WNS (NYSE:WNS) Shares Gap Down – Here’s Why

WNS (Holdings) Limited (NYSE:WNS)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $49.69, but opened at $45.26. WNS shares last traded at $43.95, with a volume of 86,888 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on WNS shares. Barrington Research reaffirmed an “outperform” rating and set a $70.00 price target on shares of WNS in a research note on Thursday, August 22nd. TD Cowen downgraded WNS from a “buy” rating to a “hold” rating and cut their price target for the stock from $64.00 to $53.00 in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut their target price on shares of WNS from $55.00 to $51.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Citigroup cut their target price on shares of WNS from $67.00 to $61.00 and set a “buy” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their target price on shares of WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $63.00.

WNS Stock Down 10.6 %

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 firm has a market cap of $2.12 billion and a PE ratio of 15.36. The stock has a fifty day moving average price of $55.12 and a 200-day moving average price of $52.80.

WNS (NYSE:WNS) last released its quarterly earnings results on Thursday, July 18th. The business services provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $312.40 million during the quarter, compared to analysts’ expectations of $310.49 million. WNS had a return on equity of 22.05% and a net margin of 10.52%. WNS’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. Research analysts expect that WNS will post 3.71 EPS for the current year.

Hedge Funds Weigh In On WNS

A number of institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its position in shares of WNS by 228.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 364 shares in the last quarter. GAMMA Investing LLC raised its position in shares of WNS by 64.1% during the 2nd quarter. GAMMA Investing LLC now owns 635 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 248 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of WNS during the 1st quarter valued at approximately $38,000. Harbor Investment Advisory LLC raised its position in shares of WNS by 32.0% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,517 shares of the business services provider’s stock valued at $77,000 after acquiring an additional 368 shares in the last quarter. Finally, Amalgamated Bank acquired a new stake in shares of WNS during the 2nd quarter valued at approximately $84,000. 97.36% of the stock is owned by institutional investors and hedge funds.

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.