WNS (NYSE:WNS) Shares Up 6.4% - Here's Why

WNS (Holdings) Limited (NYSE:WNS - Get Free Report)'s share price traded up 6.4% during mid-day trading on Tuesday . The company traded as high as $63.60 and last traded at $65.40. 306,655 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 517,685 shares. The stock had previously closed at $61.49.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WNS. Needham & Company LLC increased their target price on shares of WNS from $65.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Jefferies Financial Group reduced their price objective on WNS from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Robert W. Baird lifted their price target on WNS from $58.00 to $66.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Barrington Research upped their price target on shares of WNS from $63.00 to $75.00 and gave the company an "outperform" rating in a report on Wednesday, March 26th. Finally, StockNews.com raised WNS from a "hold" rating to a "buy" rating in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, WNS has a consensus rating of "Moderate Buy" and a consensus price target of $62.25.

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WNS Trading Down 3.4 %

The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.19. The stock's fifty day moving average price is $60.40 and its 200 day moving average price is $53.29. The stock has a market cap of $2.88 billion, a P/E ratio of 21.73, a PEG ratio of 2.10 and a beta of 1.22.

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 for the quarter, missing analysts' consensus estimates of $1.04 by ($0.15). WNS had a return on equity of 22.25% and a net margin of 10.03%. Equities research analysts expect that WNS will post 3.8 earnings per share for the current year.

Institutional Investors Weigh In On WNS

Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its stake in WNS by 1,034.0% in the 4th quarter. California State Teachers Retirement System now owns 37,422 shares of the business services provider's stock worth $1,773,000 after purchasing an additional 34,122 shares in the last quarter. Vise Technologies Inc. purchased a new position in WNS in the 4th quarter worth approximately $4,310,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in WNS by 280.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 111,228 shares of the business services provider's stock valued at $5,271,000 after purchasing an additional 82,028 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in shares of WNS in the 4th quarter worth $7,813,000. Finally, Woodline Partners LP purchased a new position in shares of WNS in the fourth quarter worth $388,000. 97.36% of the stock is owned by institutional investors.

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.