WNS (NYSE:WNS) Trading Up 6.2%

WNS (Holdings) Limited (NYSE:WNS) shares shot up 6.2% during trading on Monday . The stock traded as high as $48.06 and last traded at $47.97. 193,754 shares were traded during trading, a decline of 53% from the average session volume of 412,794 shares. The stock had previously closed at $45.16.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barrington Research restated an “outperform” rating and set a $72.00 target price on shares of WNS in a research note on Monday, April 15th. Deutsche Bank Aktiengesellschaft downgraded shares of WNS from a “buy” rating to a “hold” rating and cut their price objective for the company from $64.00 to $44.00 in a report on Friday, April 26th. TD Cowen lowered their target price on shares of WNS from $70.00 to $64.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Citigroup cut their price target on shares of WNS from $80.00 to $62.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Finally, Needham & Company LLC dropped their price objective on shares of WNS from $80.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.44.

WNS Price Performance

The company has a market capitalization of $2.33 billion and a price-to-earnings ratio of 16.94. The firm has a 50-day simple moving average of $51.09 and a two-hundred day simple moving average of $57.53. The company has a current ratio of 1.71, a quick ratio of 1.82 and a debt-to-equity ratio of 0.35.

WNS (NYSE:WNS) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.11. WNS had a return on equity of 22.23% and a net margin of 10.59%. The company had revenue of $325.90 million during the quarter, compared to analysts’ expectations of $322.92 million. As a group, analysts predict that WNS will post 3.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WNS

Hedge funds have recently modified their holdings of the company. FMR LLC grew its stake in WNS by 1.7% in the 3rd quarter. FMR LLC now owns 4,121,499 shares of the business services provider’s stock valued at $282,158,000 after acquiring an additional 70,820 shares during the period. JPMorgan Chase & Co. increased its stake in shares of WNS by 36.5% during the third quarter. JPMorgan Chase & Co. now owns 2,034,729 shares of the business services provider’s stock worth $139,298,000 after purchasing an additional 544,328 shares in the last quarter. Artisan Partners Limited Partnership raised its position in shares of WNS by 13.9% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,920,291 shares of the business services provider’s stock worth $121,362,000 after purchasing an additional 234,139 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in WNS by 4.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,551,716 shares of the business services provider’s stock worth $98,068,000 after buying an additional 71,004 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its stake in WNS by 10.7% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,304,108 shares of the business services provider’s stock worth $89,279,000 after buying an additional 125,989 shares in the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.

About WNS

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through two segments, WNS Global BPM and WNS Auto Claims BPM. It offers industry-specific services to clients primarily in insurance; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure; healthcare; utilities; shipping and logistics; Hi-tech and professional services; and banking and financial services.