WNS (Holdings) Ltd. (WNS) Downgraded by 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. “
A number of other equities research analysts have also recently issued reports on the stock. Robert W. Baird boosted their target price on shares of WNS (Holdings) from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, September 15th. SunTrust Banks Inc. raised shares of WNS (Holdings) from a “neutral” rating to a “buy” rating and boosted their target price for the company from $31.00 to $36.00 in a research report on Tuesday, August 9th. Cowen and Company started coverage on shares of WNS (Holdings) in a research report on Wednesday, July 20th. They set a “market perform” rating for the company. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $32.00 price objective on shares of WNS (Holdings) in a research report on Monday, July 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of WNS (Holdings) in a research 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. The company currently has a consensus rating of “Buy” and a consensus price target of $36.00.
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Shares of WNS (NYSE:WNS) traded up 0.98% during mid-day trading on Wednesday, reaching $27.86. 23,757 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $29.47 and its 200-day moving average is $29.60. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 25.10 and a beta of 0.85. WNS has a 52-week low of $25.01 and a 52-week high of $34.37.
WNS (Holdings) (NYSE:WNS) last announced its earnings results on Thursday, July 14th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The company earned $148 million during the quarter, compared to analysts’ expectations of $135.19 million. WNS (Holdings) had a net margin of 10.30% and a return on equity of 21.83%. WNS (Holdings)’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 earnings per share. On average, equities analysts expect that WNS will post $1.86 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. 1st Global Advisors Inc. increased its position in shares of WNS (Holdings) by 3.2% in the second quarter. 1st Global Advisors Inc. now owns 8,582 shares of the company’s stock valued at $232,000 after buying an additional 265 shares during the last quarter. First Mercantile Trust Co. increased its position in WNS (Holdings) by 6.6% in the third quarter. First Mercantile Trust Co. now owns 4,690 shares of the company’s stock valued at $140,000 after buying an additional 290 shares in the last quarter. Nuveen Asset Management LLC increased its position in WNS (Holdings) by 1.1% in the first quarter. Nuveen Asset Management LLC now owns 40,518 shares of the company’s stock valued at $1,241,000 after buying an additional 448 shares in the last quarter. Cupps Capital Management LLC increased its position in WNS (Holdings) by 0.5% in the first quarter. Cupps Capital Management LLC now owns 123,955 shares of the company’s stock valued at $3,797,000 after buying an additional 590 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its position in WNS (Holdings) by 0.7% in the second quarter. Rice Hall James & Associates LLC now owns 501,701 shares of the company’s stock valued at $13,546,000 after buying an additional 3,310 shares in the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.
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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