WNS (NYSE:WNS) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of WNS (NYSE:WNS) from a hold rating to a buy rating in a report issued on Monday, February 4th.

Several other brokerages also recently issued reports on WNS. Barrington Research set a $60.00 price objective on shares of WNS and gave the company a buy rating in a research note on Monday, October 22nd. Loop Capital upped their price target on shares of WNS to $63.00 and gave the stock a buy rating in a research report on Friday, October 26th. Cantor Fitzgerald reaffirmed a buy rating and set a $56.00 price target on shares of WNS in a research report on Thursday, October 25th. Finally, Zacks Investment Research lowered shares of WNS from a buy rating to a hold rating and set a $51.00 price target for the company. in a research report on Saturday, January 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $58.80.

WNS stock traded up $0.69 during trading on Monday, reaching $53.49. 184,254 shares of the company were exchanged, compared to its average volume of 168,788. WNS has a 52-week low of $39.24 and a 52-week high of $54.49. The company has a market cap of $2.72 billion, a P/E ratio of 29.55, a P/E/G ratio of 1.98 and a beta of 0.99. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.09.

WNS (NYSE:WNS) last announced its quarterly earnings results on Thursday, January 17th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. The company had revenue of $199.70 million for the quarter, compared to the consensus estimate of $195.32 million. WNS had a net margin of 12.52% and a return on equity of 23.78%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 earnings per share. On average, equities research analysts expect that WNS will post 2.18 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Dorsey Wright & Associates purchased a new position in shares of WNS in the third quarter valued at $5,975,000. Jane Street Group LLC bought a new position in WNS during the 2nd quarter valued at $355,000. Quantbot Technologies LP boosted its stake in WNS by 599.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,076 shares of the business services provider’s stock valued at $156,000 after acquiring an additional 2,636 shares during the last quarter. Hsbc Holdings PLC bought a new position in WNS during the 3rd quarter valued at $214,000. Finally, Advisors Asset Management Inc. boosted its stake in WNS by 103.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,738 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 1,390 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

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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