WNS (NYSE:WNS) Stock Price Up 6.4% – Here’s Why

WNS (Holdings) Limited (NYSE:WNS) traded up 6.4% during mid-day trading on Tuesday . The stock traded as high as $63.60 and last traded at $65.40. 306,655 shares were traded during mid-day trading, a decline of 41% from the average session volume of 517,685 shares. The stock had previously closed at $61.49.

Analysts Set New Price Targets

A number of brokerages have recently commented on WNS. Barrington Research raised their price objective on shares of WNS from $63.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 26th. Jefferies Financial Group decreased their price objective on WNS from $60.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. StockNews.com upgraded WNS from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. Robert W. Baird lifted their target price on WNS from $58.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, Needham & Company LLC raised their price objective on shares of WNS from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $62.25.

WNS Price Performance

The firm has a 50-day simple moving average of $59.64 and a 200-day simple moving average of $53.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a market capitalization of $3.06 billion, a PE ratio of 22.98, a PEG ratio of 2.10 and a beta of 1.22.

WNS (NYSE:WNS) last posted its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.15). WNS had a net margin of 10.03% and a return on equity of 22.25%. As a group, equities analysts forecast that WNS will post 3.8 earnings per share for the current year.

Hedge Funds Weigh In On WNS

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Johnson Financial Group Inc. purchased a new stake in shares of WNS in the fourth quarter worth approximately $53,000. Blue Trust Inc. boosted its holdings in WNS by 65.0% during the fourth quarter. Blue Trust Inc. now owns 4,397 shares of the business services provider’s stock worth $208,000 after buying an additional 1,732 shares during the last quarter. Pictet Asset Management Holding SA bought a new stake in WNS in the 4th quarter valued at $213,000. Cetera Investment Advisers increased its position in shares of WNS by 35.0% during the 4th quarter. Cetera Investment Advisers now owns 5,134 shares of the business services provider’s stock worth $243,000 after purchasing an additional 1,331 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC lifted its stake in shares of WNS by 18.1% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,261 shares of the business services provider’s stock worth $249,000 after buying an additional 805 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.

About WNS

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.