WNS (NYSE:WNS) Sets New 1-Year Low on Analyst Downgrade

WNS (Holdings) Limited (NYSE:WNS) shares hit a new 52-week low during trading on Thursday after Needham & Company LLC lowered their price target on the stock from $80.00 to $60.00. Needham & Company LLC currently has a buy rating on the stock. WNS traded as low as $41.04 and last traded at $43.29, with a volume of 331989 shares traded. The stock had previously closed at $46.86.

Several other research analysts have also recently weighed in on the company. StockNews.com cut WNS from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Citigroup lowered their price target on WNS from $80.00 to $62.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Barrington Research restated an “outperform” rating and issued a $72.00 price objective on shares of WNS in a research report on Monday, April 15th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, WNS presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.63.

Institutional Investors Weigh In On WNS

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of WNS by 36.5% in the third quarter. JPMorgan Chase & Co. now owns 2,034,729 shares of the business services provider’s stock valued at $139,298,000 after buying an additional 544,328 shares during the last quarter. Baillie Gifford & Co. lifted its stake in WNS by 62.1% in the 3rd quarter. Baillie Gifford & Co. now owns 1,011,599 shares of the business services provider’s stock worth $69,254,000 after purchasing an additional 387,378 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of WNS by 86.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 741,793 shares of the business services provider’s stock worth $50,783,000 after purchasing an additional 342,922 shares during the last quarter. Artisan Partners Limited Partnership grew its position in shares of WNS by 19.5% in the third quarter. Artisan Partners Limited Partnership now owns 1,686,152 shares of the business services provider’s stock valued at $115,434,000 after purchasing an additional 274,908 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of WNS in the third quarter valued at approximately $15,697,000. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

WNS Stock Performance

The stock has a 50-day moving average of $53.17 and a 200 day moving average of $58.77. The stock has a market cap of $2.01 billion, a PE ratio of 12.76 and a beta of 1.04. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.14.

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.