Robert W. Baird Lowers WNS (WNS) to Neutral

WNS (NYSE:WNS) was downgraded by Robert W. Baird from an “outperform” rating to a “neutral” rating in a report released on Friday.

Several other analysts have also weighed in on WNS. Citigroup reaffirmed a “buy” rating and set a $50.00 price objective (up previously from $43.00) on shares of WNS in a report on Thursday. Maxim Group raised their price objective on shares of WNS from $42.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday. SunTrust Banks reaffirmed a “buy” rating and set a $41.00 price objective on shares of WNS in a report on Monday, October 9th. Cowen reaffirmed a “buy” rating and set a $42.00 price objective on shares of WNS in a report on Thursday, October 12th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $38.00 price objective on shares of WNS in a report on Friday, October 27th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $46.85.

WNS (NYSE WNS) traded down $1.20 during trading hours on Friday, reaching $44.08. 313,415 shares of the company traded hands, compared to its average volume of 220,380. WNS has a 52-week low of $27.43 and a 52-week high of $46.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.37 and a quick ratio of 2.37. The firm has a market capitalization of $2,280.64, a price-to-earnings ratio of 26.33, a PEG ratio of 1.98 and a beta of 1.02.

WNS (NYSE:WNS) last posted its quarterly earnings results on Thursday, January 18th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.06. The firm had revenue of $185.20 million during the quarter, compared to analyst estimates of $175.85 million. WNS had a net margin of 7.96% and a return on equity of 20.71%. The company’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 earnings per share. equities research analysts expect that WNS will post 1.59 earnings per share for the current fiscal year.

WNS announced that its Board of Directors has authorized a share repurchase plan on Thursday, January 18th that authorizes the company to repurchase 3,300,000 shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Institutional investors have recently modified their holdings of the stock. OLD National Bancorp IN acquired a new stake in shares of WNS in the third quarter valued at approximately $202,000. Trexquant Investment LP acquired a new stake in shares of WNS in the third quarter valued at approximately $210,000. Advisor Group Inc. increased its holdings in shares of WNS by 731.2% in the third quarter. Advisor Group Inc. now owns 6,417 shares of the business services provider’s stock valued at $234,000 after purchasing an additional 5,645 shares in the last quarter. 1st Global Advisors Inc. acquired a new stake in shares of WNS in the second quarter valued at approximately $223,000. Finally, BT Investment Management Ltd acquired a new stake in shares of WNS in the third quarter valued at approximately $287,000. 85.95% of the stock is owned by institutional investors and hedge funds.

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About WNS

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.

Analyst Recommendations for WNS (NYSE:WNS)

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