WNS (NYSE:WNS) Hits New 1-Year High – What’s Next?

WNS (Holdings) Limited (NYSE:WNS)’s share price reached a new 52-week high on Thursday . The company traded as high as $72.11 and last traded at $66.91, with a volume of 419316 shares traded. The stock had previously closed at $65.95.

Wall Street Analysts Forecast Growth

WNS has been the subject of a number of recent research reports. Robert W. Baird lifted their target price on WNS from $58.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Barrington Research lifted their price objective on WNS from $63.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, March 26th. Jefferies Financial Group cut their target price on shares of WNS from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. StockNews.com upgraded shares of WNS from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. Finally, Needham & Company LLC increased their price objective on shares of WNS from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.25.

WNS Price Performance

The company’s 50 day moving average is $60.41 and its 200 day moving average is $53.57. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 2.10 and a beta of 0.96.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC grew its holdings in shares of WNS by 728.1% during the third quarter. Jane Street Group LLC now owns 52,974 shares of the business services provider’s stock worth $2,792,000 after buying an additional 46,577 shares during the last quarter. State Street Corp grew its stake in shares of 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 purchasing an additional 214,417 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of WNS in the fourth quarter valued at approximately $355,000. Nisa Investment Advisors LLC raised its stake in shares of WNS by 15,848.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 85,645 shares of the business services provider’s stock worth $4,059,000 after purchasing an additional 85,108 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of WNS by 30.4% during the fourth quarter. SG Americas Securities LLC now owns 20,196 shares of the business services provider’s stock worth $957,000 after purchasing an additional 4,705 shares during the period. 97.36% of the stock is currently owned by institutional investors and hedge funds.

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.