3% during the third quarter. MetLife Investment Management LLC now owns 25,388 shares of the business services provider's stock worth $1,338,000 after buying an additional 13,702 shares in 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.