WNS (NYSE:WNS) Price Target Increased to $60.00 by Analysts at JPMorgan Chase & Co.

WNS (NYSE:WNS) had its price objective hoisted by JPMorgan Chase & Co. from $55.00 to $60.00 in a report released on Wednesday morning, MarketBeat reports. The brokerage currently has an overweight rating on the business services provider’s stock.

WNS has been the topic of several other reports. StockNews.com cut shares of WNS from a buy rating to a hold rating in a research report on Tuesday, April 2nd. TD Cowen decreased their target price on shares of WNS from $70.00 to $64.00 and set a buy rating on the stock in a research report on Friday, April 26th. Citigroup reduced their price objective on shares of WNS from $80.00 to $62.00 and set a buy rating on the stock in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft lowered shares of WNS from a buy rating to a hold rating and reduced their price objective for the stock from $64.00 to $44.00 in a research report on Friday, April 26th. Finally, Barrington Research reissued an outperform rating and issued a $60.00 price objective on shares of WNS in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $70.33.

WNS Price Performance

Shares of NYSE WNS opened at $55.38 on Wednesday. The firm’s 50-day moving average price is $52.58 and its 200-day moving average price is $54.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.71 and a current ratio of 1.71. WNS has a 12-month low of $39.85 and a 12-month high of $75.12.

WNS (NYSE:WNS) last announced its earnings results on Thursday, July 18th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $312.40 million for the quarter, compared to analysts’ expectations of $310.49 million. WNS had a net margin of 10.52% and a return on equity of 21.60%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 EPS. On average, equities research analysts expect that WNS will post 3.61 EPS for the current year.

Hedge Funds Weigh In On WNS

Hedge funds have recently added to or reduced their stakes in the stock. WCM Investment Management LLC grew its stake in WNS by 8.0% in the 4th quarter. WCM Investment Management LLC now owns 689,604 shares of the business services provider’s stock worth $43,831,000 after acquiring an additional 50,944 shares in the last quarter. American Century Companies Inc. grew its stake in WNS by 103.5% in the 3rd quarter. American Century Companies Inc. now owns 422,297 shares of the business services provider’s stock worth $28,910,000 after acquiring an additional 214,773 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in WNS by 4.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,551,716 shares of the business services provider’s stock worth $98,068,000 after acquiring an additional 71,004 shares in the last quarter. Congress Wealth Management LLC DE grew its stake in WNS by 39.3% in the 1st quarter. Congress Wealth Management LLC DE now owns 105,935 shares of the business services provider’s stock worth $5,091,000 after acquiring an additional 29,911 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in WNS by 17.4% in the 3rd quarter. Wellington Management Group LLP now owns 718,891 shares of the business services provider’s stock worth $49,215,000 after acquiring an additional 106,413 shares in the last quarter. 97.36% of the stock is currently owned by institutional investors.

About WNS

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through TSLU, MRHP, HCLS, and BFSI segments. It engages in diversified business, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure, utilities, shipping, and logistics; healthcare and life sciences; banking, financial services, and insurance; and Hi-tech and professional services, as well as procurement.