WNS (NYSE:WNS) Price Target Raised to $65.00

WNS (NYSE:WNS - Get Free Report) had its target price raised by equities researchers at Needham & Company LLC from $60.00 to $65.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the business services provider's stock. Needham & Company LLC's price target would suggest a potential upside of 4.46% from the company's current price.

Several other analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their target price on WNS from $55.00 to $51.00 and set a "hold" rating for the company in a report on Thursday, October 3rd. Citigroup set a $55.00 price objective on WNS in a report on Thursday, October 17th. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 target price on shares of WNS in a report on Friday, October 18th. TD Cowen cut shares of WNS from a "buy" rating to a "hold" rating and decreased their price target for the stock from $64.00 to $53.00 in a research note on Thursday, October 17th. Finally, Jefferies Financial Group dropped their price objective on shares of WNS from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, WNS currently has an average rating of "Moderate Buy" and a consensus price target of $61.00.

WNS Stock Up 2.5 %

Shares of WNS traded up $1.52 during midday trading on Thursday, reaching $62.22. The stock had a trading volume of 938,023 shares, compared to its average volume of 558,108. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The company's fifty day simple moving average is $48.65 and its two-hundred day simple moving average is $52.31. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 2.00 and a beta of 1.16. WNS has a 1-year low of $39.85 and a 1-year high of $72.40.

WNS (NYSE:WNS - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The business services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.15). WNS had a return on equity of 22.76% and a net margin of 9.39%. Equities research analysts expect that WNS will post 3.52 earnings per share for the current year.

Institutional Investors Weigh In On WNS

A number of hedge funds and other institutional investors have recently modified their holdings of WNS. EverSource Wealth Advisors LLC increased its stake in WNS by 228.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider's stock valued at $27,000 after purchasing an additional 364 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in shares of WNS in the third quarter valued at $46,000. Amalgamated Bank purchased a new position in shares of WNS in the second quarter valued at $84,000. GAMMA Investing LLC raised its stake in shares of WNS by 237.2% during the 3rd quarter. GAMMA Investing LLC now owns 2,141 shares of the business services provider's stock worth $113,000 after buying an additional 1,506 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of WNS by 1,151.2% in the 3rd quarter. Blue Trust Inc. now owns 2,665 shares of the business services provider's stock worth $140,000 after buying an additional 2,452 shares in the last quarter. 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.