Barrington Research Reaffirms “Outperform” Rating for WNS (NYSE:WNS)

Barrington Research restated their outperform rating on shares of WNS (NYSE:WNS) in a research report released on Friday, Benzinga reports. The brokerage currently has a $70.00 target price on the business services provider’s stock.

A number of other research analysts have also recently weighed in on WNS. Citigroup dropped their price target on WNS from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Monday, October 14th. TD Cowen downgraded shares of WNS from a “buy” rating to a “hold” rating and reduced their price target for the company from $64.00 to $53.00 in a report on Thursday. Needham & Company LLC cut their price objective on WNS from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Friday. JPMorgan Chase & Co. increased their target price on WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on WNS from $55.00 to $51.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $60.33.

WNS Stock Performance

NYSE:WNS opened at $46.37 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.23. WNS has a fifty-two week low of $39.85 and a fifty-two week high of $72.57. The firm’s fifty day simple moving average is $54.66 and its 200-day simple moving average is $52.75. The stock has a market cap of $2.22 billion and a PE ratio of 17.83.

WNS (NYSE:WNS) last announced its quarterly earnings results on Thursday, July 18th. The business services provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. WNS had a return on equity of 22.48% and a net margin of 9.39%. The business had revenue of $312.40 million for the quarter, compared to analyst estimates of $310.49 million. During the same quarter in the previous year, the company earned $0.76 EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts expect that WNS will post 3.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WNS

Several hedge funds have recently made changes to their positions in WNS. Azzad Asset Management Inc. ADV boosted its stake in WNS by 2.2% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 11,540 shares of the business services provider’s stock worth $583,000 after buying an additional 245 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of WNS by 64.1% in the second quarter. GAMMA Investing LLC now owns 635 shares of the business services provider’s stock worth $33,000 after acquiring an additional 248 shares during the last quarter. Legato Capital Management LLC grew its holdings in WNS by 2.9% in the second quarter. Legato Capital Management LLC now owns 9,156 shares of the business services provider’s stock valued at $481,000 after purchasing an additional 259 shares during the period. Inspire Advisors LLC increased its position in WNS by 2.3% during the first quarter. Inspire Advisors LLC now owns 12,579 shares of the business services provider’s stock worth $636,000 after purchasing an additional 287 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in WNS by 228.9% during the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock worth $27,000 after purchasing an additional 364 shares during the period. Institutional investors and hedge funds own 97.36% of the company’s stock.

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.