WNS (NYSE:WNS) Given New $62.00 Price Target at Citigroup

WNS (NYSE:WNS) had its price objective reduced by Citigroup from $80.00 to $62.00 in a research note issued to investors on Monday, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Several other equities analysts have also recently weighed in on WNS. Barrington Research reissued an outperform rating and issued a $72.00 target price on shares of WNS in a research note on Monday, April 15th. Needham & Company LLC restated a buy rating and set a $80.00 price objective on shares of WNS in a research note on Friday, March 1st. Finally, StockNews.com cut shares of WNS from a buy rating to a hold rating in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $84.13.

WNS Stock Up 0.3 %

WNS stock opened at $48.00 on Monday. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 14.59 and a beta of 1.04. WNS has a twelve month low of $45.09 and a twelve month high of $91.97. The business has a 50 day moving average price of $53.88 and a two-hundred day moving average price of $59.11. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.14.

Institutional Trading of WNS

Hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc acquired a new stake in WNS during the third quarter worth approximately $361,000. Stanley Laman Group Ltd. acquired a new stake in WNS during the 3rd quarter worth approximately $685,000. Raymond James & Associates boosted its stake in WNS by 4.6% in the 3rd quarter. Raymond James & Associates now owns 11,138 shares of the business services provider’s stock valued at $763,000 after purchasing an additional 494 shares during the period. Bank of New York Mellon Corp grew its holdings in WNS by 1.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 30,356 shares of the business services provider’s stock valued at $2,078,000 after buying an additional 532 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its position in WNS by 6.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 10,465 shares of the business services provider’s stock worth $716,000 after buying an additional 615 shares during the period. 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 two segments, WNS Global BPM and WNS Auto Claims BPM. It offers industry-specific services to clients primarily in insurance; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure; healthcare; utilities; shipping and logistics; Hi-tech and professional services; and banking and financial services.