WNS (NYSE:WNS) Sets New 12-Month Low Following Analyst Downgrade

WNS (Holdings) Limited (NYSE:WNS - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday after Needham & Company LLC lowered their price target on the stock from $80.00 to $60.00. Needham & Company LLC currently has a buy rating on the stock. WNS traded as low as $41.04 and last traded at $43.29, with a volume of 331989 shares trading hands. The stock had previously closed at $46.86.

Other equities research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of WNS from a "buy" rating to a "hold" rating in a report on Tuesday, April 2nd. Citigroup dropped their price target on shares of WNS from $80.00 to $62.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Barrington Research reiterated an "outperform" rating and issued a $72.00 price target on shares of WNS in a research report on Monday, April 15th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, WNS has a consensus rating of "Moderate Buy" and a consensus price target of $81.63.

Institutional Trading of WNS

Several institutional investors and hedge funds have recently bought and sold shares of WNS. IFP Advisors Inc acquired a new stake in WNS during the 3rd quarter worth about $361,000. Raymond James & Associates grew its stake in WNS by 4.6% during the 3rd quarter. Raymond James & Associates now owns 11,138 shares of the business services provider's stock valued at $763,000 after acquiring an additional 494 shares in the last quarter. Bank of New York Mellon Corp grew its stake in WNS by 1.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 30,356 shares of the business services provider's stock valued at $2,078,000 after acquiring an additional 532 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in WNS by 6.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 10,465 shares of the business services provider's stock valued at $716,000 after acquiring an additional 615 shares in the last quarter. Finally, Advisor Partners II LLC purchased a new position in WNS during the 3rd quarter valued at about $446,000. Institutional investors and hedge funds own 97.36% of the company's stock.

WNS Trading Down 10.4 %

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.82 and a current ratio of 1.82. The company has a 50 day simple moving average of $53.17 and a two-hundred day simple moving average of $58.77. The company has a market cap of $2.01 billion, a PE ratio of 12.76 and a beta of 1.04.

About WNS

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