WNS (NYSE:WNS) Downgraded by TD Cowen

TD Cowen lowered shares of WNS (NYSE:WNS) from a buy rating to a hold rating in a research report released on Thursday, Marketbeat Ratings reports. The firm currently has $53.00 target price on the business services provider’s stock, down from their prior target price of $64.00.

A number of other research firms have also issued reports on WNS. Deutsche Bank Aktiengesellschaft lowered their target price on shares of WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Barrington Research reissued an “outperform” rating and set a $70.00 price objective on shares of WNS in a research report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their price objective on WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Needham & Company LLC boosted their price objective on WNS from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Citigroup cut their price objective on WNS from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.33.

WNS Price Performance

Shares of NYSE:WNS opened at $46.37 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market capitalization of $2.22 billion and a P/E ratio of 17.83. The business has a 50-day moving average of $54.66 and a two-hundred day moving average of $52.75. WNS has a fifty-two week low of $39.85 and a fifty-two week high of $72.57.

WNS (NYSE:WNS) last announced its earnings results on Thursday, July 18th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. WNS had a return on equity of 22.48% and a net margin of 9.39%. The firm had revenue of $312.40 million during the quarter, compared to analysts’ expectations of $310.49 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. On average, equities research analysts predict that WNS will post 3.66 EPS for the current fiscal year.

Hedge Funds Weigh In On WNS

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in WNS by 228.9% during the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 364 shares during the period. GAMMA Investing LLC increased its stake in WNS by 64.1% during the second quarter. GAMMA Investing LLC now owns 635 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 248 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in WNS during the first quarter valued at about $38,000. Harbor Investment Advisory LLC grew its stake in shares of WNS by 32.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,517 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 368 shares during the period. Finally, Amalgamated Bank bought a new stake in shares of WNS in the 2nd quarter valued at approximately $84,000. 97.36% of the stock is currently owned by institutional investors.

WNS Company Profile

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through TSLU, MRHP, HCLS, and BFSI segments. It engages in diversified business, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure, utilities, shipping, and logistics; healthcare and life sciences; banking, financial services, and insurance; and Hi-tech and professional services, as well as procurement.