WNS (NYSE:WNS) Raised to Buy at StockNews.com

StockNews.com upgraded shares of WNS (NYSE:WNS) from a hold rating to a buy rating in a research note published on Friday.

Several other equities analysts also recently weighed in on WNS. TD Cowen downgraded 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 report on Thursday, October 17th. Jefferies Financial Group cut their price target on shares of WNS from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Citigroup set a $55.00 price target on shares of WNS in a report on Thursday, October 17th. Robert W. Baird increased their price target on shares of WNS from $58.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Barrington Research reiterated an “outperform” rating and issued a $70.00 price target on shares of WNS in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, WNS currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.00.

WNS Stock Performance

Shares of WNS stock opened at $62.22 on Friday. The firm 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. 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 company has a 50 day moving average price of $48.89 and a 200 day moving average price of $52.36. WNS has a 52 week low of $39.85 and a 52 week high of $72.40.

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

Institutional Investors Weigh In On WNS

A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in WNS by 2.1% in the 3rd quarter. FMR LLC now owns 4,898,543 shares of the business services provider’s stock valued at $258,202,000 after acquiring an additional 99,195 shares during the period. Thrivent Financial for Lutherans acquired a new stake in WNS in the 3rd quarter valued at $61,726,000. State Street Corp grew its stake in WNS by 40.5% in the 3rd quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock valued at $39,182,000 after acquiring an additional 214,417 shares during the period. TimesSquare Capital Management LLC grew its stake in WNS by 17.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 377,825 shares of the business services provider’s stock valued at $19,915,000 after acquiring an additional 55,306 shares during the period. Finally, Royce & Associates LP grew its stake in WNS by 3.5% in the 3rd quarter. Royce & Associates LP now owns 292,011 shares of the business services provider’s stock valued at $15,392,000 after acquiring an additional 9,900 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.