Jefferies Financial Group Issues Pessimistic Forecast for WNS (NYSE:WNS) Stock Price

WNS (NYSE:WNS) had its target price cut by Jefferies Financial Group from $60.00 to $55.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

A number of other analysts have also issued reports on WNS. Citigroup set a $55.00 price target on shares of WNS in a research note on Thursday, October 17th. Needham & Company LLC cut their price target on shares of WNS from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. TD Cowen lowered shares of 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, October 17th. Deutsche Bank Aktiengesellschaft cut their price target on shares of WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Finally, Barrington Research reiterated an “outperform” rating and set a $70.00 price target on shares of WNS in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.29.

WNS Stock Up 22.9 %

Shares of WNS opened at $60.84 on Tuesday. The firm has a market cap of $2.91 billion, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16. WNS has a 12-month low of $39.85 and a 12-month high of $72.40. The company’s 50-day moving average price is $48.45 and its 200 day moving average price is $52.25. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

WNS (NYSE:WNS) last issued its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.15). WNS had a net margin of 9.39% and a return on equity of 22.76%. On average, sell-side analysts forecast that WNS will post 3.51 earnings per share for the current year.

Institutional Trading of WNS

A number of large investors have recently made changes to their positions in the company. BKM Wealth Management LLC increased its stake in shares of WNS by 2.8% during the third quarter. BKM Wealth Management LLC now owns 10,972 shares of the business services provider’s stock worth $578,000 after buying an additional 298 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in WNS by 228.9% in the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 364 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in WNS by 4.2% in the third quarter. Verdence Capital Advisors LLC now owns 10,022 shares of the business services provider’s stock valued at $528,000 after purchasing an additional 407 shares in the last quarter. Aurora Investment Counsel boosted its holdings in WNS by 1.8% in the third quarter. Aurora Investment Counsel now owns 35,137 shares of the business services provider’s stock valued at $1,852,000 after purchasing an additional 618 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its holdings in WNS by 18.1% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,261 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 805 shares in the last quarter. 97.36% of the stock is currently owned by hedge funds and other 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 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.