WNS (NYSE:WNS) Hits New 1-Year Low After Analyst Downgrade

WNS (Holdings) Limited (NYSE:WNS) shares hit a new 52-week low during trading on Thursday after Needham & Company LLC lowered their price target on the stock from $80.00 to $60.00. Needham & Company LLC currently has a buy rating on the stock. WNS traded as low as $41.04 and last traded at $43.29, with a volume of 331989 shares changing hands. The stock had previously closed at $46.86.

A number of other brokerages have also recently commented on WNS. StockNews.com cut WNS from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Barrington Research restated an “outperform” rating and issued a $72.00 price objective on shares of WNS in a report on Monday, April 15th. Finally, Citigroup decreased their price objective on WNS from $80.00 to $62.00 and set a “buy” rating for the company in a report on Monday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.63.

Institutional Trading of WNS

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of WNS by 36.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,034,729 shares of the business services provider’s stock valued at $139,298,000 after buying an additional 544,328 shares during the period. Baillie Gifford & Co. grew its stake in shares of WNS by 62.1% in the 3rd quarter. Baillie Gifford & Co. now owns 1,011,599 shares of the business services provider’s stock valued at $69,254,000 after buying an additional 387,378 shares during the period. Westfield Capital Management Co. LP grew its stake in shares of WNS by 86.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 741,793 shares of the business services provider’s stock valued at $50,783,000 after buying an additional 342,922 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of WNS by 19.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,686,152 shares of the business services provider’s stock valued at $115,434,000 after buying an additional 274,908 shares during the period. Finally, William Blair Investment Management LLC acquired a new stake in shares of WNS in the 3rd quarter valued at about $15,697,000. 97.36% of the stock is currently owned by institutional investors and hedge funds.

WNS Stock Performance

The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 13.06 and a beta of 1.04. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.82 and a current ratio of 1.82. The company has a 50 day moving average price of $53.52 and a 200 day moving average price of $58.88.

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.