WNS (Holdings) Ltd. (WNS) Cut to “Hold” at Zacks Investment Research
WNS (Holdings) Ltd. (NYSE:WNS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “WNS HOLDINGS is a recognized leader in business process outsourcing.Their proposition is simple: They deliver value to their clients by bringing operational excellence and deep industry and functional knowledge to their critical business processes. They serve several industries, including travel, insurance, financial services, healthcare, professional services, manufacturing, distribution and retail. They also provide essential corporate functions, such as finance and accounting, human resources research and analytics. “
WNS has been the topic of several other research reports. Robert W. Baird upgraded WNS (Holdings) from a “neutral” rating to an “outperform” rating and set a $35.00 price objective on the stock in a report on Tuesday, July 5th. Cowen and Company initiated coverage on WNS (Holdings) in a report on Wednesday, July 20th. They set a “market perform” rating on the stock. SunTrust Banks Inc. upgraded WNS (Holdings) from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $31.00 to $36.00 in a report on Tuesday, August 9th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $32.00 price objective on shares of WNS (Holdings) in a report on Monday, July 18th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of WNS (Holdings) in a report on Sunday, July 17th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. WNS (Holdings) has a consensus rating of “Buy” and an average target price of $36.00.
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Shares of WNS (NYSE:WNS) traded up 1.12% during midday trading on Wednesday, reaching $27.90. The company’s stock had a trading volume of 196,270 shares. The company has a 50-day moving average price of $29.47 and a 200-day moving average price of $29.60. WNS has a 12 month low of $25.01 and a 12 month high of $34.37. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 25.14 and a beta of 0.85.
WNS (Holdings) (NYSE:WNS) last issued its earnings results on Thursday, July 14th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. WNS (Holdings) had a return on equity of 21.83% and a net margin of 10.30%. The firm had revenue of $148 million for the quarter, compared to analysts’ expectations of $135.19 million. During the same quarter last year, the business earned $0.42 earnings per share. The company’s revenue was up 10.4% compared to the same quarter last year. Equities analysts expect that WNS will post $1.86 earnings per share for the current year.
Large investors have recently made changes to their positions in the stock. A.R.T. Advisors LLC purchased a new stake in shares of WNS (Holdings) during the first quarter worth about $524,000. Clark Capital Management Group Inc. raised its stake in shares of WNS (Holdings) by 17.7% in the first quarter. Clark Capital Management Group Inc. now owns 74,839 shares of the company’s stock worth $2,293,000 after buying an additional 11,244 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of WNS (Holdings) by 2,267.9% in the first quarter. Envestnet Asset Management Inc. now owns 75,749 shares of the company’s stock worth $2,321,000 after buying an additional 72,550 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of WNS (Holdings) by 1.1% in the first quarter. Nuveen Asset Management LLC now owns 40,518 shares of the company’s stock worth $1,241,000 after buying an additional 448 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of WNS (Holdings) by 1.7% in the first quarter. Renaissance Technologies LLC now owns 1,277,500 shares of the company’s stock worth $39,143,000 after buying an additional 21,697 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.
WNS (Holdings) Company Profile
WNS (Holdings) Limited (WNS) is engaged in providing business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company operates through two business segments: WNS Global BPM and WNS Auto Claims BPM. The WNS Global BPM segment is delivered out of the Company’s delivery centers in China, Costa Rica, India, the Philippines, Poland, Romania, South Africa, Sri Lanka, the United Kingdom and the United States.
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