WNS (NYSE:WNS) had its target price boosted by equities research analysts at SunTrust Banks to $50.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm presently has a “buy” rating on the business services provider’s stock. SunTrust Banks’ target price points to a potential upside of 13.43% from the stock’s previous close. SunTrust Banks also issued estimates for WNS’s Q4 2019 earnings at $0.51 EPS and FY2020 earnings at $2.16 EPS.
WNS has been the topic of several other reports. Cantor Fitzgerald restated a “buy” rating and set a $38.00 price target on shares of WNS in a report on Friday, October 27th. Needham & Company LLC boosted their price target on shares of WNS from $46.00 to $52.00 and gave the company a “strong-buy” rating in a report on Friday, December 1st. Robert W. Baird restated a “buy” rating and set a $46.00 price target on shares of WNS in a report on Thursday, December 21st. ValuEngine cut shares of WNS from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Maxim Group restated a “buy” rating and set a $42.00 price target on shares of WNS in a report on Friday, October 27th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $46.85.
WNS (NYSE WNS) traded down $1.20 during trading on Friday, hitting $44.08. 313,415 shares of the stock traded hands, compared to its average volume of 220,380. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.37 and a current ratio of 2.37. WNS has a fifty-two week low of $27.43 and a fifty-two week high of $46.00. The stock has a market cap of $2,280.64, a PE ratio of 26.33, a P/E/G 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 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. WNS had a net margin of 7.96% and a return on equity of 20.71%. The business had revenue of $185.20 million for the quarter, compared to analysts’ expectations of $175.85 million. During the same period in the previous year, the company posted $0.49 EPS. WNS’s revenue was up 32.5% on a year-over-year basis. research analysts anticipate that WNS will post 1.59 earnings per share for the current year.
WNS announced that its Board of Directors has initiated a share buyback program on Thursday, January 18th that allows the company to repurchase 3,300,000 shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
A number of large investors have recently modified their holdings of the stock. Tygh Capital Management Inc. boosted its holdings in WNS by 33.8% during the third quarter. Tygh Capital Management Inc. now owns 181,912 shares of the business services provider’s stock valued at $6,640,000 after acquiring an additional 45,942 shares during the period. Ameriprise Financial Inc. boosted its holdings in WNS by 5.9% during the second quarter. Ameriprise Financial Inc. now owns 232,411 shares of the business services provider’s stock valued at $7,986,000 after acquiring an additional 12,910 shares during the period. Mitra Capital LLC bought a new stake in WNS during the second quarter valued at about $2,178,000. BT Investment Management Ltd bought a new stake in WNS during the third quarter valued at about $287,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in WNS by 31.5% during the third quarter. Cubist Systematic Strategies LLC now owns 19,134 shares of the business services provider’s stock valued at $698,000 after acquiring an additional 4,584 shares during the period. Hedge funds and other institutional investors own 85.95% of the company’s stock.
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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.