WNS (Holdings) Limited (NYSE:WNS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm presently has a $42.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 10.76% from the stock’s current price.

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. “

Other equities analysts have also recently issued reports about the company. Bank of America Corporation increased their price target on WNS (Holdings) Limited from $37.00 to $38.00 and gave the company a “buy” rating in a report on Friday, July 21st. Cowen and Company reaffirmed a “buy” rating and issued a $39.00 target price on shares of WNS (Holdings) Limited in a report on Friday, July 21st. Citigroup Inc. raised their target price on WNS (Holdings) Limited from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Wedbush initiated coverage on WNS (Holdings) Limited in a report on Thursday, August 3rd. They issued an “outperform” rating and a $42.00 target price on the stock. Finally, Loop Capital reaffirmed a “buy” rating and issued a $44.00 target price (up from $41.00) on shares of WNS (Holdings) Limited in a report on Monday. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $42.33.

WNS (Holdings) Limited (NYSE:WNS) last released its quarterly earnings results on Friday, October 27th. The business services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.04. The firm had revenue of $182.30 million for the quarter, compared to analysts’ expectations of $175.36 million. WNS (Holdings) Limited had a return on equity of 19.23% and a net margin of 7.24%. The company’s revenue was up 26.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS.

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Several institutional investors have recently modified their holdings of WNS. Ironwood Financial llc purchased a new position in WNS (Holdings) Limited in the first quarter worth about $104,000. First Mercantile Trust Co. grew its position in WNS (Holdings) Limited by 6.6% in the third quarter. First Mercantile Trust Co. now owns 4,690 shares of the business services provider’s stock worth $140,000 after acquiring an additional 290 shares in the last quarter. Advisors Preferred LLC purchased a new position in WNS (Holdings) Limited in the first quarter worth about $140,000. Huntington National Bank purchased a new position in WNS (Holdings) Limited in the second quarter worth about $135,000. Finally, OLD National Bancorp IN purchased a new position in WNS (Holdings) Limited in the third quarter worth about $202,000. Hedge funds and other institutional investors own 85.72% of the company’s stock.

About WNS (Holdings) Limited

WNS (Holdings) Limited is a global provider of business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company’s segments include WNS Global BPM and WNS Auto Claims BPM. Its operating segments include travel, insurance, banking and financial services, healthcare, utilities, retail and consumer products groups, auto claims and others.

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