WNS (NYSE:WNS) Trading Up 6.2%

Shares of WNS (Holdings) Limited (NYSE:WNS) were up 6.2% during trading on Monday . The company traded as high as $48.06 and last traded at $47.97. Approximately 193,754 shares traded hands during trading, a decline of 53% from the average daily volume of 412,794 shares. The stock had previously closed at $45.16.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WNS shares. StockNews.com cut shares of WNS from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft cut shares of WNS from a “buy” rating to a “hold” rating and reduced their target price for the company from $64.00 to $44.00 in a research report on Friday, April 26th. Barrington Research reissued an “outperform” rating and issued a $72.00 target price on shares of WNS in a research report on Monday, April 15th. Needham & Company LLC reduced their target price on shares of WNS from $80.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, TD Cowen dropped their price target on WNS from $70.00 to $64.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $72.44.

WNS Price Performance

The company has a fifty day moving average of $50.54 and a 200 day moving average of $57.38. The firm has a market capitalization of $2.38 billion and a P/E ratio of 17.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.71 and a quick ratio of 1.82.

WNS (NYSE:WNS) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.85 by $0.11. WNS had a return on equity of 22.23% and a net margin of 10.59%. The business had revenue of $325.90 million for the quarter, compared to analysts’ expectations of $322.92 million. Sell-side analysts predict that WNS will post 3.62 earnings per share for the current year.

Hedge Funds Weigh In On WNS

A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC boosted its holdings in shares of WNS by 1.7% during the 3rd quarter. FMR LLC now owns 4,121,499 shares of the business services provider’s stock worth $282,158,000 after buying an additional 70,820 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of WNS by 36.5% during the third quarter. JPMorgan Chase & Co. now owns 2,034,729 shares of the business services provider’s stock worth $139,298,000 after purchasing an additional 544,328 shares during the period. Artisan Partners Limited Partnership raised its position in shares of WNS by 13.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,920,291 shares of the business services provider’s stock worth $121,362,000 after purchasing an additional 234,139 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of WNS by 4.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,551,716 shares of the business services provider’s stock worth $98,068,000 after purchasing an additional 71,004 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its position in shares of WNS by 10.7% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,304,108 shares of the business services provider’s stock worth $89,279,000 after purchasing an additional 125,989 shares during the period. 97.36% of the stock is currently owned by institutional investors.

WNS Company Profile

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through two segments, WNS Global BPM and WNS Auto Claims BPM. It offers industry-specific services to clients primarily in insurance; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure; healthcare; utilities; shipping and logistics; Hi-tech and professional services; and banking and financial services.