WNS (Holdings) Ltd. (WNS) Downgraded by Zacks Investment Research
WNS (Holdings) Ltd. (NYSE:WNS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “WNS HOLDINGS is a recognized leader in business process outsourcing.Their proposition is simple: They deliver value to their clients by bringing operational excellence and deep industry and functional knowledge to their critical business processes. They serve several industries, including travel, insurance, financial services, healthcare, professional services, manufacturing, distribution and retail. They also provide essential corporate functions, such as finance and accounting, human resources research and analytics. “
WNS has been the topic of several other research reports. Robert W. Baird upgraded shares of WNS (Holdings) from a “neutral” rating to an “outperform” rating and set a $35.00 price target on the stock in a research note on Tuesday, July 5th. Cowen and Company started coverage on shares of WNS (Holdings) in a research note on Wednesday, July 20th. They set a “market perform” rating on the stock. SunTrust Banks Inc. upgraded shares of WNS (Holdings) from a “neutral” rating to a “buy” rating and increased their price target for the stock from $31.00 to $36.00 in a research note on Tuesday, August 9th. JPMorgan Chase & Co. restated a “buy” rating and set a $32.00 price target on shares of WNS (Holdings) in a research note on Monday, July 18th. Finally, Needham & Company LLC restated a “buy” rating on shares of WNS (Holdings) in a research note on Sunday, July 17th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.00.
Shares of WNS (NYSE:WNS) traded up 0.98% during trading on Wednesday, hitting $27.86. 23,757 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $29.47 and its 200 day moving average is $29.60. The firm has a market capitalization of $1.42 billion, a PE ratio of 25.10 and a beta of 0.85. WNS has a 1-year low of $25.01 and a 1-year high of $34.37.
WNS (Holdings) (NYSE:WNS) last announced its quarterly earnings results on Thursday, July 14th. The company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. WNS (Holdings) had a net margin of 10.30% and a return on equity of 21.83%. The company had revenue of $148 million for the quarter, compared to analyst estimates of $135.19 million. During the same quarter in the prior year, the business posted $0.42 EPS. WNS (Holdings)’s quarterly revenue was up 10.4% on a year-over-year basis. On average, equities research analysts forecast that WNS will post $1.86 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the stock. Huntington National Bank bought a new stake in shares of WNS (Holdings) during the second quarter worth $135,000. First Mercantile Trust Co. increased its stake in shares of WNS (Holdings) by 6.6% in the third quarter. First Mercantile Trust Co. now owns 4,690 shares of the company’s stock worth $140,000 after buying an additional 290 shares during the period. 1st Global Advisors Inc. increased its stake in shares of WNS (Holdings) by 3.2% in the second quarter. 1st Global Advisors Inc. now owns 8,582 shares of the company’s stock worth $232,000 after buying an additional 265 shares during the period. Stevens Capital Management LP bought a new stake in shares of WNS (Holdings) during the second quarter worth $247,000. Finally, Lazard Asset Management LLC increased its stake in shares of WNS (Holdings) by 86.0% in the first quarter. Lazard Asset Management LLC now owns 8,529 shares of the company’s stock worth $261,000 after buying an additional 3,943 shares during the period. 88.06% of the stock is owned by hedge funds and other institutional investors.
WNS (Holdings) Company Profile
WNS (Holdings) Limited (WNS) is engaged in providing business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company operates through two business segments: WNS Global BPM and WNS Auto Claims BPM. The WNS Global BPM segment is delivered out of the Company’s delivery centers in China, Costa Rica, India, the Philippines, Poland, Romania, South Africa, Sri Lanka, the United Kingdom and the United States.
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