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WNS Holdings (NYSE:WNS) shares saw unusually-strong trading volume on Friday following a better than expected earnings announcement, Stock Ratings Network reports. Approximately 124,335 shares were traded during mid-day trading, an increase of 62% from the previous session’s volume of 76,645 shares.The stock last traded at $20.57 and had previously closed at $20.28.

The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. The company had revenue of $131.00 million for the quarter, compared to the consensus estimate of $119.44 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis.

Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of WNS Holdings in a research note on Friday. They now have a $24.00 price target on the stock. Separately, analysts at Needham & Company LLC initiated coverage on shares of WNS Holdings in a research note on Tuesday, June 24th. They set a “buy” rating and a $25.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of WNS Holdings in a research note on Thursday, May 1st. They now have a $21.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $23.38.

The stock has a 50-day moving average of $18.4 and a 200-day moving average of $19.43. The company has a market cap of $1.047 billion and a price-to-earnings ratio of 25.67.

WNS (NYSE:WNS) Limited is a provider of offshore business process outsourcing (BPO) services.

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