WNS (NYSE:WNS) Reaches New 52-Week Low After Analyst Downgrade

WNS (Holdings) Limited (NYSE:WNS)’s share price hit a new 52-week low on Thursday after TD Cowen lowered their price target on the stock from $70.00 to $64.00. TD Cowen currently has a buy rating on the stock. WNS traded as low as $41.04 and last traded at $43.29, with a volume of 331989 shares. The stock had previously closed at $46.86.

Several other research firms have also issued reports on WNS. Citigroup dropped their target price on shares of WNS from $80.00 to $62.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Needham & Company LLC cut their target price on WNS from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday. Barrington Research reaffirmed an “outperform” rating and set a $72.00 target price on shares of WNS in a research note on Monday, April 15th. StockNews.com lowered WNS from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of WNS from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $64.00 to $44.00 in a research report on Friday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.44.

Institutional Trading of WNS

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC lifted its position in WNS by 33.0% in the 4th quarter. Lindbrook Capital LLC now owns 754 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 187 shares in the last quarter. CWM LLC lifted its holdings in shares of WNS by 490.6% in the fourth quarter. CWM LLC now owns 756 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 628 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of WNS by 30.4% during the fourth quarter. Parallel Advisors LLC now owns 841 shares of the business services provider’s stock valued at $53,000 after buying an additional 196 shares during the last quarter. GAMMA Investing LLC bought a new stake in WNS during the fourth quarter worth $64,000. Finally, Van ECK Associates Corp raised its position in WNS by 41.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,293 shares of the business services provider’s stock valued at $89,000 after buying an additional 376 shares during the last quarter. Institutional investors own 97.36% of the company’s stock.

WNS Trading Down 4.6 %

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market capitalization of $1.92 billion, a P/E ratio of 12.18 and a beta of 1.04. The firm has a 50 day simple moving average of $52.78 and a two-hundred day simple moving average of $58.57.

WNS (NYSE:WNS) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.85 by $0.11. WNS had a net margin of 12.59% and a return on equity of 21.71%. The company had revenue of $325.90 million during the quarter, compared to the consensus estimate of $322.92 million. Equities research analysts forecast that WNS will post 3.44 earnings per share for the current year.

About WNS

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.