WNS (WNS) Cut to “Hold” at ValuEngine

WNS (NYSE:WNS) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday.

WNS has been the subject of a number of other reports. Citigroup upped their target price on shares of WNS from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Barrington Research upped their target price on shares of WNS from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Monday, October 30th. Zacks Investment Research lowered shares of WNS from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Needham & Company LLC upped their target price on shares of WNS from $46.00 to $52.00 and gave the stock a “strong-buy” rating in a research note on Friday, December 1st. Finally, Cowen reaffirmed a “buy” rating and issued a $43.00 target price on shares of WNS in a research note on Sunday, October 29th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $42.83.

Shares of WNS (NYSE WNS) traded up $0.13 during midday trading on Thursday, reaching $40.90. 401,795 shares of the company were exchanged, compared to its average volume of 198,571. The firm has a market cap of $2,049.96, a price-to-earnings ratio of 25.92, a PEG ratio of 1.78 and a beta of 1.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.37 and a current ratio of 2.37. WNS has a 12-month low of $25.99 and a 12-month high of $42.36.

WNS (NYSE:WNS) last announced its earnings results on Friday, October 27th. The business services provider reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.04. The firm had revenue of $182.30 million during the quarter, compared to analyst estimates of $175.36 million. WNS had a net margin of 7.24% and a return on equity of 19.23%. The company’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 EPS. analysts expect that WNS will post 1.59 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the business. Tygh Capital Management Inc. lifted its position in WNS by 33.8% during the 3rd quarter. Tygh Capital Management Inc. now owns 181,912 shares of the business services provider’s stock worth $6,640,000 after buying an additional 45,942 shares in the last quarter. Ameriprise Financial Inc. lifted its position in WNS by 5.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 232,411 shares of the business services provider’s stock worth $7,986,000 after buying an additional 12,910 shares in the last quarter. Mitra Capital LLC bought a new stake in shares of WNS in the 2nd quarter valued at about $2,178,000. BT Investment Management Ltd bought a new stake in shares of WNS in the 3rd quarter valued at about $287,000. Finally, Nationwide Fund Advisors bought a new stake in shares of WNS in the 2nd quarter valued at about $478,000. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

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About WNS

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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