StockNews.com Upgrades WNS (NYSE:WNS) to Buy

WNS (NYSE:WNS) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Other equities analysts have also issued research reports about the company. Barrington Research restated an “outperform” rating and set a $70.00 price target on shares of WNS in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of WNS from $55.00 to $51.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Citigroup set a $55.00 price objective on shares of WNS in a research note on Thursday, October 17th. Needham & Company LLC boosted their price objective on shares of WNS from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, TD Cowen cut WNS from a “buy” rating to a “hold” rating and dropped their target price for the company from $64.00 to $53.00 in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $61.00.

WNS Trading Up 2.5 %

Shares of WNS traded up $1.52 during trading hours on Friday, reaching $62.22. 938,023 shares of the company traded hands, compared to its average volume of 558,108. The firm has a market cap of $2.97 billion, a price-to-earnings 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 stock’s fifty day moving average price is $48.65 and its 200 day moving average price is $52.31. 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 issued its earnings results on Thursday, January 23rd. The business services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.15). WNS had a return on equity of 22.76% and a net margin of 9.39%. Sell-side analysts forecast that WNS will post 3.52 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WNS. EverSource Wealth Advisors LLC lifted its stake in shares of 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 buying an additional 364 shares during the period. Financial Management Professionals Inc. purchased a new position in WNS in the 3rd quarter worth $46,000. Amalgamated Bank acquired a new stake in WNS during the 2nd quarter worth about $84,000. GAMMA Investing LLC grew its stake 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 purchasing an additional 1,506 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of WNS by 1,151.2% in the third quarter. Blue Trust Inc. now owns 2,665 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 2,452 shares during the period. 97.36% of the stock is owned by institutional investors and hedge funds.

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.