WNS (Holdings) Limited (NYSE:WNS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of WNS (Holdings) Limited (NYSE:WNS) have received an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $60.33.

Several research firms have recently issued reports on WNS. Deutsche Bank Aktiengesellschaft decreased their price objective on WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on shares of WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Citigroup set a $55.00 price target on shares of WNS in a research note on Thursday, October 17th. TD Cowen cut shares of WNS from a “buy” rating to a “hold” rating and lowered their price objective for the company from $64.00 to $53.00 in a research note on Thursday, October 17th. Finally, Needham & Company LLC cut their target price on WNS from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, October 18th.

Hedge Funds Weigh In On WNS

Several hedge funds and other institutional investors have recently made changes to their positions in WNS. Diamond Hill Capital Management Inc. raised its position in WNS by 11.9% in the second quarter. Diamond Hill Capital Management Inc. now owns 1,777,557 shares of the business services provider’s stock valued at $93,322,000 after purchasing an additional 188,616 shares during the period. Acadian Asset Management LLC raised its stake in shares of WNS by 0.7% during the first quarter. Acadian Asset Management LLC now owns 1,768,209 shares of the business services provider’s stock valued at $89,317,000 after purchasing an additional 11,933 shares during the period. Westfield Capital Management Co. LP lifted its position in shares of WNS by 12.2% during the first quarter. Westfield Capital Management Co. LP now owns 1,170,420 shares of the business services provider’s stock worth $59,141,000 after purchasing an additional 127,605 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of WNS by 84.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 591,052 shares of the business services provider’s stock valued at $31,030,000 after purchasing an additional 270,117 shares during the period. Finally, Pembroke Management LTD increased its stake in WNS by 8.1% during the 1st quarter. Pembroke Management LTD now owns 411,082 shares of the business services provider’s stock worth $20,772,000 after buying an additional 30,639 shares during the period. Institutional investors and hedge funds own 97.36% of the company’s stock.

WNS Price Performance

Shares of NYSE:WNS opened at $47.72 on Tuesday. The stock’s fifty day simple moving average is $52.07 and its 200-day simple moving average is $52.67. WNS has a 52-week low of $39.85 and a 52-week high of $72.57. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

WNS Company Profile

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.