Citigroup Cuts WNS (NYSE:WNS) Price Target to $62.00

WNS (NYSE:WNS) had its price target reduced by Citigroup from $80.00 to $62.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Several other brokerages also recently issued reports on WNS. Barrington Research restated an outperform rating and issued a $72.00 price objective on shares of WNS in a research report on Monday, April 15th. StockNews.com cut shares of WNS from a buy rating to a hold rating in a research note on Tuesday, April 2nd. Finally, Needham & Company LLC reissued a buy rating and issued a $80.00 price objective on shares of WNS in a research report on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $84.13.

WNS Trading Down 3.8 %

Shares of WNS opened at $46.86 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.82 and a quick ratio of 1.82. WNS has a 1-year low of $45.09 and a 1-year high of $91.88. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 14.24 and a beta of 1.04. The firm has a 50 day simple moving average of $53.52 and a 200-day simple moving average of $58.88.

Institutional Investors Weigh In On WNS

Institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc purchased a new stake in shares of WNS during the 3rd quarter valued at $361,000. Stanley Laman Group Ltd. purchased a new stake in WNS during the third quarter valued at about $685,000. Raymond James & Associates increased its stake in WNS by 4.6% during the third quarter. Raymond James & Associates now owns 11,138 shares of the business services provider’s stock worth $763,000 after acquiring an additional 494 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of WNS by 1.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 30,356 shares of the business services provider’s stock worth $2,078,000 after purchasing an additional 532 shares during the period. Finally, Verdence Capital Advisors LLC lifted its stake in shares of WNS by 6.2% in the 3rd quarter. Verdence Capital Advisors LLC now owns 10,465 shares of the business services provider’s stock valued at $716,000 after purchasing an additional 615 shares in the last quarter. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

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 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.