Zacks Investment Research restated their buy rating on shares of WNS (NYSE:WNS) in a report released on Saturday morning, Zacks.com reports. Zacks Investment Research currently has a $70.00 target price on the business services provider’s stock.
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. “
WNS has been the subject of several other reports. Robert W. Baird lifted their price target on WNS from $66.00 to $68.00 and gave the company a neutral rating in a report on Friday, October 18th. Berenberg Bank initiated coverage on WNS in a report on Friday, September 13th. They set a buy rating and a $72.00 price target for the company. Cantor Fitzgerald lifted their price target on WNS from $68.00 to $73.00 and gave the company an outperform rating in a report on Friday, October 18th. Wedbush reiterated an outperform rating on shares of WNS in a report on Tuesday, July 16th. Finally, ValuEngine lowered WNS from a buy rating to a hold rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $69.64.
Shares of NYSE WNS opened at $61.10 on Friday. WNS has a one year low of $39.24 and a one year high of $65.99. The firm has a market capitalization of $3.11 billion, a PE ratio of 27.16, a PEG ratio of 2.07 and a beta of 1.12. The company has a current ratio of 1.88, a quick ratio of 1.77 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average price of $60.12 and a two-hundred day moving average price of $59.20.
WNS (NYSE:WNS) last announced its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.12. The business had revenue of $220.70 million during the quarter, compared to analyst estimates of $216.08 million. WNS had a return on equity of 23.57% and a net margin of 13.47%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. Research analysts anticipate that WNS will post 2.41 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Preferred LLC acquired a new stake in WNS in the 2nd quarter worth approximately $52,000. Simplex Trading LLC acquired a new stake in WNS in the 3rd quarter worth approximately $56,000. Royal Bank of Canada lifted its holdings in WNS by 110.9% in the 2nd quarter. Royal Bank of Canada now owns 989 shares of the business services provider’s stock worth $58,000 after purchasing an additional 520 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in WNS in the 2nd quarter worth approximately $155,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in WNS in the 2nd quarter worth approximately $197,000. Hedge funds and other institutional investors own 94.51% of the company’s stock.
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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