WNS (Holdings) Limited (NYSE:WNS) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $47.19 and last traded at $47.13, with a volume of 88156 shares traded. The stock had previously closed at $46.43.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of WNS from a “buy” rating to a “hold” rating in a report on Friday, March 9th. ValuEngine cut shares of WNS from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Barrington Research restated a “buy” rating and issued a $53.00 target price on shares of WNS in a report on Friday, March 2nd. Cantor Fitzgerald restated a “buy” rating and issued a $52.00 target price on shares of WNS in a report on Sunday, January 21st. Finally, SunTrust Banks raised their target price on shares of WNS to $50.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $48.23.
The stock has a market cap of $2,335.52, a P/E ratio of 44.16, a price-to-earnings-growth ratio of 1.96 and a beta of 0.88. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.16.
WNS announced that its Board of Directors has approved a stock buyback plan on Thursday, January 18th that permits the company to buyback 3,300,000 outstanding shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several hedge funds have recently made changes to their positions in WNS. State Street Corp raised its position in shares of WNS by 69.8% during the 2nd quarter. State Street Corp now owns 88,251 shares of the business services provider’s stock valued at $3,033,000 after purchasing an additional 36,268 shares during the period. Advisor Group Inc. raised its position in shares of WNS by 731.2% during the 3rd quarter. Advisor Group Inc. now owns 6,417 shares of the business services provider’s stock valued at $234,000 after purchasing an additional 5,645 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of WNS during the 3rd quarter valued at $2,373,000. Russell Investments Group Ltd. raised its position in shares of WNS by 228.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 272,284 shares of the business services provider’s stock valued at $9,938,000 after purchasing an additional 189,308 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of WNS during the 3rd quarter valued at $587,000. Hedge funds and other institutional investors own 86.42% of the company’s stock.
WNS 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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