Robert W. Baird downgraded shares of WNS (NYSE:WNS) from an outperform rating to a neutral rating in a research report released on Friday, January 19th.
Several other equities analysts have also weighed in on WNS. Citigroup reiterated a buy rating and issued a $50.00 target price (up from $43.00) on shares of WNS in a report on Thursday, January 18th. Maxim Group boosted their target price on shares of WNS from $42.00 to $56.00 and gave the company a buy rating in a report on Thursday, January 18th. Needham & Company LLC upped their price objective on shares of WNS from $46.00 to $52.00 and gave the stock a strong-buy rating in a report on Friday, December 1st. ValuEngine lowered shares of WNS from a buy rating to a hold rating in a report on Thursday, December 7th. Finally, Cantor Fitzgerald restated a buy rating and issued a $42.00 price objective on shares of WNS in a report on Friday, January 5th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $47.62.
WNS (NYSE:WNS) traded up $0.03 during mid-day trading on Friday, hitting $41.82. 153,977 shares of the stock were exchanged, compared to its average volume of 265,406. The stock has a market capitalization of $2,120.00, a PE ratio of 38.37, a P/E/G ratio of 1.82 and a beta of 0.92. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.16. WNS has a twelve month low of $27.43 and a twelve month high of $46.00.
WNS (NYSE:WNS) last announced its quarterly earnings data on Thursday, January 18th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.06. WNS had a net margin of 7.96% and a return on equity of 20.19%. The company had revenue of $185.20 million during the quarter, compared to analysts’ expectations of $175.85 million. During the same quarter in the prior year, the company earned $0.49 EPS. WNS’s revenue was up 32.5% compared to the same quarter last year. equities research analysts expect that WNS will post 1.68 earnings per share for the current year.
WNS declared that its Board of Directors has initiated a stock buyback program on Thursday, January 18th that allows the company to buyback 3,300,000 outstanding shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
A number of institutional investors have recently modified their holdings of WNS. OLD National Bancorp IN purchased a new position in WNS during the 3rd quarter worth $202,000. Trexquant Investment LP acquired a new stake in shares of WNS in the 3rd quarter worth $210,000. 1st Global Advisors Inc. acquired a new stake in shares of WNS in the 2nd quarter worth $223,000. Advisor Group Inc. lifted its stake in shares of WNS by 731.2% in the 3rd quarter. Advisor Group Inc. now owns 6,417 shares of the business services provider’s stock worth $234,000 after acquiring an additional 5,645 shares during the period. Finally, BT Investment Management Ltd acquired a new stake in shares of WNS in the 3rd quarter worth $287,000. 85.90% of the stock is currently owned by institutional investors.
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WNS Company Profile
WNS (Holdings) Limited is a global provider of business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company’s segments include WNS Global BPM and WNS Auto Claims BPM. Its operating segments include travel, insurance, banking and financial services, healthcare, utilities, retail and consumer products groups, auto claims and others.
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