WNS (NYSE:WNS) Price Target Raised to $70.00 at Needham & Company LLC

WNS (NYSE:WNS) had its price target boosted by Needham & Company LLC from $65.00 to $70.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s price target points to a potential upside of 19.36% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Robert W. Baird boosted 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. Jefferies Financial Group dropped their target price on shares of WNS from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Finally, StockNews.com raised shares of WNS from a “hold” rating to a “buy” rating in a report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.63.

WNS Stock Down 0.8 %

Shares of WNS opened at $58.65 on Tuesday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.19. WNS has a 12 month low of $39.85 and a 12 month high of $65.03. The firm’s 50 day moving average is $55.11 and its 200-day moving average is $52.61. The stock has a market capitalization of $2.71 billion, a PE ratio of 20.51, a P/E/G ratio of 2.10 and a beta of 1.22.

WNS (NYSE:WNS) last posted its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.15). WNS had a return on equity of 22.25% and a net margin of 10.03%. Equities research analysts forecast that WNS will post 3.8 EPS for the current year.

Hedge Funds Weigh In On WNS

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. bought a new position in shares of WNS in the 4th quarter valued at $53,000. Blue Trust Inc. increased its holdings in WNS by 65.0% in the 4th quarter. Blue Trust Inc. now owns 4,397 shares of the business services provider’s stock worth $208,000 after purchasing an additional 1,732 shares in the last quarter. Pictet Asset Management Holding SA bought a new position in WNS in the fourth quarter valued at about $213,000. Cetera Investment Advisers boosted its stake in shares of WNS by 35.0% during the fourth quarter. Cetera Investment Advisers now owns 5,134 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 1,331 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC grew its holdings in shares of 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 purchasing an additional 805 shares during the last quarter. Institutional investors own 97.36% of the company’s stock.

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 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.