WNS (NYSE:WNS) had its price objective hoisted by Maxim Group from $42.00 to $56.00 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the business services provider’s stock. Maxim Group’s target price points to a potential upside of 27.04% from the company’s current price.

A number of other research firms have also weighed in on WNS. Zacks Investment Research raised shares of WNS from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Thursday, November 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $46.00 target price on shares of WNS in a report on Thursday, December 21st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $42.00 target price on shares of WNS in a report on Friday, January 5th. Needham & Company LLC reaffirmed a “strong-buy” rating and set a $46.00 target price (up previously from $42.00) on shares of WNS in a report on Sunday, October 29th. Finally, Cowen reaffirmed a “buy” rating and set a $42.00 target price on shares of WNS in a report on Thursday, October 12th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $46.85.

WNS (WNS) traded down $1.20 during trading on Thursday, reaching $44.08. 313,415 shares of the company were exchanged, compared to its average volume of 220,380. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.18. The company has a market cap of $2,280.64, a price-to-earnings ratio of 26.33, a PEG ratio of 1.98 and a beta of 1.02. WNS has a twelve month low of $27.43 and a twelve month high of $46.00.

WNS (NYSE:WNS) last posted its earnings results on Thursday, January 18th. The business services provider reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.06. The business had revenue of $185.20 million for the quarter, compared to analyst estimates of $175.85 million. WNS had a net margin of 7.96% and a return on equity of 20.71%. WNS’s revenue was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 EPS. research analysts anticipate that WNS will post 1.59 earnings per share for the current year.

WNS declared that its Board of Directors has approved a share buyback program on Thursday, January 18th that authorizes the company to repurchase 3,300,000 outstanding shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Several large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in shares of WNS by 6.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,360 shares of the business services provider’s stock worth $288,000 after buying an additional 500 shares during the last quarter. OxFORD Asset Management LLP increased its holdings in shares of WNS by 2.3% in the 2nd quarter. OxFORD Asset Management LLP now owns 100,566 shares of the business services provider’s stock worth $3,455,000 after buying an additional 2,266 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of WNS by 2.9% in the 2nd quarter. California Public Employees Retirement System now owns 106,600 shares of the business services provider’s stock worth $3,663,000 after buying an additional 3,000 shares during the last quarter. Lenox Wealth Management Inc. increased its holdings in shares of WNS by 30.2% in the 3rd quarter. Lenox Wealth Management Inc. now owns 17,606 shares of the business services provider’s stock worth $642,000 after buying an additional 4,088 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of WNS by 31.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 19,134 shares of the business services provider’s stock worth $698,000 after buying an additional 4,584 shares during the last quarter. 85.95% of the stock is currently owned by hedge funds and other institutional investors.

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WNS Company Profile

WNS (Holdings) Limited is a global provider of business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company’s segments include WNS Global BPM and WNS Auto Claims BPM. Its operating segments include travel, insurance, banking and financial services, healthcare, utilities, retail and consumer products groups, auto claims and others.

Analyst Recommendations for WNS (NYSE:WNS)

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