WNS (NYSE:WNS) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

WNS (NYSE:WNS) had its price objective increased by analysts at Needham & Company LLC from $65.00 to $70.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s price target indicates a potential upside of 19.36% from the company’s current price.

A number of other equities analysts also recently weighed in on the company. Robert W. Baird upped their price target on WNS from $58.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Jefferies Financial Group dropped their target price on WNS from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Finally, StockNews.com upgraded WNS from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, WNS presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.63.

WNS Stock Down 0.8 %

Shares of WNS stock opened at $58.65 on Tuesday. WNS has a 12-month low of $39.85 and a 12-month high of $65.03. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average of $55.11 and a 200-day moving average of $52.61. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 20.51, a P/E/G ratio of 2.10 and a beta of 1.22.

WNS (NYSE:WNS) last released its 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%. As a group, equities research analysts predict that WNS will post 3.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WNS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hhlr Advisors LTD. bought a new position in WNS in the 4th quarter valued at about $72,576,000. Thrivent Financial for Lutherans acquired a new position in shares of WNS in the third quarter valued at approximately $61,726,000. Mesirow Institutional Investment Management Inc. bought a new position in shares of WNS during the fourth quarter worth approximately $14,181,000. 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 purchasing an additional 214,417 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in WNS in the 4th quarter valued at $7,813,000. 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.