WNS (WNS) PT Raised to $50.00

WNS (NYSE:WNS) had its target price raised by Loop Capital to $50.00 in a report issued on Friday morning, The Fly reports. The brokerage currently has a buy rating on the business services provider’s stock.

Several other research firms have also commented on WNS. Robert W. Baird lowered shares of WNS from an outperform rating to a neutral rating in a report on Friday. Citigroup reaffirmed a buy rating and set a $50.00 target price (up previously from $43.00) on shares of WNS in a report on Thursday, January 18th. Maxim Group increased their target price on shares of WNS from $42.00 to $56.00 and gave the company a buy rating in a report on Thursday, January 18th. Needham & Company LLC increased their target price 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. Finally, ValuEngine lowered shares of WNS from a buy rating to a hold rating in a report on Thursday, December 7th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $47.62.

WNS (NYSE:WNS) opened at $44.62 on Friday. The company has a quick ratio of 2.37, a current ratio of 2.54 and a debt-to-equity ratio of 0.16. WNS has a twelve month low of $27.43 and a twelve month high of $46.00. The company has a market cap of $2,217.22, a price-to-earnings ratio of 40.94, a PEG ratio of 1.88 and a beta of 1.02.

WNS (NYSE:WNS) last released its earnings results on Thursday, January 18th. The business services provider reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.06. WNS had a net margin of 7.96% and a return on equity of 20.19%. The company had revenue of $185.20 million for the quarter, compared to analyst estimates of $175.85 million. During the same quarter last year, the firm earned $0.49 EPS. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. 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 stock buyback plan on Thursday, January 18th that permits the company to buyback 3,300,000 shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. boosted its position in WNS by 12.0% during the 3rd quarter. Macquarie Group Ltd. now owns 1,211,191 shares of the business services provider’s stock valued at $44,208,000 after buying an additional 129,938 shares during the period. Neumeier Poma Investment Counsel LLC boosted its position in WNS by 5.8% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 1,177,150 shares of the business services provider’s stock valued at $42,966,000 after buying an additional 64,225 shares during the period. Alliancebernstein L.P. boosted 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 valued at $18,085,000 after buying an additional 283,085 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in WNS by 17.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 485,389 shares of the business services provider’s stock valued at $16,678,000 after buying an additional 71,934 shares during the period. Finally, Russell Investments Group Ltd. boosted 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 valued at $9,938,000 after buying an additional 189,308 shares during the period. 86.04% 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.

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