WNS (NYSE:WNS) Sets New 12-Month High After Analyst Upgrade

WNS (Holdings) Limited (NYSE:WNS)’s stock price reached a new 52-week high during trading on Thursday after Barrington Research raised their price target on the stock from $63.00 to $75.00. Barrington Research currently has an outperform rating on the stock. WNS traded as high as $65.26 and last traded at $64.64, with a volume of 57647 shares trading hands. The stock had previously closed at $63.36.

A number of other research analysts have also commented on WNS. StockNews.com upgraded shares of WNS from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. Needham & Company LLC upped their target price on WNS from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. Robert W. Baird lifted their price target on WNS from $58.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, Jefferies Financial Group decreased their price objective on WNS from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, WNS currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.25.

Hedge Funds Weigh In On WNS

A number of hedge funds have recently added to or reduced their stakes in the stock. Hhlr Advisors LTD. acquired a new stake in shares of WNS during the 4th quarter worth $72,576,000. Thrivent Financial for Lutherans grew its stake in WNS by 26.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,483,569 shares of the business services provider’s stock worth $70,307,000 after buying an additional 312,519 shares in the last quarter. Mesirow Institutional Investment Management Inc. bought a new position in WNS in the 4th quarter valued at about $14,181,000. State Street Corp raised its position in shares of WNS by 40.5% in the 3rd quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock valued at $39,182,000 after buying an additional 214,417 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of WNS during the 4th quarter worth approximately $7,813,000. Institutional investors own 97.36% of the company’s stock.

WNS Price Performance

The company’s 50-day moving average is $59.34 and its 200-day moving average is $53.04. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.10 and a beta of 1.22. 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 (NYSE:WNS) last issued its earnings results on Thursday, January 23rd. The business services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.15). WNS had a net margin of 10.03% and a return on equity of 22.25%. Equities research analysts predict that WNS will post 3.8 earnings per share for the current year.

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.