WNS (NYSE:WNS) Earns Outperform Rating from Wedbush

Wedbush restated their outperform rating on shares of WNS (NYSE:WNS) in a research report sent to investors on Tuesday, Zacks.com reports.

Several other brokerages have also recently weighed in on WNS. Barrington Research lifted their price objective on WNS from $68.00 to $72.00 and gave the company an outperform rating in a report on Friday. Cantor Fitzgerald lifted their price objective on WNS from $63.00 to $68.00 and gave the company an overweight rating in a report on Friday. Cowen lifted their price objective on WNS from $62.00 to $70.00 and gave the company an outperform rating in a report on Friday. Finally, Zacks Investment Research cut Green Plains from a hold rating to a strong sell rating in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $65.63.

Shares of NYSE WNS traded up $0.56 during midday trading on Tuesday, hitting $62.86. 184,450 shares of the company’s stock were exchanged, compared to its average volume of 151,982. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.06. WNS has a 12 month low of $39.24 and a 12 month high of $63.52. The business has a 50 day moving average of $58.76. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 2.20 and a beta of 1.05.

WNS (NYSE:WNS) last released its quarterly earnings results on Thursday, July 18th. The business services provider reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.24. The business had revenue of $214.60 million during the quarter, compared to analysts’ expectations of $207.51 million. WNS had a return on equity of 24.35% and a net margin of 13.44%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. As a group, equities analysts forecast that WNS will post 2.3 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Summit Creek Advisors LLC acquired a new stake in shares of WNS during the 2nd quarter worth about $9,601,000. Harbour Capital Advisors LLC acquired a new position in WNS in the second quarter worth $308,000. FMR LLC boosted its holdings in WNS by 2.5% in the first quarter. FMR LLC now owns 4,810,675 shares of the business services provider’s stock worth $256,265,000 after purchasing an additional 118,100 shares during the period. Diversified Trust Co acquired a new position in shares of WNS during the first quarter valued at $211,000. Finally, Clearbridge Investments LLC boosted its holdings in shares of WNS by 2.6% during the first quarter. Clearbridge Investments LLC now owns 366,148 shares of the business services provider’s stock valued at $19,505,000 after acquiring an additional 9,301 shares during the period. 94.14% of the stock is owned by institutional investors.

WNS Company Profile

WNS (Holdings) Limited, a business process management company, together with its subsidiaries, provides data, voice, analytical, and business transformation services worldwide. It operates through two segments, WNS Global BPM and WNS Auto Claims BPM. The company offers industry-specific services to clients primarily in insurance; travel and leisure; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; utilities; consulting and professional services; healthcare; banking and financial services; and shipping and logistics industries.

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Analyst Recommendations for WNS (NYSE:WNS)

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