WNS (NYSE:WNS) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of WNS (NYSE:WNS) in a research report released on Monday morning, Benzinga reports. Needham & Company LLC currently has a $115.00 target price on the business services provider’s stock.

A number of other brokerages have also commented on WNS. StockNews.com assumed coverage on shares of WNS in a research report on Thursday, August 17th. They set a hold rating for the company. JPMorgan Chase & Co. dropped their price target on WNS from $104.00 to $87.00 and set an overweight rating on the stock in a research report on Friday, July 21st. Barrington Research dropped their price target on WNS from $108.00 to $88.00 and set an outperform rating on the stock in a research report on Friday, July 21st. Citigroup dropped their price target on WNS from $104.00 to $95.00 and set a buy rating on the stock in a research report on Friday, July 21st. Finally, Bank of America lowered their price objective on shares of WNS from $105.00 to $95.00 in a research report on Friday, July 21st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $100.00.

WNS Price Performance

Shares of WNS opened at $65.50 on Monday. The firm has a market cap of $3.10 billion, a PE ratio of 24.53, a PEG ratio of 1.49 and a beta of 1.15. The firm’s 50 day moving average price is $66.86 and its 200 day moving average price is $76.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.40 and a current ratio of 1.40. WNS has a twelve month low of $60.79 and a twelve month high of $94.96.

WNS (NYSE:WNS) last posted its earnings results on Thursday, July 20th. The business services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.08. WNS had a return on equity of 21.61% and a net margin of 10.71%. The company had revenue of $317.50 million for the quarter, compared to analyst estimates of $304.58 million. During the same period last year, the company earned $0.70 earnings per share. The business’s revenue was up 15.5% compared to the same quarter last year. As a group, research analysts expect that WNS will post 3.45 EPS for the current fiscal year.

Institutional Trading of WNS

Institutional investors have recently added to or reduced their stakes in the company. 1832 Asset Management L.P. acquired a new stake in WNS in the 4th quarter worth about $40,000. Parallel Advisors LLC increased its stake in WNS by 46.2% during the 1st quarter. Parallel Advisors LLC now owns 522 shares of the business services provider’s stock worth $49,000 after acquiring an additional 165 shares during the period. Pathstone Family Office LLC bought a new position in WNS during the 4th quarter worth $261,000. SRS Capital Advisors Inc. bought a new position in WNS during the 1st quarter worth $53,000. Finally, Tower Research Capital LLC TRC increased its stake in WNS by 83.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 741 shares of the business services provider’s stock worth $69,000 after acquiring an additional 338 shares during the period. 99.49% of the stock is currently 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.