WNS (NYSE:WNS) Downgraded to Hold at StockNews.com

WNS (NYSE:WNSGet Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Several other research analysts also recently issued reports on WNS. Citigroup upped their price objective on WNS from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Barrington Research reduced their price objective on WNS from $80.00 to $72.00 and set an “outperform” rating on the stock in a report on Monday, February 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 price objective on shares of WNS in a report on Friday, March 1st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, WNS presently has an average rating of “Moderate Buy” and a consensus target price of $85.88.

Read Our Latest Report on WNS

WNS Stock Down 0.9 %

Shares of WNS opened at $49.51 on Tuesday. The company has a market capitalization of $2.37 billion, a P/E ratio of 15.05 and a beta of 1.04. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.82 and a quick ratio of 1.82. WNS has a one year low of $49.06 and a one year high of $92.81. The business’s 50 day simple moving average is $58.01 and its 200-day simple moving average is $60.97.

WNS (NYSE:WNSGet Free Report) last announced its earnings results on Thursday, January 18th. The business services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.80 by $0.18. The business had revenue of $315.90 million for the quarter, compared to the consensus estimate of $313.21 million. WNS had a return on equity of 21.71% and a net margin of 12.59%. As a group, sell-side analysts predict that WNS will post 3.44 EPS for the current fiscal year.

Institutional Trading of WNS

Several institutional investors and hedge funds have recently made changes to their positions in WNS. HBK Sorce Advisory LLC increased its position in shares of WNS by 3.9% in the 1st quarter. HBK Sorce Advisory LLC now owns 4,193 shares of the business services provider’s stock valued at $593,000 after buying an additional 157 shares in the last quarter. Alliance Wealth Advisors LLC UT increased its position in shares of WNS by 3.4% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 5,563 shares of the business services provider’s stock valued at $352,000 after buying an additional 185 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of WNS by 33.0% in the 4th quarter. Lindbrook Capital LLC now owns 754 shares of the business services provider’s stock valued at $48,000 after buying an additional 187 shares in the last quarter. 1492 Capital Management LLC increased its position in shares of WNS by 1.1% in the 4th quarter. 1492 Capital Management LLC now owns 18,556 shares of the business services provider’s stock valued at $1,173,000 after buying an additional 196 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of WNS by 30.4% in the 4th quarter. Parallel Advisors LLC now owns 841 shares of the business services provider’s stock valued at $53,000 after buying an additional 196 shares in the last quarter. Institutional investors own 97.36% of the company’s stock.

About WNS

(Get Free Report)

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through two segments, WNS Global BPM and WNS Auto Claims BPM. It offers industry-specific services to clients primarily in insurance; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure; healthcare; utilities; shipping and logistics; Hi-tech and professional services; and banking and financial services.

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