WNS (NYSE:WNS) Price Target Lowered to $64.00 at TD Cowen

WNS (NYSE:WNS) had its price target reduced by equities researchers at TD Cowen from $70.00 to $64.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. TD Cowen’s target price points to a potential upside of 58.02% from the company’s current price.

Several other research firms also recently commented on WNS. Citigroup decreased their target price on shares of WNS from $80.00 to $62.00 and set a “buy” rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft cut shares of WNS from a “buy” rating to a “hold” rating and lowered their target price for the stock from $64.00 to $44.00 in a research note on Friday. Barrington Research restated an “outperform” rating and set a $72.00 price objective on shares of WNS in a research report on Monday, April 15th. StockNews.com lowered shares of WNS from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Finally, Needham & Company LLC dropped their target price on shares of WNS from $80.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.44.

WNS Stock Down 3.6 %

Shares of NYSE WNS traded down $1.50 during trading on Friday, hitting $40.50. 476,041 shares of the company traded hands, compared to its average volume of 399,915. 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 business’s fifty day moving average is $53.17 and its 200 day moving average is $58.77. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 12.36 and a beta of 1.04. WNS has a fifty-two week low of $40.06 and a fifty-two week high of $91.88.

WNS (NYSE:WNS) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.85 by $0.11. The company had revenue of $325.90 million during the quarter, compared to the consensus estimate of $322.92 million. WNS had a net margin of 12.59% and a return on equity of 21.71%. Equities research analysts predict that WNS will post 3.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Lindbrook Capital LLC grew its stake in shares of WNS by 33.0% in the fourth quarter. Lindbrook Capital LLC now owns 754 shares of the business services provider’s stock worth $48,000 after acquiring an additional 187 shares during the period. CWM LLC boosted its position in shares of WNS by 490.6% in the fourth quarter. CWM LLC now owns 756 shares of the business services provider’s stock worth $48,000 after purchasing an additional 628 shares during the period. Parallel Advisors LLC lifted its holdings in shares of WNS by 30.4% in the fourth quarter. Parallel Advisors LLC now owns 841 shares of the business services provider’s stock worth $53,000 after buying an additional 196 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of WNS in the fourth quarter worth $64,000. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of WNS by 32.0% in the first quarter. Harbor Investment Advisory LLC now owns 1,517 shares of the business services provider’s stock worth $77,000 after buying an additional 368 shares in the last quarter. 97.36% of the stock is 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.