Needham & Company LLC Trims WNS (NYSE:WNS) Target Price to $60.00

WNS (NYSE:WNS) had its target price cut by Needham & Company LLC from $80.00 to $60.00 in a report released on Thursday, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

WNS has been the subject of several other reports. Barrington Research reaffirmed an outperform rating and set a $72.00 target price on shares of WNS in a report on Monday, April 15th. Citigroup lowered their target price on WNS from $80.00 to $62.00 and set a buy rating for the company in a report on Monday, April 22nd. Finally, StockNews.com lowered WNS from a buy rating to a hold rating in a report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $72.44.

WNS Stock Down 4.4 %

Shares of WNS stock opened at $40.17 on Thursday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.92 billion, a P/E ratio of 14.19 and a beta of 1.04. WNS has a fifty-two week low of $39.85 and a fifty-two week high of $91.88. The business has a 50-day moving average price of $52.78 and a 200 day moving average price of $58.49.

WNS (NYSE:WNS) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.11. The firm had revenue of $325.90 million during the quarter, compared to analyst estimates of $322.92 million. WNS had a return on equity of 21.99% and a net margin of 10.59%. On average, sell-side analysts forecast that WNS will post 3.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WNS

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates lifted its position in WNS by 4.6% in the third quarter. Raymond James & Associates now owns 11,138 shares of the business services provider’s stock worth $763,000 after purchasing an additional 494 shares during the period. Bank of New York Mellon Corp lifted its position in WNS by 1.8% in the third quarter. Bank of New York Mellon Corp now owns 30,356 shares of the business services provider’s stock worth $2,078,000 after purchasing an additional 532 shares during the period. Verdence Capital Advisors LLC lifted its position in WNS by 6.2% in the third quarter. Verdence Capital Advisors LLC now owns 10,465 shares of the business services provider’s stock worth $716,000 after purchasing an additional 615 shares during the period. Advisor Partners II LLC acquired a new stake in WNS in the third quarter worth approximately $446,000. Finally, Osborne Partners Capital Management LLC acquired a new stake in WNS in the third quarter worth approximately $5,081,000. 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 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.