TD Cowen Cuts WNS (NYSE:WNS) Price Target to $64.00

WNS (NYSE:WNS) had its price objective reduced by TD Cowen from $70.00 to $64.00 in a research note released on Friday, Benzinga reports. TD Cowen currently has a buy rating on the business services provider’s stock.

WNS has been the topic of several other reports. Citigroup lowered their target price on WNS from $80.00 to $62.00 and set a buy rating on the stock in a research note on Monday, April 22nd. Barrington Research restated an outperform rating and issued a $72.00 target price on shares of WNS in a research note on Monday, April 15th. Needham & Company LLC lowered their target price on WNS from $80.00 to $60.00 and set a buy rating on the stock in a research note on Thursday. StockNews.com lowered WNS from a buy rating to a hold rating in a research note on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered WNS from a buy rating to a hold rating and decreased their price objective for the company from $64.00 to $44.00 in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, WNS has a consensus rating of Moderate Buy and an average price target of $72.44.

WNS Stock Performance

Shares of WNS stock opened at $40.17 on Friday. The business’s fifty day simple moving average is $52.78 and its 200 day simple moving average is $58.41. The firm has a market capitalization of $1.92 billion, a P/E ratio of 14.19 and a beta of 1.04. WNS has a 12 month low of $39.85 and a 12 month high of $91.88. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.14.

WNS (NYSE:WNS) last issued its earnings results on Thursday, April 25th. The business services provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.11. The firm had revenue of $325.90 million for the quarter, compared to analyst estimates of $322.92 million. WNS had a return on equity of 21.99% and a net margin of 10.59%. As a group, analysts anticipate that WNS will post 3.69 EPS for the current year.

Hedge Funds Weigh In On WNS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alliance Wealth Advisors LLC UT grew its position in WNS by 3.4% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 5,563 shares of the business services provider’s stock worth $352,000 after buying an additional 185 shares in the last quarter. Lindbrook Capital LLC grew its position in WNS by 33.0% during the fourth quarter. Lindbrook Capital LLC now owns 754 shares of the business services provider’s stock worth $48,000 after buying an additional 187 shares in the last quarter. 1492 Capital Management LLC grew its position in WNS by 1.1% during the fourth quarter. 1492 Capital Management LLC now owns 18,556 shares of the business services provider’s stock worth $1,173,000 after buying an additional 196 shares in the last quarter. Parallel Advisors LLC grew its position in WNS by 30.4% during the fourth quarter. Parallel Advisors LLC now owns 841 shares of the business services provider’s stock worth $53,000 after buying an additional 196 shares in the last quarter. Finally, DGS Capital Management LLC grew its position in WNS by 6.3% during the fourth quarter. DGS Capital Management LLC now owns 3,405 shares of the business services provider’s stock worth $215,000 after buying an additional 203 shares in the last quarter. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

About WNS

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.