WNS (NYSE:WNS) Price Target Raised to $70.00

WNS (NYSE:WNS) had its target price boosted by Needham & Company LLC from $65.00 to $70.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

A number of other analysts also recently commented on WNS. Jefferies Financial Group cut their price objective on shares of WNS from $60.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. StockNews.com upgraded shares of WNS from a “hold” rating to a “buy” rating in a report on Friday, January 24th. Finally, Robert W. Baird increased their price objective on shares of WNS from $58.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.63.

WNS Stock Up 1.2 %

WNS opened at $59.37 on Tuesday. WNS has a twelve month low of $39.85 and a twelve month high of $65.03. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $55.35 and a 200 day moving average price of $52.66. The company has a market cap of $2.74 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 2.10 and a beta of 1.22.

WNS (NYSE:WNS) last released its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.15). WNS had a net margin of 10.03% and a return on equity of 22.25%. Sell-side analysts expect that WNS will post 3.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WNS

A number of hedge funds have recently made changes to their positions in WNS. Jane Street Group LLC boosted its position in WNS by 728.1% in the 3rd quarter. Jane Street Group LLC now owns 52,974 shares of the business services provider’s stock valued at $2,792,000 after buying an additional 46,577 shares during the period. State Street Corp boosted its position in WNS by 40.5% in the 3rd quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock valued at $39,182,000 after buying an additional 214,417 shares during the period. Nisa Investment Advisors LLC boosted its position in WNS by 15,848.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 85,645 shares of the business services provider’s stock valued at $4,059,000 after buying an additional 85,108 shares during the period. Citigroup Inc. boosted its position in WNS by 90.0% in the 3rd quarter. Citigroup Inc. now owns 67,333 shares of the business services provider’s stock valued at $3,549,000 after buying an additional 31,886 shares during the period. Finally, MetLife Investment Management LLC boosted its position in WNS by 117.3% in the 3rd quarter. MetLife Investment Management LLC now owns 25,388 shares of the business services provider’s stock valued at $1,338,000 after buying an additional 13,702 shares during the period. Hedge funds and other institutional investors own 97.36% of the company’s stock.

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.