Needham & Company LLC Increases WNS (NYSE:WNS) Price Target to $70.00

WNS (NYSE:WNS) had its price objective lifted by Needham & Company LLC from $60.00 to $70.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Other analysts have also recently issued reports about the company. StockNews.com cut WNS from a buy rating to a hold rating in a research report on Tuesday, April 2nd. TD Cowen lowered their price target on shares of WNS from $70.00 to $64.00 and set a buy rating on the stock in a report on Friday, April 26th. Citigroup dropped their price objective on shares of WNS from $80.00 to $62.00 and set a buy rating for the company in a research note on Monday, April 22nd. JPMorgan Chase & Co. lifted their target price on shares of WNS from $55.00 to $60.00 and gave the company an overweight rating in a research report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft cut shares of WNS from a buy rating to a hold rating and lowered their target price for the company from $64.00 to $44.00 in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $64.57.

WNS Price Performance

Shares of WNS stock opened at $55.38 on Friday. The firm has a fifty day moving average price of $52.58 and a two-hundred day moving average price of $54.81. WNS has a fifty-two week low of $39.85 and a fifty-two week high of $75.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.71 and a quick ratio of 1.71. The company has a market cap of $2.65 billion and a PE ratio of 19.57.

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

Institutional Investors Weigh In On WNS

Large investors have recently made changes to their positions in the company. Hunter Perkins Capital Management LLC bought a new position in WNS during the 2nd quarter valued at about $387,000. Mendota Financial Group LLC increased its holdings in shares of WNS by 19.7% during the second quarter. Mendota Financial Group LLC now owns 2,759 shares of the business services provider’s stock worth $145,000 after buying an additional 454 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of WNS by 406.0% in the second quarter. Harbor Capital Advisors Inc. now owns 36,948 shares of the business services provider’s stock valued at $1,940,000 after acquiring an additional 29,646 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of WNS by 64.1% in the 2nd quarter. GAMMA Investing LLC now owns 635 shares of the business services provider’s stock worth $33,000 after acquiring an additional 248 shares in the last quarter. Finally, Aurora Investment Counsel grew its position in WNS by 2.7% during the 1st quarter. Aurora Investment Counsel now owns 29,290 shares of the business services provider’s stock worth $1,480,000 after acquiring an additional 775 shares during the last quarter. Institutional investors own 97.36% of the company’s stock.

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 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.