J P Morgan Chase & Co Boosts WNS (Holdings) Limited (WNS) Price Target to $45.00

WNS (Holdings) Limited (NYSE:WNS) had its price objective raised by equities research analysts at J P Morgan Chase & Co from $43.00 to $45.00 in a report released on Monday. The firm presently has an “overweight” rating on the business services provider’s stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 18.45% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Cowen and Company restated a “buy” rating and set a $39.00 target price on shares of WNS (Holdings) Limited in a research note on Friday, July 21st. Citigroup Inc. lifted their target price on shares of WNS (Holdings) Limited from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Bank of America Corporation boosted their price target on shares of WNS (Holdings) Limited from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Robert W. Baird reiterated a “buy” rating on shares of WNS (Holdings) Limited in a research note on Friday, August 25th. Finally, BidaskClub upgraded shares of WNS (Holdings) Limited from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $42.36.

Shares of WNS (NYSE WNS) traded down 1.00% during midday trading on Monday, hitting $37.61. The company had a trading volume of 48,443 shares. The stock has a 50 day moving average price of $36.78 and a 200 day moving average price of $34.26. WNS has a 1-year low of $24.82 and a 1-year high of $38.30. The firm has a market capitalization of $1.90 billion, a P/E ratio of 47.07 and a beta of 0.98.

WNS (Holdings) Limited (NYSE:WNS) last released its earnings results on Friday, October 27th. The business services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. WNS (Holdings) Limited had a net margin of 7.24% and a return on equity of 19.38%. The company had revenue of $182.30 million for the quarter, compared to analysts’ expectations of $175.36 million. During the same quarter in the previous year, the company earned $0.42 EPS. WNS (Holdings) Limited’s revenue for the quarter was up 26.9% on a year-over-year basis. On average, equities analysts anticipate that WNS will post $1.99 EPS for the current fiscal year.

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Several institutional investors have recently bought and sold shares of WNS. Alliancebernstein L.P. increased its holdings in shares of WNS (Holdings) Limited by 116.4% in the 2nd 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. Macquarie Group Ltd. increased its holdings in shares of WNS (Holdings) Limited by 32.6% in the 2nd quarter. Macquarie Group Ltd. now owns 1,081,253 shares of the business services provider’s stock worth $37,152,000 after buying an additional 265,904 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of WNS (Holdings) Limited by 183.0% in the 2nd quarter. Lazard Asset Management LLC now owns 235,060 shares of the business services provider’s stock worth $8,076,000 after buying an additional 152,014 shares during the last quarter. Morgan Stanley increased its holdings in shares of WNS (Holdings) Limited by 764.9% in the 1st quarter. Morgan Stanley now owns 148,512 shares of the business services provider’s stock worth $4,249,000 after buying an additional 131,341 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its holdings in shares of WNS (Holdings) Limited by 20.3% in the 2nd quarter. Rice Hall James & Associates LLC now owns 644,114 shares of the business services provider’s stock worth $22,132,000 after buying an additional 108,865 shares during the last quarter. Hedge funds and other institutional investors own 85.72% of the company’s stock.

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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