WNS (NYSE:WNS) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

WNS (NYSE:WNS) had its price objective hoisted by Needham & Company LLC from $65.00 to $70.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s price objective points to a potential upside of 19.05% from the stock’s current price.

A number of other research analysts have also weighed in on WNS. StockNews.com raised shares of WNS from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. Robert W. Baird lifted their price target on WNS from $58.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group lowered their price objective on WNS from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.63.

WNS Stock Down 1.5 %

Shares of WNS traded down $0.92 during trading hours on Tuesday, hitting $58.80. The stock had a trading volume of 139,730 shares, compared to its average volume of 494,500. The firm has a 50 day simple moving average of $54.65 and a 200-day simple moving average of $52.59. WNS has a 1-year low of $39.85 and a 1-year high of $65.03. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a market capitalization of $2.72 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 2.10 and a beta of 1.22.

WNS (NYSE:WNS) last released its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.15). WNS had a net margin of 10.03% and a return on equity of 22.25%. Sell-side analysts predict that WNS will post 3.8 EPS for the current fiscal year.

Hedge Funds Weigh In On WNS

Several institutional investors have recently modified their holdings of WNS. MetLife Investment Management LLC lifted its holdings in WNS by 0.7% during the fourth quarter. MetLife Investment Management LLC now owns 25,575 shares of the business services provider’s stock worth $1,212,000 after acquiring an additional 187 shares during the period. Inspire Advisors LLC raised its stake in shares of WNS by 4.0% during the 4th quarter. Inspire Advisors LLC now owns 12,836 shares of the business services provider’s stock worth $608,000 after purchasing an additional 493 shares during the period. LPL Financial LLC boosted its holdings in shares of WNS by 3.9% in the 4th quarter. LPL Financial LLC now owns 13,770 shares of the business services provider’s stock worth $653,000 after buying an additional 514 shares during the last quarter. Aurora Investment Counsel grew its position in WNS by 1.8% during the third quarter. Aurora Investment Counsel now owns 35,137 shares of the business services provider’s stock valued at $1,852,000 after buying an additional 618 shares during the period. Finally, Mount Yale Investment Advisors LLC increased its holdings in WNS by 18.1% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,261 shares of the business services provider’s stock worth $249,000 after buying an additional 805 shares during the last quarter. 97.36% of the stock is owned by institutional investors.

About WNS

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.