Robert W. Baird Boosts WNS (NYSE:WNS) Price Target to $66.00

WNS (NYSE:WNS) had its target price raised by analysts at Robert W. Baird from $58.00 to $66.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price target suggests a potential upside of 6.07% from the stock’s previous close.

Several other brokerages have also recently issued reports on WNS. Jefferies Financial Group reduced their price objective on WNS from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft dropped their target price on WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Needham & Company LLC increased their price target on WNS from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup set a $55.00 price objective on shares of WNS in a research note on Thursday, October 17th. Finally, TD Cowen cut shares of WNS from a “buy” rating to a “hold” rating and reduced their target price for the stock 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 assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.00.

WNS Stock Up 2.5 %

Shares of NYSE WNS opened at $62.22 on Friday. The company has a 50 day simple moving average of $48.89 and a 200-day simple moving average of $52.37. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. WNS has a 1 year low of $39.85 and a 1 year high of $72.40. 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.

WNS (NYSE:WNS) last released its quarterly earnings results on Thursday, January 23rd. The business services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.15). WNS had a return on equity of 22.76% and a net margin of 9.39%. On average, equities research analysts predict that WNS will post 3.52 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WNS. Jane Street Group LLC grew its stake in WNS by 728.1% in the 3rd quarter. Jane Street Group LLC now owns 52,974 shares of the business services provider’s stock valued at $2,792,000 after acquiring an additional 46,577 shares during the last quarter. State Street Corp grew its position in shares of WNS by 40.5% in the third 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. TimesSquare Capital Management LLC grew its position 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 purchasing an additional 55,306 shares during the last quarter. Citigroup Inc. increased its stake in shares of WNS by 90.0% during the 3rd quarter. Citigroup Inc. now owns 67,333 shares of the business services provider’s stock worth $3,549,000 after purchasing an additional 31,886 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of WNS by 117.3% during the 3rd quarter. MetLife Investment Management LLC now owns 25,388 shares of the business services provider’s stock worth $1,338,000 after purchasing an additional 13,702 shares during the last quarter. 97.36% of the stock is owned by hedge funds and other 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.