WNS (NYSE:WNS) Price Target Cut to $51.00

WNS (NYSE:WNS) had its price objective cut by stock analysts at Deutsche Bank Aktiengesellschaft from $55.00 to $51.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the business services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 4.10% from the company’s previous close.

WNS has been the topic of a number of other research reports. Needham & Company LLC increased their price target on WNS from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. raised their target price on WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Finally, Barrington Research restated an “outperform” rating and issued a $70.00 target price on shares of WNS in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.00.

WNS Stock Down 2.1 %

WNS stock opened at $48.99 on Thursday. The firm has a market cap of $2.34 billion and a price-to-earnings ratio of 17.31. WNS has a 52 week low of $39.85 and a 52 week high of $74.54. The business’s 50-day moving average price is $56.54 and its 200 day moving average price is $52.97. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.23.

WNS (NYSE:WNS) last issued its quarterly earnings results on Thursday, July 18th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $312.40 million for the quarter, compared to the consensus estimate of $310.49 million. WNS had a return on equity of 22.05% and a net margin of 10.52%. WNS’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 earnings per share. As a group, sell-side analysts anticipate that WNS will post 3.72 earnings per share for the current year.

Institutional Investors Weigh In On WNS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WNS. Aurora Investment Counsel grew its stake in shares of WNS by 17.9% in the second quarter. Aurora Investment Counsel now owns 34,519 shares of the business services provider’s stock valued at $1,812,000 after buying an additional 5,229 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of WNS in the second quarter valued at $876,000. Employees Retirement System of Texas grew its stake in shares of WNS by 33.7% in the second quarter. Employees Retirement System of Texas now owns 12,596 shares of the business services provider’s stock valued at $661,000 after buying an additional 3,172 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of WNS in the second quarter valued at $922,000. Finally, 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. Institutional investors and hedge funds own 97.36% of the company’s stock.

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.