WNS (NYSE:WNS) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

WNS (NYSE:WNS) had its price objective increased by Needham & Company LLC from $60.00 to $65.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Other research analysts have also issued research reports about the company. Citigroup set a $55.00 price objective on WNS in a report on Thursday, October 17th. TD Cowen cut shares of WNS from a “buy” rating to a “hold” rating and cut their price target for the stock from $64.00 to $53.00 in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Jefferies Financial Group cut 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, January 21st. Finally, Barrington Research restated an “outperform” rating and set a $70.00 price target on shares of WNS in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.00.

WNS Stock Performance

Shares of WNS stock opened at $62.22 on Thursday. The firm’s 50 day moving average is $48.89 and its 200 day moving average is $52.37. The stock has a market capitalization of $2.97 billion, a P/E ratio of 23.93, a PEG ratio of 2.00 and a beta of 1.16. WNS has a 12 month low of $39.85 and a 12 month high of $72.40. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

WNS (NYSE:WNS) last posted its earnings results on Thursday, January 23rd. The business services provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.15). WNS had a return on equity of 22.76% and a net margin of 9.39%. On average, sell-side analysts anticipate that WNS will post 3.52 earnings per share for the current year.

Institutional Investors Weigh In On WNS

Several institutional investors have recently bought and sold shares of WNS. EverSource Wealth Advisors LLC grew its holdings in shares of WNS by 228.9% in 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 last quarter. Financial Management Professionals Inc. purchased a new stake in shares of WNS in the 3rd quarter worth about $46,000. Amalgamated Bank purchased a new position in shares of WNS during the second quarter valued at about $84,000. GAMMA Investing LLC boosted its position in WNS by 237.2% during the 3rd quarter. GAMMA Investing LLC now owns 2,141 shares of the business services provider’s stock valued at $113,000 after acquiring an additional 1,506 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of WNS by 1,151.2% in the 3rd quarter. Blue Trust Inc. now owns 2,665 shares of the business services provider’s stock worth $140,000 after acquiring an additional 2,452 shares in the last quarter. 97.36% of the stock is currently owned by hedge funds and other 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.