WNS (NYSE:WNS) Stock Price Expected to Rise, Robert W. Baird Analyst Says

WNS (NYSE:WNS) had its price target raised by stock analysts at Robert W. Baird from $58.00 to $66.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price objective indicates a potential upside of 8.47% from the company’s current price.

A number of other brokerages also recently weighed in on WNS. TD Cowen downgraded shares of WNS from a “buy” rating to a “hold” rating and reduced their price target for the company from $64.00 to $53.00 in a report on Thursday, October 17th. Barrington Research reiterated an “outperform” rating and issued a $70.00 target price on shares of WNS in a research note on Friday, October 18th. Needham & Company LLC lifted their target price on WNS from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group cut their price target on WNS from $60.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $61.00.

WNS Stock Up 22.9 %

WNS stock opened at $60.84 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The company has a 50-day moving average of $48.45 and a two-hundred day moving average of $52.25. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 2.00 and a beta of 1.16. WNS has a 52-week low of $39.85 and a 52-week high of $72.40.

WNS (NYSE:WNS) last released its earnings results on Thursday, January 23rd. The business services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.15). WNS had a net margin of 9.39% and a return on equity of 22.76%. As a group, equities research analysts anticipate that WNS will post 3.52 EPS for the current year.

Institutional Trading of WNS

A number of hedge funds and other institutional investors have recently made changes to their positions in WNS. Amalgamated Bank bought a new position in WNS in the second quarter valued at approximately $84,000. EverSource Wealth Advisors LLC grew its stake in shares of WNS by 228.9% in the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock valued at $27,000 after buying an additional 364 shares in the last quarter. Bank of Montreal Can acquired a new position in WNS during the second quarter worth $922,000. Employees Retirement System of Texas raised its position in WNS by 33.7% during the second quarter. Employees Retirement System of Texas now owns 12,596 shares of the business services provider’s stock worth $661,000 after acquiring an additional 3,172 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in WNS in the second quarter valued at $876,000. 97.36% of the stock is currently owned by institutional investors and hedge funds.

About WNS

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through TSLU, MRHP, HCLS, and BFSI segments. It engages in diversified business, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure, utilities, shipping, and logistics; healthcare and life sciences; banking, financial services, and insurance; and Hi-tech and professional services, as well as procurement.