WNS (Holdings) Limited (NYSE:WNS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday. The firm currently has a $37.00 target price on the business services provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 9.82% from the company’s current price.
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. “
Separately, Maxim Group restated a “buy” rating and issued a $36.00 price target on shares of WNS (Holdings) Limited in a report on Thursday, March 16th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $35.00.
Shares of WNS (NYSE:WNS) opened at 33.69 on Friday. WNS has a one year low of $24.82 and a one year high of $33.84. The firm has a 50-day moving average of $30.79 and a 200-day moving average of $28.35. The stock has a market cap of $1.68 billion, a PE ratio of 47.45 and a beta of 0.96.
WNS (Holdings) Limited (NYSE:WNS) last posted its quarterly earnings results on Thursday, April 27th. The business services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. WNS (Holdings) Limited had a net margin of 10.02% and a return on equity of 19.83%. The business had revenue of $159.40 million during the quarter, compared to analyst estimates of $143.21 million. During the same quarter in the previous year, the business posted $0.44 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts expect that WNS will post $1.98 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in WNS. Advisors Preferred LLC bought a new stake in WNS (Holdings) Limited during the first quarter valued at $140,000. Bailard Inc. bought a new stake in WNS (Holdings) Limited during the first quarter valued at $205,000. PNC Financial Services Group Inc. increased its stake in WNS (Holdings) Limited by 28.0% in the first quarter. PNC Financial Services Group Inc. now owns 7,860 shares of the business services provider’s stock valued at $224,000 after buying an additional 1,720 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in WNS (Holdings) Limited during the first quarter valued at $292,000. Finally, Marshall Wace LLP bought a new stake in WNS (Holdings) Limited during the fourth quarter valued at $307,000. 87.95% of the stock is currently owned by institutional investors.
About WNS (Holdings) Limited
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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