WNS (Holdings) Limited (WNS) Rating Reiterated by Loop Capital

WNS (Holdings) Limited (NYSE:WNS)‘s stock had its “buy” rating restated by stock analysts at Loop Capital in a research report issued to clients and investors on Monday. They presently have a $44.00 price objective on the business services provider’s stock, up from their previous price objective of $41.00. Loop Capital’s target price would indicate a potential upside of 16.03% from the stock’s previous close.

WNS has been the subject of a number of other reports. Cowen and Company reaffirmed a “buy” rating and issued a $39.00 price target on shares of WNS (Holdings) Limited in a report on Friday, July 21st. Citigroup Inc. upped their price target on WNS (Holdings) Limited from $40.00 to $43.00 and gave the company a “buy” rating in a report on Friday, October 13th. Zacks Investment Research downgraded WNS (Holdings) Limited from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. BidaskClub raised WNS (Holdings) Limited from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Bank of America Corporation upped their price target on WNS (Holdings) Limited from $37.00 to $38.00 and gave the company a “buy” rating in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has issued 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) opened at 37.92 on Monday. The firm has a market capitalization of $1.92 billion, a PE ratio of 47.46 and a beta of 0.98. The company has a 50-day moving average of $36.92 and a 200-day moving average of $34.42. WNS has a 1-year low of $24.82 and a 1-year high of $38.59.

WNS (Holdings) Limited (NYSE:WNS) last announced its quarterly earnings results on Friday, October 27th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.04. The firm had revenue of $182.30 million during the quarter, compared to the consensus estimate of $175.36 million. WNS (Holdings) Limited had a return on equity of 19.38% and a net margin of 7.24%. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 earnings per share. Equities research analysts predict that WNS will post $2.01 EPS for the current fiscal year.

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Several hedge funds have recently bought and sold shares of the company. OLD National Bancorp IN acquired a new stake in shares of WNS (Holdings) Limited in the third quarter valued at approximately $202,000. First Trust Advisors LP boosted its holdings in shares of WNS (Holdings) Limited by 17.0% in the third quarter. First Trust Advisors LP now owns 271,371 shares of the business services provider’s stock valued at $9,905,000 after acquiring an additional 39,522 shares during the period. Eqis Capital Management Inc. boosted its holdings in shares of WNS (Holdings) Limited by 22.1% in the third quarter. Eqis Capital Management Inc. now owns 25,308 shares of the business services provider’s stock valued at $924,000 after acquiring an additional 4,586 shares during the period. 1st Global Advisors Inc. acquired a new stake in shares of WNS (Holdings) Limited in the second quarter valued at approximately $223,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of WNS (Holdings) Limited by 17.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 485,389 shares of the business services provider’s stock valued at $16,678,000 after acquiring an additional 71,934 shares during the period. 85.72% of the stock is owned by institutional investors and hedge funds.

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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