WNS (WNS) Given New $56.00 Price Target at Maxim Group

WNS (NYSE:WNS) had its target price upped by stock analysts at Maxim Group from $42.00 to $56.00 in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the business services provider’s stock. Maxim Group’s target price would suggest a potential upside of 30.32% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Citigroup reaffirmed a “buy” rating and set a $50.00 price objective (up from $43.00) on shares of WNS in a research report on Thursday. Cantor Fitzgerald reissued a “buy” rating and set a $42.00 price target on shares of WNS in a research report on Friday, January 5th. Robert W. Baird reissued a “buy” rating and set a $46.00 price target on shares of WNS in a research report on Thursday, December 21st. ValuEngine cut WNS from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, Needham & Company LLC increased their price target on WNS from $46.00 to $52.00 and gave the company a “strong-buy” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. WNS presently has an average rating of “Buy” and a consensus target price of $45.00.

WNS (NYSE:WNS) traded up $1.52 during mid-day trading on Thursday, hitting $42.97. The stock had a trading volume of 387,500 shares, compared to its average volume of 300,391. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2,087.74, a PE ratio of 46.20, a P/E/G ratio of 1.82 and a beta of 1.02. WNS has a 52 week low of $27.04 and a 52 week high of $43.18.

WNS (NYSE:WNS) last posted its quarterly earnings data on Friday, October 27th. The business services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.04. The company had revenue of $182.30 million during the quarter, compared to analysts’ expectations of $175.36 million. WNS had a return on equity of 19.23% and a net margin of 7.24%. WNS’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. sell-side analysts anticipate that WNS will post 1.59 earnings per share for the current fiscal year.

WNS declared that its Board of Directors has approved a stock repurchase plan on Thursday, January 18th that authorizes the company to buyback 3,300,000 shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can lifted its position in shares of WNS by 78.3% in the fourth quarter. Bank of Montreal Can now owns 107,523 shares of the business services provider’s stock valued at $4,315,000 after buying an additional 47,208 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of WNS by 5.9% in the third quarter. California Public Employees Retirement System now owns 112,929 shares of the business services provider’s stock valued at $4,122,000 after buying an additional 6,329 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of WNS by 31.5% in the third quarter. Cubist Systematic Strategies LLC now owns 19,134 shares of the business services provider’s stock valued at $698,000 after buying an additional 4,584 shares during the last quarter. Lenox Wealth Management Inc. lifted its position in shares of WNS by 30.2% in the third quarter. Lenox Wealth Management Inc. now owns 17,606 shares of the business services provider’s stock valued at $642,000 after buying an additional 4,088 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of WNS by 6.0% in the third quarter. Envestnet Asset Management Inc. now owns 83,576 shares of the business services provider’s stock valued at $3,051,000 after buying an additional 4,701 shares during the last quarter. 85.95% of the stock is owned by hedge funds and other institutional investors.

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WNS Company Profile

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.