Shares of WNS (Holdings) Limited (NYSE:WNS) have been assigned a consensus rating of “Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $48.27.
Several analysts have recently commented on the company. ValuEngine downgraded WNS from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Needham & Company LLC increased their price objective on WNS from $46.00 to $52.00 and gave the stock a “strong-buy” rating in a research note on Friday, December 1st. Barrington Research increased their price objective on WNS from $44.00 to $53.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Citigroup reissued a “buy” rating and issued a $50.00 price objective (up from $43.00) on shares of WNS in a research note on Thursday, January 18th. Finally, Zacks Investment Research downgraded WNS from a “buy” rating to a “hold” rating in a research note on Friday, March 9th.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Grandeur Peak Global Advisors LLC increased its position in shares of WNS by 0.5% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 1,020,031 shares of the business services provider’s stock valued at $40,934,000 after acquiring an additional 5,325 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of WNS by 2.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 85,430 shares of the business services provider’s stock valued at $3,428,000 after acquiring an additional 1,854 shares during the last quarter. Pier Capital LLC grew its holdings in WNS by 23.7% during the fourth quarter. Pier Capital LLC now owns 186,506 shares of the business services provider’s stock valued at $7,484,000 after purchasing an additional 35,699 shares during the period. Castleark Management LLC bought a new position in WNS during the fourth quarter valued at $217,000. Finally, Macquarie Group Ltd. grew its holdings in WNS by 8.7% during the fourth quarter. Macquarie Group Ltd. now owns 1,316,953 shares of the business services provider’s stock valued at $52,849,000 after purchasing an additional 105,762 shares during the period. 86.41% of the stock is owned by institutional investors.
WNS (NYSE:WNS) traded down $0.33 during mid-day trading on Friday, reaching $45.92. The company had a trading volume of 114,982 shares, compared to its average volume of 226,396. WNS has a fifty-two week low of $27.61 and a fifty-two week high of $46.69. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.16. The firm has a market cap of $2,330.00, a P/E ratio of 42.13, a P/E/G ratio of 1.94 and a beta of 0.88.
WNS (NYSE:WNS) last issued its quarterly earnings data on Thursday, January 18th. The business services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.50 by $0.06. The firm had revenue of $185.20 million during the quarter, compared to the consensus estimate of $175.85 million. WNS had a return on equity of 20.19% and a net margin of 7.96%. The company’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 earnings per share. equities analysts predict that WNS will post 1.73 EPS for the current year.
WNS announced that its Board of Directors has approved a share buyback plan on Thursday, January 18th that allows the company to buyback 3,300,000 shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
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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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