WNS (NYSE:WNS) Raised to Hold at Zacks Investment Research

WNS (NYSE:WNS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday, September 20th.

According to Zacks, “WNS HOLDINGS is a recognized leader in business process outsourcing.Their proposition is simple: They deliver value to their clients by bringing operational excellence and deep industry and functional knowledge to their critical business processes. They serve several industries, including travel, insurance, financial services, healthcare, professional services, manufacturing, distribution and retail. They also provide essential corporate functions, such as finance and accounting, human resources research and analytics. “

Several other research firms have also issued reports on WNS. Barrington Research set a $57.00 target price on WNS and gave the stock a “buy” rating in a research report on Tuesday, July 17th. Citigroup boosted their target price on WNS from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, July 20th. Loop Capital boosted their price objective on WNS to $60.00 and gave the company a “buy” rating in a research report on Friday, July 20th. Finally, ValuEngine lowered WNS from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 24th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $52.82.

Shares of WNS stock traded up $0.42 during trading on Thursday, reaching $47.20. The company’s stock had a trading volume of 107,679 shares, compared to its average volume of 200,962. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 2.13 and a beta of 0.73. WNS has a one year low of $35.94 and a one year high of $54.38. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.13.

WNS (NYSE:WNS) last announced its quarterly earnings data on Thursday, July 19th. The business services provider reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.08. The firm had revenue of $196.00 million during the quarter, compared to analysts’ expectations of $193.79 million. WNS had a return on equity of 22.42% and a net margin of 11.84%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. As a group, sell-side analysts anticipate that WNS will post 1.89 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in WNS. Optimum Investment Advisors raised its stake in shares of WNS by 36.8% during the 3rd quarter. Optimum Investment Advisors now owns 4,650 shares of the business services provider’s stock worth $236,000 after purchasing an additional 1,250 shares in the last quarter. Navellier & Associates Inc raised its stake in shares of WNS by 3.4% during the 2nd quarter. Navellier & Associates Inc now owns 39,751 shares of the business services provider’s stock worth $2,074,000 after purchasing an additional 1,303 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of WNS by 103.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,738 shares of the business services provider’s stock worth $143,000 after purchasing an additional 1,390 shares in the last quarter. Employees Retirement System of Texas raised its stake in shares of WNS by 14.3% during the 2nd quarter. Employees Retirement System of Texas now owns 11,237 shares of the business services provider’s stock worth $586,000 after purchasing an additional 1,407 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of WNS by 89.4% during the 1st quarter. Citigroup Inc. now owns 3,278 shares of the business services provider’s stock worth $149,000 after purchasing an additional 1,547 shares in the last quarter. 86.88% of the stock is owned by hedge funds and other institutional investors.

About WNS

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

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