WNS (NYSE:WNS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage currently has a $50.00 price target on the business services provider’s stock. Zacks Investment Research‘s target price suggests a potential upside of 9.91% from the company’s current price.
According to Zacks, “WNS HOLDINGS is a recognized leader in business process outsourcing.Their proposition is simple: They deliver value to their clients by bringing operational excellence and deep industry and functional knowledge to their critical business processes. They serve several industries, including travel, insurance, financial services, healthcare, professional services, manufacturing, distribution and retail. They also provide essential corporate functions, such as finance and accounting, human resources research and analytics. “
A number of other brokerages have also issued reports on WNS. Barrington Research boosted their target price on WNS from $44.00 to $53.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Robert W. Baird lowered WNS from an “outperform” rating to a “neutral” rating in a research report on Friday, January 19th. SunTrust Banks boosted their target price on WNS to $50.00 and gave the company a “buy” rating in a research report on Friday, January 19th. Loop Capital boosted their target price on WNS to $50.00 and gave the company a “buy” rating in a research report on Friday, January 19th. Finally, ValuEngine lowered WNS from a “buy” rating to a “hold” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $48.23.
Shares of WNS (NYSE WNS) opened at $45.49 on Thursday. The stock has a market capitalization of $2,290.00, a P/E ratio of 41.73, a price-to-earnings-growth ratio of 1.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.54 and a quick ratio of 2.54. WNS has a 12-month low of $27.43 and a 12-month high of $46.21.
WNS (NYSE:WNS) last announced its earnings results on Thursday, January 18th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The company had revenue of $185.20 million for the quarter, compared to analyst estimates of $175.85 million. WNS had a return on equity of 20.19% and a net margin of 7.96%. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 earnings per share. equities research analysts expect that WNS will post 1.73 EPS for the current year.
WNS declared that its board has approved a stock buyback program on Thursday, January 18th that allows the company to repurchase 3,300,000 shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
Large investors have recently bought and sold shares of the business. Castleark Management LLC acquired a new position in shares of WNS in the fourth quarter worth $217,000. Trexquant Investment LP acquired a new position in shares of WNS in the third quarter worth $210,000. Advisor Group Inc. grew its stake in shares of WNS by 731.2% during the third quarter. Advisor Group Inc. now owns 6,417 shares of the business services provider’s stock worth $234,000 after purchasing an additional 5,645 shares in the last quarter. BT Investment Management Ltd acquired a new position in shares of WNS during the third quarter worth $287,000. Finally, Capital Fund Management S.A. grew its stake in shares of WNS by 33.8% during the fourth quarter. Capital Fund Management S.A. now owns 9,500 shares of the business services provider’s stock worth $381,000 after purchasing an additional 2,400 shares in the last quarter. Institutional investors and hedge funds own 86.41% of the company’s stock.
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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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