WNS (NYSE:WNS) Stock Price Down 5% - What's Next?

WNS (Holdings) Limited (NYSE:WNS - Get Free Report)'s stock price was down 5% during mid-day trading on Monday . The stock traded as low as $46.10 and last traded at $46.18. Approximately 84,981 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 486,550 shares. The stock had previously closed at $48.60.

Analysts Set New Price Targets

Several research firms recently issued reports on WNS. Citigroup set a $55.00 price objective on shares of WNS in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft cut their target price on WNS from $55.00 to $51.00 and set a "hold" rating for the company in a research note on Thursday, October 3rd. Needham & Company LLC decreased their price target on WNS from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, October 18th. TD Cowen lowered shares of WNS from a "buy" rating to a "hold" rating and reduced their price objective for the company from $64.00 to $53.00 in a report on Thursday, October 17th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $60.33.

WNS Price Performance

The company's 50-day moving average price is $49.97 and its 200-day moving average price is $53.31. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.93 and a beta of 1.14.

WNS (NYSE:WNS - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.78 by $0.21. The company had revenue of $310.70 million during the quarter, compared to analysts' expectations of $313.66 million. WNS had a net margin of 9.39% and a return on equity of 22.76%. On average, equities research analysts forecast that WNS will post 3.52 EPS for the current year.

Institutional Investors Weigh In On WNS

Several large investors have recently bought and sold shares of WNS. Nicholas Company Inc. increased its position in shares of WNS by 10.4% in the 2nd quarter. Nicholas Company Inc. now owns 118,505 shares of the business services provider's stock valued at $6,222,000 after purchasing an additional 11,190 shares during the last quarter. JB Capital LLC purchased a new position in WNS in the second quarter valued at $1,422,000. Calamos Advisors LLC acquired a new stake in WNS in the second quarter valued at $1,114,000. Bank of New York Mellon Corp lifted its holdings in WNS by 478.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 154,725 shares of the business services provider's stock worth $8,123,000 after buying an additional 127,960 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of WNS by 84.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 591,052 shares of the business services provider's stock worth $31,030,000 after acquiring an additional 270,117 shares in the last quarter. Hedge funds and other 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.

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