WNS (NYSE:WNS) Shares Down 5% – Should You Sell?

Shares of WNS (Holdings) Limited (NYSE:WNS) traded down 5% on Monday . The company traded as low as $46.10 and last traded at $46.18. 84,981 shares were traded during trading, a decline of 83% from the average session volume of 486,550 shares. The stock had previously closed at $48.60.

Wall Street Analysts Forecast Growth

WNS has been the subject of several recent analyst reports. Citigroup set a $55.00 price objective on shares of WNS in a research report on Thursday, October 17th. TD Cowen downgraded shares of WNS from a “buy” rating to a “hold” rating and decreased their price objective for the company from $64.00 to $53.00 in a research note on Thursday, October 17th. JPMorgan Chase & Co. lifted their target price on WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Needham & Company LLC reduced their target price on WNS from $70.00 to $60.00 and set a “buy” rating for the company in a report on Friday, October 18th. Finally, Barrington Research restated an “outperform” rating and set a $70.00 price target on shares of WNS in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $60.33.

WNS Stock Performance

The stock has a market cap of $2.27 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.93 and a beta of 1.14. The stock has a fifty day moving average of $49.97 and a 200-day moving average of $53.31. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.

WNS (NYSE:WNS) last released its earnings results on Thursday, October 17th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.21. WNS had a return on equity of 22.76% and a net margin of 9.39%. The business had revenue of $310.70 million for the quarter, compared to analyst estimates of $313.66 million. On average, equities analysts forecast that WNS will post 3.52 EPS for the current year.

Hedge Funds Weigh In On WNS

A number of large investors have recently modified their holdings of the business. Thrivent Financial for Lutherans purchased a new stake in WNS during the third quarter worth about $61,726,000. Allspring Global Investments Holdings LLC grew its holdings in shares of WNS by 84.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 591,052 shares of the business services provider’s stock worth $31,030,000 after acquiring an additional 270,117 shares during the period. State Street Corp increased its stake in WNS by 40.5% in the 3rd quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock valued at $39,182,000 after purchasing an additional 214,417 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in WNS by 11.9% during the second quarter. Diamond Hill Capital Management Inc. now owns 1,777,557 shares of the business services provider’s stock worth $93,322,000 after purchasing an additional 188,616 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in WNS by 478.1% during the second quarter. Bank of New York Mellon Corp now owns 154,725 shares of the business services provider’s stock worth $8,123,000 after purchasing an additional 127,960 shares in the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.

WNS Company Profile

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through TSLU, MRHP, HCLS, and BFSI segments. It engages in diversified business, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure, utilities, shipping, and logistics; healthcare and life sciences; banking, financial services, and insurance; and Hi-tech and professional services, as well as procurement.