WNS (Holdings) Limited (WNS) Downgraded to Hold at BidaskClub

BidaskClub lowered shares of WNS (Holdings) Limited (NYSE:WNS) from a buy rating to a hold rating in a research note published on Monday, July 24th.

Other research analysts have also issued reports about the company. Bank of America Corporation upped their target price on WNS (Holdings) Limited from $37.00 to $38.00 and gave the company a buy rating in a research report on Friday, July 21st. Cowen and Company upgraded WNS (Holdings) Limited from a market perform rating to an outperform rating and set a $38.00 price target on the stock in a research note on Wednesday, June 14th. Cantor Fitzgerald reiterated a buy rating and set a $38.00 price target on shares of WNS (Holdings) Limited in a research note on Thursday, June 29th. Zacks Investment Research downgraded WNS (Holdings) Limited from a buy rating to a hold rating in a research note on Saturday, May 27th. Finally, Citigroup Inc. boosted their price target on WNS (Holdings) Limited from $38.00 to $40.00 and gave the company a buy rating in a research note on Friday, July 21st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. WNS (Holdings) Limited presently has a consensus rating of Buy and an average price target of $38.50.

Shares of WNS (NYSE:WNS) opened at 35.22 on Monday. WNS has a 1-year low of $24.82 and a 1-year high of $36.07. The firm has a market capitalization of $1.78 billion, a P/E ratio of 44.08 and a beta of 0.97. The stock has a 50 day moving average of $34.65 and a 200-day moving average of $31.48.

WNS (Holdings) Limited (NYSE:WNS) last announced its earnings results on Thursday, July 20th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. WNS (Holdings) Limited had a return on equity of 18.73% and a net margin of 6.66%. The company had revenue of $175.30 million for the quarter, compared to analyst estimates of $162.73 million. During the same period in the prior year, the company posted $0.45 EPS. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, equities analysts expect that WNS will post $1.99 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC boosted its position in shares of WNS (Holdings) Limited by 46.8% in the first quarter. Acadian Asset Management LLC now owns 1,358,337 shares of the business services provider’s stock worth $38,862,000 after buying an additional 433,104 shares during the last quarter. Kennedy Capital Management Inc. boosted its position in shares of WNS (Holdings) Limited by 81.5% in the first quarter. Kennedy Capital Management Inc. now owns 716,000 shares of the business services provider’s stock worth $20,485,000 after buying an additional 321,452 shares during the last quarter. Neumeier Poma Investment Counsel LLC boosted its position in shares of WNS (Holdings) Limited by 44.3% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 1,004,750 shares of the business services provider’s stock worth $28,746,000 after buying an additional 308,565 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new position in shares of WNS (Holdings) Limited during the first quarter worth approximately $8,740,000. Finally, Alliancebernstein L.P. boosted its position in shares of WNS (Holdings) Limited by 116.4% in the second quarter. Alliancebernstein L.P. now owns 526,325 shares of the business services provider’s stock worth $18,085,000 after buying an additional 283,085 shares during the last quarter. 86.75% of the stock is owned by institutional investors and hedge funds.

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.

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