WNS (Holdings) Limited (NYSE:WNS) Receives $37.89 Consensus Price Target from Analysts

Shares of WNS (Holdings) Limited (NYSE:WNS) have received a consensus rating of “Buy” from the eleven research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $37.89.

Several research analysts have issued reports on the company. Cowen and Company raised WNS (Holdings) Limited from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Wednesday, June 14th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $38.00 price objective on shares of WNS (Holdings) Limited in a report on Thursday, June 29th. Zacks Investment Research downgraded WNS (Holdings) Limited from a “buy” rating to a “hold” rating in a report on Saturday, May 27th. Bank of America Corporation upped their price objective on WNS (Holdings) Limited from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Finally, Citigroup Inc. upped their price objective on WNS (Holdings) Limited from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, July 21st.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Preferred LLC bought a new position in WNS (Holdings) Limited during the first quarter worth $140,000. Bailard Inc. bought a new position in WNS (Holdings) Limited during the first quarter worth $205,000. PNC Financial Services Group Inc. increased its position in 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 period. Dynamic Technology Lab Private Ltd bought a new position in WNS (Holdings) Limited during the first quarter worth $292,000. Finally, Stifel Financial Corp increased its position in 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 period. 88.04% of the stock is currently owned by institutional investors.

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WNS (NYSE WNS) traded down 0.86% during mid-day trading on Friday, hitting $34.58. The stock had a trading volume of 399,629 shares. The firm has a market cap of $1.75 billion, a P/E ratio of 43.28 and a beta of 0.97. WNS has a 1-year low of $24.82 and a 1-year high of $35.37. The stock has a 50 day moving average of $33.90 and a 200-day moving average of $30.95.

WNS (Holdings) Limited (NYSE:WNS) last released its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.45. The business had revenue of $175.30 million for the quarter, compared to analyst estimates of $162.73 million. WNS (Holdings) Limited had a return on equity of 18.73% and a net margin of 6.66%. WNS (Holdings) Limited’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 EPS. Analysts predict that WNS will post $1.99 EPS for the current fiscal year.

About WNS (Holdings) Limited

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.