WNS (NYSE:WNS) Price Target Cut to $62.00 by Analysts at Citigroup

WNS (NYSE:WNS) had its target price lowered by analysts at Citigroup from $80.00 to $62.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Citigroup’s price target points to a potential upside of 27.31% from the stock’s current price.

A number of other research firms have also recently commented on WNS. StockNews.com cut WNS from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Needham & Company LLC restated a “buy” rating and issued a $80.00 price objective on shares of WNS in a report on Friday, March 1st. Finally, Barrington Research reissued an “outperform” rating and set a $72.00 price target on shares of WNS in a research report on Monday, April 15th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, WNS has an average rating of “Moderate Buy” and an average price target of $84.13.

WNS Trading Up 1.7 %

WNS stock opened at $48.70 on Monday. The stock has a market cap of $2.33 billion, a P/E ratio of 14.80 and a beta of 1.04. WNS has a fifty-two week low of $45.09 and a fifty-two week high of $91.97. The firm’s fifty day moving average price is $53.75 and its 200-day moving average price is $58.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.82 and a current ratio of 1.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Lindbrook Capital LLC lifted its stake in shares of WNS by 33.0% during the 4th quarter. Lindbrook Capital LLC now owns 754 shares of the business services provider’s stock valued at $48,000 after buying an additional 187 shares in the last quarter. CWM LLC boosted its holdings in shares of WNS by 490.6% during the 4th quarter. CWM LLC now owns 756 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 628 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of WNS by 30.4% during the 4th quarter. Parallel Advisors LLC now owns 841 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 196 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of WNS during the 4th quarter valued at about $64,000. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of WNS by 32.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,517 shares of the business services provider’s stock valued at $77,000 after acquiring an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

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.