Needham & Company LLC Raises WNS (NYSE:WNS) Price Target to $65.00

WNS (NYSE:WNS) had its price target raised by stock analysts at Needham & Company LLC from $60.00 to $65.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 4.46% from the stock’s current price.

WNS has been the topic of a number of other reports. Jefferies Financial Group decreased their price objective on shares of WNS from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price target on WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Citigroup set a $55.00 price objective on WNS in a research note on Thursday, October 17th. Barrington Research reissued an “outperform” rating and set a $70.00 target price on shares of WNS in a research note on Friday, October 18th. Finally, TD Cowen downgraded shares of WNS from a “buy” rating to a “hold” rating and reduced their price target for the company from $64.00 to $53.00 in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.00.

WNS Trading Up 2.5 %

Shares of NYSE:WNS opened at $62.22 on Thursday. The company has a market capitalization of $2.97 billion, a P/E ratio of 23.93, a P/E/G ratio of 2.00 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The business’s 50 day simple moving average is $48.65 and its 200 day simple moving average is $52.31. WNS has a 1 year low of $39.85 and a 1 year high of $72.40.

WNS (NYSE:WNS) last issued its quarterly earnings results 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 return on equity of 22.76% and a net margin of 9.39%. On average, research analysts anticipate that WNS will post 3.52 EPS for the current fiscal year.

Institutional Investors Weigh In On WNS

Institutional investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans acquired a new position in shares of WNS during the third quarter worth $61,726,000. State Street Corp lifted its holdings in WNS by 40.5% during the 3rd quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock worth $39,182,000 after buying an additional 214,417 shares during the period. FMR LLC grew its position in shares of WNS by 2.1% in the 3rd quarter. FMR LLC now owns 4,898,543 shares of the business services provider’s stock valued at $258,202,000 after buying an additional 99,195 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of 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 last quarter. Finally, TimesSquare Capital Management LLC increased its stake in shares of WNS by 17.1% in the third quarter. TimesSquare Capital Management LLC now owns 377,825 shares of the business services provider’s stock valued at $19,915,000 after buying an additional 55,306 shares during the period. 97.36% of the stock is owned by institutional investors.

WNS Company Profile

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.