StockNews.com Lowers WNS (NYSE:WNS) to Hold
WNS (NYSE:WNS – Get Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.
Several other brokerages also recently commented on WNS. Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 price objective on shares of WNS in a research report on Monday, November 13th. Barrington Research cut their price objective on WNS from $88.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, October 20th. Jefferies Financial Group initiated coverage on WNS in a research report on Tuesday, September 19th. They issued a “buy” rating and a $82.00 price objective on the stock. Finally, Citigroup cut their price objective on WNS from $95.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, October 20th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.20.
View Our Latest Stock Analysis on WNS
WNS Trading Down 0.0 %
Shares of NYSE WNS traded down $0.03 during trading hours on Monday, hitting $63.71. 250,149 shares of the company traded hands, compared to its average volume of 261,560. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.83 and a beta of 1.18. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average price is $59.67 and its 200 day moving average price is $65.68. WNS has a 12 month low of $51.84 and a 12 month high of $94.96.
WNS (NYSE:WNS – Get Free Report) last released its earnings results on Thursday, October 19th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.06. The firm had revenue of $325.00 million for the quarter, compared to the consensus estimate of $324.74 million. WNS had a return on equity of 21.56% and a net margin of 12.40%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS. On average, equities research analysts anticipate that WNS will post 3.31 earnings per share for the current fiscal year.
Institutional Investors Weigh In On WNS
A number of hedge funds have recently made changes to their positions in WNS. Baillie Gifford & Co. purchased a new stake in shares of WNS during the 2nd quarter worth $46,018,000. JPMorgan Chase & Co. lifted its stake in shares of WNS by 64.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,490,401 shares of the business services provider’s stock worth $109,872,000 after purchasing an additional 586,694 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in shares of WNS by 86.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 741,793 shares of the business services provider’s stock worth $50,783,000 after purchasing an additional 342,922 shares during the last quarter. Ameriprise Financial Inc. increased its position in WNS by 802.5% during the 1st quarter. Ameriprise Financial Inc. now owns 375,120 shares of the business services provider’s stock valued at $34,950,000 after buying an additional 333,555 shares in the last quarter. Finally, DF Dent & Co. Inc. increased its position in WNS by 30.2% during the 1st quarter. DF Dent & Co. Inc. now owns 1,208,639 shares of the business services provider’s stock valued at $112,609,000 after buying an additional 280,175 shares in the last quarter. 99.49% of the stock is currently owned by hedge funds and other institutional investors.
About WNS (Get Free Report)
WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through two segments, WNS Global BPM and WNS Auto Claims BPM. It offers industry-specific services to clients primarily in insurance; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure; healthcare; utilities; shipping and logistics; Hi-tech and professional services; and banking and financial services.
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Original: MarketBeat News Feed: StockNews.com Lowers WNS (NYSE:WNS) to Hold