WNS (NYSE:WNS) Shares Gap Down to $57.14

Shares of WNS (Holdings) Limited (NYSE:WNS) gapped down prior to trading on Wednesday . The stock had previously closed at $57.14, but opened at $55.70. WNS shares last traded at $55.70, with a volume of 2,153 shares.

Analyst Ratings Changes

A number of brokerages have recently commented on WNS. Barrington Research reissued an “outperform” rating and issued a $70.00 price target on shares of WNS in a report on Thursday, August 22nd. JPMorgan Chase & Co. increased their target price on WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, Needham & Company LLC raised their price target on WNS from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.43.

WNS Stock Down 1.3 %

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.60 and a current ratio of 1.60. The stock’s 50 day moving average price is $57.69 and its 200-day moving average price is $53.28. The company has a market cap of $2.63 billion and a PE ratio of 19.68.

WNS (NYSE:WNS) last posted its quarterly 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 business had revenue of $312.40 million during the quarter, compared to analyst estimates of $310.49 million. WNS had a net margin of 10.52% and a return on equity of 22.05%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. On average, analysts predict that WNS will post 3.72 earnings per share for the current year.

Institutional Trading of WNS

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. grew its holdings 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 worth $1,940,000 after purchasing an additional 29,646 shares during the last quarter. Congress Wealth Management LLC DE grew its holdings 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 during the last quarter. Seven Eight Capital LP purchased a new position in shares of WNS in the first quarter valued at about $1,205,000. William Blair Investment Management LLC raised its stake in shares of WNS by 8.3% during the second quarter. William Blair Investment Management LLC now owns 347,511 shares of the business services provider’s stock valued at $18,244,000 after acquiring an additional 26,648 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in shares of WNS by 11.9% during the second quarter. Diamond Hill Capital Management Inc. now owns 1,777,557 shares of the business services provider’s stock worth $93,322,000 after purchasing an additional 188,616 shares during the period. Institutional investors own 97.36% of the company’s stock.

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.