WNS (NYSE:WNS) Downgraded by TD Cowen

TD Cowen downgraded shares of WNS (NYSE:WNS) from a buy rating to a hold rating in a report published on Thursday, Marketbeat reports. The brokerage currently has $53.00 price target on the business services provider’s stock, down from their prior price target of $64.00.

Several other research analysts have also issued reports on WNS. Barrington Research restated an “outperform” rating and issued a $70.00 price target on shares of WNS in a research report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Needham & Company LLC lifted their price target on shares of WNS from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. lifted their price target on shares of WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, Citigroup cut their target price on shares of WNS from $67.00 to $61.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $60.33.

WNS Stock Performance

Shares of WNS opened at $46.37 on Thursday. WNS has a 12-month low of $39.85 and a 12-month high of $72.57. The stock has a market capitalization of $2.22 billion and a P/E ratio of 17.83. The firm’s 50 day moving average is $54.66 and its 200-day moving average is $52.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.60.

WNS (NYSE:WNS) last posted its quarterly earnings results on Thursday, July 18th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. The firm had revenue of $312.40 million for the quarter, compared to analyst estimates of $310.49 million. WNS had a net margin of 9.39% and a return on equity of 22.48%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 earnings per share. Equities research analysts anticipate that WNS will post 3.66 EPS for the current fiscal year.

Institutional Trading of WNS

Several large investors have recently added to or reduced their stakes in WNS. EverSource Wealth Advisors LLC increased its stake in shares of WNS by 228.9% in the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock worth $27,000 after acquiring an additional 364 shares during the last quarter. GAMMA Investing LLC boosted its position in WNS by 64.1% during the second quarter. GAMMA Investing LLC now owns 635 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 248 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in WNS in the first quarter valued at about $38,000. Harbor Investment Advisory LLC increased its position in WNS by 32.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,517 shares of the business services provider’s stock worth $77,000 after purchasing an additional 368 shares during the last quarter. Finally, Amalgamated Bank purchased a new stake in shares of WNS during the 2nd quarter worth about $84,000. 97.36% of the stock is owned by institutional investors and hedge funds.

About WNS

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.