WNS (Holdings) Ltd. (NYSE:WNS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued 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. “
Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. reiterated a “buy” rating and set a $32.00 price objective on shares of WNS (Holdings) in a research report on Monday, July 18th. Needham & Company LLC reiterated a “buy” rating on shares of WNS (Holdings) in a research report on Sunday, July 17th. Cantor Fitzgerald reiterated a “buy” rating on shares of WNS (Holdings) in a research report on Sunday, July 17th. Deutsche Bank AG reiterated a “buy” rating on shares of WNS (Holdings) in a research report on Sunday, July 17th. Finally, Citigroup Inc. reissued a “buy” rating on shares of WNS (Holdings) in a research note on Saturday, July 9th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $36.00.
Shares of WNS (NYSE:WNS) opened at 27.54 on Wednesday. WNS has a 1-year low of $25.01 and a 1-year high of $34.37. The firm’s 50-day moving average price is $29.36 and its 200 day moving average price is $29.58. The stock has a market capitalization of $1.40 billion, a P/E ratio of 24.81 and a beta of 0.85.
WNS (Holdings) (NYSE:WNS) last posted its quarterly earnings data on Thursday, July 14th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. WNS (Holdings) had a net margin of 10.30% and a return on equity of 21.83%. The firm had revenue of $148 million for the quarter, compared to analysts’ expectations of $135.19 million. During the same period in the previous year, the company posted $0.42 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Analysts expect that WNS will post $1.86 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in WNS (Holdings) by 390.5% in the first quarter. BlackRock Inc. now owns 26,614 shares of the company’s stock worth $815,000 after buying an additional 21,188 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new position in WNS (Holdings) during the first quarter worth $342,000. Cupps Capital Management LLC raised 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 worth $3,797,000 after buying an additional 590 shares in the last quarter. Lazard Asset Management LLC raised its position in WNS (Holdings) by 86.0% in the first quarter. Lazard Asset Management LLC now owns 8,529 shares of the company’s stock worth $261,000 after buying an additional 3,943 shares in the last quarter. Finally, UBS Group AG raised its position in WNS (Holdings) by 139.3% in the first quarter. UBS Group AG now owns 26,155 shares of the company’s stock worth $801,000 after buying an additional 15,227 shares in the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.
About WNS (Holdings)
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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