Research analysts at Berenberg Bank began coverage on shares of WNS (NYSE:WNS) in a research report issued on Friday, Briefing.com Automated Import reports. The firm set a “buy” rating on the business services provider’s stock.
A number of other research firms have also weighed in on WNS. Cowen lifted their price objective on shares of WNS from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Zacks Investment Research lowered shares of WNS from a “strong-buy” rating to a “hold” rating in a research report on Saturday, July 27th. Wedbush reissued an “outperform” rating on shares of WNS in a report on Tuesday, July 16th. Cantor Fitzgerald raised their target price on WNS from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, Barrington Research raised their target price on WNS from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, July 19th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. WNS currently has a consensus rating of “Buy” and a consensus target price of $67.86.
NYSE:WNS traded up $0.04 during midday trading on Friday, reaching $59.89. The stock had a trading volume of 16,944 shares, compared to its average volume of 130,648. The firm has a fifty day simple moving average of $62.12 and a two-hundred day simple moving average of $57.59. WNS has a 12-month low of $39.24 and a 12-month high of $65.00. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.06. The stock has a market cap of $3.01 billion, a P/E ratio of 26.62, a P/E/G ratio of 2.03 and a beta of 1.10.
WNS (NYSE:WNS) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.24. WNS had a net margin of 13.44% and a return on equity of 23.92%. The firm had revenue of $214.60 million for the quarter, compared to analyst estimates of $207.51 million. During the same period last year, the firm posted $0.59 EPS. WNS’s quarterly revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts anticipate that WNS will post 2.36 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. River & Mercantile Asset Management LLP acquired a new position in shares of WNS during the 2nd quarter worth $403,000. Royal Bank of Canada raised its stake in shares of WNS by 110.9% during the 2nd quarter. Royal Bank of Canada now owns 989 shares of the business services provider’s stock worth $58,000 after buying an additional 520 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of WNS during the 2nd quarter worth $858,000. Victory Capital Management Inc. raised its stake in shares of WNS by 3.8% during the 2nd quarter. Victory Capital Management Inc. now owns 681,146 shares of the business services provider’s stock worth $40,324,000 after buying an additional 25,020 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of WNS during the 2nd quarter worth $616,000. 94.83% of the stock is owned by institutional investors.
WNS Company Profile
WNS (Holdings) Limited, a business process management company, together with its subsidiaries, provides data, voice, analytical, and business transformation services worldwide. It operates through two segments, WNS Global BPM and WNS Auto Claims BPM. The company offers industry-specific services to clients primarily in insurance; travel and leisure; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; utilities; consulting and professional services; healthcare; banking and financial services; and shipping and logistics industries.
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