WNS (NYSE:WNS) Reaches New 52-Week High Following Analyst Upgrade

Shares of WNS (Holdings) Limited (NYSE:WNS - Get Free Report) hit a new 52-week high during trading on Thursday after Barrington Research raised their price target on the stock from $63.00 to $75.00. Barrington Research currently has an outperform rating on the stock. WNS traded as high as $65.26 and last traded at $64.64, with a volume of 57647 shares trading hands. The stock had previously closed at $63.36.

Several other research firms have also recently issued reports on WNS. Jefferies Financial Group lowered their target price on shares of WNS from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. StockNews.com upgraded shares of WNS from a "hold" rating to a "buy" rating in a report on Friday, January 24th. Robert W. Baird boosted their target price on shares of WNS from $58.00 to $66.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Finally, Needham & Company LLC increased their price target on WNS from $65.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.25.

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Institutional Investors Weigh In On WNS

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Johnson Financial Group Inc. purchased a new stake in WNS in the fourth quarter worth about $53,000. Blue Trust Inc. raised its stake in WNS by 65.0% during the 4th quarter. Blue Trust Inc. now owns 4,397 shares of the business services provider's stock worth $208,000 after acquiring an additional 1,732 shares during the period. Pictet Asset Management Holding SA purchased a new position in WNS during the fourth quarter valued at approximately $213,000. Cetera Investment Advisers boosted its holdings in WNS by 35.0% in the 4th quarter. Cetera Investment Advisers now owns 5,134 shares of the business services provider's stock worth $243,000 after buying an additional 1,331 shares during the period. Finally, Mount Yale Investment Advisors LLC boosted its stake in shares of WNS by 18.1% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,261 shares of the business services provider's stock worth $249,000 after acquiring an additional 805 shares during the period. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

WNS Price Performance

The firm has a 50-day moving average of $59.34 and a 200-day moving average of $53.01. The stock has a market cap of $2.85 billion, a PE ratio of 21.55, a PEG ratio of 2.10 and a beta of 1.22. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.81.

WNS (NYSE:WNS - Get Free Report) last announced its quarterly earnings data 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 net margin of 10.03% and a return on equity of 22.25%. Research analysts predict that WNS will post 3.8 EPS for the current year.

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.