Needham & Company LLC Trims WNS (NYSE:WNS) Target Price to $60.00

WNS (NYSE:WNS) had its price objective decreased by Needham & Company LLC from $80.00 to $60.00 in a report published on Thursday, Benzinga reports. Needham & Company LLC currently has a buy rating on the business services provider’s stock.

A number of other equities analysts have also recently issued reports on WNS. StockNews.com cut shares of WNS from a buy rating to a hold rating in a research note on Tuesday, April 2nd. Barrington Research reaffirmed an outperform rating and issued a $72.00 price objective on shares of WNS in a research note on Monday, April 15th. Finally, Citigroup reduced their price objective on shares of WNS from $80.00 to $62.00 and set a buy rating on the stock in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, WNS has a consensus rating of Moderate Buy and an average price target of $72.44.

WNS Stock Performance

Shares of WNS stock opened at $40.17 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.82 and a quick ratio of 1.82. The firm has a market cap of $1.92 billion, a P/E ratio of 14.19 and a beta of 1.04. The firm has a 50 day simple moving average of $52.78 and a 200 day simple moving average of $58.49. WNS has a fifty-two week low of $39.85 and a fifty-two week high of $91.88.

WNS (NYSE:WNS) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. WNS had a net margin of 10.59% and a return on equity of 21.99%. The firm had revenue of $325.90 million for the quarter, compared to analysts’ expectations of $322.92 million. Sell-side analysts predict that WNS will post 3.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WNS

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Alliance Wealth Advisors LLC UT boosted its position in shares of WNS by 3.4% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 5,563 shares of the business services provider’s stock worth $352,000 after purchasing an additional 185 shares in the last quarter. 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. 1492 Capital Management LLC lifted its position in WNS by 1.1% in the 4th quarter. 1492 Capital Management LLC now owns 18,556 shares of the business services provider’s stock valued at $1,173,000 after acquiring an additional 196 shares in the last quarter. Parallel Advisors LLC lifted its position in WNS by 30.4% in the 4th quarter. Parallel Advisors LLC now owns 841 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 196 shares in the last quarter. Finally, DGS Capital Management LLC lifted its position in WNS by 6.3% in the 4th quarter. DGS Capital Management LLC now owns 3,405 shares of the business services provider’s stock valued at $215,000 after acquiring an additional 203 shares in 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 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.