WNS (WNS) Given Strong-Buy Rating at Needham & Company LLC

WNS (NYSE:WNS)‘s stock had its “strong-buy” rating restated by equities research analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday, Marketbeat reports. They currently have a $65.00 price objective on the business services provider’s stock, up from their previous price objective of $52.00. Needham & Company LLC’s price objective would indicate a potential upside of 24.59% from the company’s current price.

Several other equities analysts have also recently commented on the stock. ValuEngine cut shares of WNS from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research lowered shares of WNS from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a research note on Saturday, January 19th. Cantor Fitzgerald raised their price target on shares of WNS to $61.00 and gave the company an “overweight” rating in a research note on Friday, January 18th. Loop Capital raised their price objective on shares of WNS to $65.00 and gave the company a “buy” rating in a research note on Friday, January 18th. Finally, Barrington Research restated a “buy” rating and issued a $60.00 price target on shares of WNS in a research report on Tuesday, January 15th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $59.83.

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Shares of WNS stock opened at $52.17 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market cap of $2.70 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. WNS has a 1-year low of $39.24 and a 1-year high of $54.49.

WNS (NYSE:WNS) last issued its quarterly earnings results on Thursday, January 17th. The business services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. WNS had a net margin of 12.52% and a return on equity of 23.78%. The business had revenue of $199.70 million for the quarter, compared to analysts’ expectations of $195.32 million. During the same quarter last year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that WNS will post 2.18 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the company. We Are One Seven LLC acquired a new stake in shares of WNS during the 4th quarter valued at about $27,000. NumerixS Investment Technologies Inc acquired a new stake in shares of WNS during the 4th quarter valued at about $70,000. Advisors Asset Management Inc. boosted its position in shares of WNS by 103.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,738 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 1,390 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of WNS by 599.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,076 shares of the business services provider’s stock valued at $156,000 after acquiring an additional 2,636 shares in the last quarter. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of WNS during the 4th quarter valued at about $181,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

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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