WNS (NYSE:WNS) PT Lowered to $60.00 at Needham & Company LLC

WNS (NYSE:WNS) had its target price lowered by Needham & Company LLC from $80.00 to $60.00 in a research note issued to investors on Thursday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the business services provider’s stock.

A number of other brokerages have also recently weighed in on WNS. Citigroup decreased their price target on shares of WNS from $80.00 to $62.00 and set a buy rating for the company in a research note on Monday, April 22nd. StockNews.com cut shares of WNS from a buy rating to a hold rating in a research note on Tuesday, April 2nd. Finally, Barrington Research reiterated an outperform rating and set a $72.00 price target on shares of WNS in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $72.44.

WNS Trading Down 4.4 %

NYSE WNS opened at $40.17 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.82 and a quick ratio of 1.82. The firm’s fifty day moving average price is $52.78 and its 200 day moving average price is $58.41. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 14.19 and a beta of 1.04. WNS has a 12 month low of $39.85 and a 12 month 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, beating analysts’ consensus estimates of $0.85 by $0.11. The firm had revenue of $325.90 million for the quarter, compared to the consensus estimate of $322.92 million. WNS had a net margin of 10.59% and a return on equity of 21.99%. On average, sell-side analysts expect that WNS will post 3.69 earnings per share for the current fiscal year.

Institutional Trading of WNS

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of WNS by 36.5% in the third quarter. JPMorgan Chase & Co. now owns 2,034,729 shares of the business services provider’s stock valued at $139,298,000 after purchasing an additional 544,328 shares during the period. Baillie Gifford & Co. lifted its stake in shares of WNS by 62.1% in the third quarter. Baillie Gifford & Co. now owns 1,011,599 shares of the business services provider’s stock valued at $69,254,000 after purchasing an additional 387,378 shares during the period. Westfield Capital Management Co. LP lifted its stake in shares of WNS by 86.0% in the third quarter. Westfield Capital Management Co. LP now owns 741,793 shares of the business services provider’s stock valued at $50,783,000 after purchasing an additional 342,922 shares during the period. Artisan Partners Limited Partnership lifted its stake in shares of WNS by 19.5% in the third quarter. Artisan Partners Limited Partnership now owns 1,686,152 shares of the business services provider’s stock valued at $115,434,000 after purchasing an additional 274,908 shares during the period. Finally, William Blair Investment Management LLC acquired a new stake in shares of WNS in the third quarter valued at about $15,697,000. Institutional investors and hedge funds own 97.36% of the company’s stock.

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.