WNS (WNS) Downgraded to “Neutral” at Robert W. Baird

Robert W. Baird lowered shares of WNS (NYSE:WNS) from an outperform rating to a neutral rating in a research note published on Friday morning.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of WNS from a hold rating to a buy rating and set a $42.00 price target for the company in a report on Thursday, November 2nd. Cantor Fitzgerald reaffirmed a buy rating and set a $42.00 price target on shares of WNS in a report on Friday, January 5th. Needham & Company LLC reaffirmed a strong-buy rating and set a $46.00 price target (up previously from $42.00) on shares of WNS in a report on Sunday, October 29th. Maxim Group upped their price target on shares of WNS from $42.00 to $56.00 and gave the stock a buy rating in a report on Thursday. Finally, Cowen reaffirmed a buy rating and set a $42.00 price target on shares of WNS in a report on Thursday, October 12th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $47.62.

Shares of WNS (NYSE:WNS) opened at $44.08 on Friday. 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 stock has a market cap of $2,220.22, a PE ratio of 40.44, a price-to-earnings-growth ratio of 1.93 and a beta of 1.02. WNS has a twelve month low of $27.43 and a twelve month high of $46.00.

WNS (NYSE:WNS) last posted its quarterly earnings data on Thursday, January 18th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.06. The firm had revenue of $185.20 million during the quarter, compared to the consensus estimate of $175.85 million. WNS had a net margin of 7.96% and a return on equity of 20.71%. The business’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 EPS. equities research analysts expect that WNS will post 1.63 earnings per share for the current fiscal year.

WNS announced that its Board of Directors has authorized a share buyback program on Thursday, January 18th that permits the company to buyback 3,300,000 shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

A number of hedge funds have recently added to or reduced their stakes in WNS. Alliancebernstein L.P. increased its position in WNS by 116.4% during the 2nd quarter. Alliancebernstein L.P. now owns 526,325 shares of the business services provider’s stock worth $18,085,000 after purchasing an additional 283,085 shares in the last quarter. Macquarie Group Ltd. increased its position in WNS by 32.6% during the 2nd quarter. Macquarie Group Ltd. now owns 1,081,253 shares of the business services provider’s stock worth $37,152,000 after purchasing an additional 265,904 shares in the last quarter. Russell Investments Group Ltd. increased its position in WNS by 228.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 272,284 shares of the business services provider’s stock worth $9,938,000 after purchasing an additional 189,308 shares in the last quarter. Lazard Asset Management LLC increased its position in WNS by 183.0% during the 2nd quarter. Lazard Asset Management LLC now owns 235,060 shares of the business services provider’s stock worth $8,076,000 after purchasing an additional 152,014 shares in the last quarter. Finally, Pier Capital LLC acquired a new position in WNS during the 3rd quarter worth approximately $5,504,000. Institutional investors and hedge funds own 85.95% of the company’s stock.

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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.

Analyst Recommendations for WNS (NYSE:WNS)

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