WNS (NYSE:WNS) Given New $65.00 Price Target at Needham & Company LLC

WNS (NYSE:WNS) had its target price increased by Needham & Company LLC from $60.00 to $65.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s price target would suggest a potential upside of 10.34% from the stock’s current price.

Several other research analysts also recently issued reports on WNS. Jefferies Financial Group reduced their price target on shares of WNS from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday. TD Cowen cut shares of WNS from a “buy” rating to a “hold” rating and decreased their price target for the company from $64.00 to $53.00 in a research note on Thursday, October 17th. Citigroup set a $55.00 price objective on shares of WNS in a research report on Thursday, October 17th. Barrington Research reiterated an “outperform” rating and issued a $70.00 price objective on shares of WNS in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on WNS from $55.00 to $51.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, WNS presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.29.

WNS Price Performance

Shares of NYSE:WNS traded up $9.41 on Thursday, hitting $58.91. The stock had a trading volume of 679,072 shares, compared to its average volume of 470,077. WNS has a twelve month low of $39.85 and a twelve month high of $72.40. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16. The firm’s 50 day moving average price is $48.45 and its 200-day moving average price is $52.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

WNS (NYSE:WNS) last posted its earnings results on Thursday, January 23rd. The business services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.15). WNS had a net margin of 9.39% and a return on equity of 22.76%. On average, equities research analysts predict that WNS will post 3.51 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mount Yale Investment Advisors LLC raised its position in shares of WNS by 18.1% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,261 shares of the business services provider’s stock worth $249,000 after purchasing an additional 805 shares during the period. Hunter Perkins Capital Management LLC boosted its holdings in shares of WNS by 46.7% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 17,125 shares of the business services provider’s stock valued at $812,000 after buying an additional 5,455 shares during the period. Blue Trust Inc. increased its position in shares of WNS by 65.0% during the fourth quarter. Blue Trust Inc. now owns 4,397 shares of the business services provider’s stock worth $208,000 after acquiring an additional 1,732 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in WNS by 15.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 36,770 shares of the business services provider’s stock valued at $1,743,000 after acquiring an additional 4,852 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in WNS by 30.4% in the 4th quarter. SG Americas Securities LLC now owns 20,196 shares of the business services provider’s stock worth $957,000 after purchasing an additional 4,705 shares during the period. Institutional investors own 97.36% of the company’s stock.

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.