WNS (NYSE:WNS) Shares Gap Up - Here's What Happened

WNS (Holdings) Limited (NYSE:WNS - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $49.50, but opened at $51.94. WNS shares last traded at $54.90, with a volume of 63,783 shares.

Wall Street Analyst Weigh In

Several research firms have recently commented on WNS. Citigroup set a $55.00 price objective on WNS in a report on Thursday, October 17th. Barrington Research restated an "outperform" rating and set a $70.00 price target on shares of WNS in a research note on Friday, October 18th. Needham & Company LLC raised their price objective on shares of WNS from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday. Jefferies Financial Group decreased their target price on shares of WNS from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Robert W. Baird raised their price target on shares of WNS from $58.00 to $66.00 and gave the company an "outperform" rating in a research report on Friday. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.00.

WNS Stock Performance

The stock has a market cap of $2.97 billion, a P/E ratio of 23.93, a PEG ratio of 2.00 and a beta of 1.16. 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's 50-day simple moving average is $48.65 and its 200 day simple moving average is $52.31.

WNS (NYSE:WNS - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The business services provider reported $0.89 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%. As a group, sell-side analysts expect that WNS will post 3.52 EPS for the current fiscal year.

Hedge Funds Weigh In On WNS

Several institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank purchased a new stake in WNS in the second quarter worth $84,000. EverSource Wealth Advisors LLC grew its stake 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 acquiring an additional 364 shares during the period. Bank of Montreal Can purchased a new stake in WNS in the 2nd quarter worth about $922,000. Employees Retirement System of Texas raised its stake in WNS by 33.7% in the 2nd quarter. Employees Retirement System of Texas now owns 12,596 shares of the business services provider's stock valued at $661,000 after acquiring an additional 3,172 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new stake in WNS during the second quarter valued at about $876,000. Institutional investors own 97.36% of the company's stock.

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.