WNS (Holdings) Limited (NYSE:WNS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday.
According to Zacks, “WNS HOLDINGS is a recognized leader in business process outsourcing.Their proposition is simple: They deliver value to their clients by bringing operational excellence and deep industry and functional knowledge to their critical business processes. They serve several industries, including travel, insurance, financial services, healthcare, professional services, manufacturing, distribution and retail. They also provide essential corporate functions, such as finance and accounting, human resources research and analytics. “
Several other research analysts also recently commented on the stock. Cantor Fitzgerald reissued a “buy” rating and set a $38.00 price objective on shares of WNS (Holdings) Limited in a report on Thursday, June 29th. Maxim Group set a $38.00 price objective on shares of WNS (Holdings) Limited and gave the company a “buy” rating in a report on Thursday, April 27th. Bank of America Corporation increased their price objective on shares of WNS (Holdings) Limited from $37.00 to $38.00 and gave the company a “buy” rating in a report on Friday, July 21st. Cowen and Company raised shares of WNS (Holdings) Limited from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Wednesday, June 14th. Finally, Citigroup Inc. increased their price objective on shares of WNS (Holdings) Limited from $38.00 to $40.00 and gave the company a “buy” rating in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $37.90.
Shares of WNS (WNS) opened at 34.81 on Friday. WNS has a 52 week low of $24.82 and a 52 week high of $35.37. The firm’s 50-day moving average price is $33.73 and its 200 day moving average price is $30.79. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 43.62 and a beta of 0.97.
WNS (Holdings) Limited (NYSE:WNS) last released its quarterly earnings data on Thursday, July 20th. The business services provider reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. WNS (Holdings) Limited had a net margin of 6.66% and a return on equity of 18.73%. The business had revenue of $175.30 million during the quarter, compared to the consensus estimate of $162.73 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue was up 18.4% on a year-over-year basis. On average, equities research analysts forecast that WNS will post $1.99 EPS for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp increased its position in shares of WNS (Holdings) Limited by 3.3% in the first quarter. Stifel Financial Corp now owns 10,905 shares of the business services provider’s stock worth $312,000 after buying an additional 344 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of WNS (Holdings) Limited by 28.0% in the first quarter. PNC Financial Services Group Inc. now owns 7,860 shares of the business services provider’s stock worth $224,000 after buying an additional 1,720 shares during the last quarter. United Capital Financial Advisers LLC increased its position in shares of WNS (Holdings) Limited by 3.0% in the first quarter. United Capital Financial Advisers LLC now owns 78,191 shares of the business services provider’s stock worth $2,237,000 after buying an additional 2,283 shares during the last quarter. Eqis Capital Management Inc. increased its position in shares of WNS (Holdings) Limited by 19.0% in the second quarter. Eqis Capital Management Inc. now owns 20,722 shares of the business services provider’s stock worth $712,000 after buying an additional 3,303 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of WNS (Holdings) Limited by 5.0% in the first quarter. Envestnet Asset Management Inc. now owns 78,503 shares of the business services provider’s stock worth $2,248,000 after buying an additional 3,704 shares during the last quarter. 88.46% of the stock is owned by hedge funds and other institutional investors.
WNS (Holdings) Limited 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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