StockNews.com Downgrades WNS (NYSE:WNS) to Hold

WNS (NYSE:WNS - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Tuesday.

A number of other equities analysts have also commented on WNS. Needham & Company LLC reiterated a "buy" rating and set a $80.00 price target on shares of WNS in a report on Friday, March 1st. Citigroup lifted their price target on shares of WNS from $73.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday, January 17th. Finally, Barrington Research cut their price target on shares of WNS from $80.00 to $72.00 and set an "outperform" rating on the stock in a report on Monday, February 5th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.88.

WNS Price Performance

WNS stock traded down $1.13 during mid-day trading on Tuesday, reaching $49.97. The company had a trading volume of 337,525 shares, compared to its average volume of 364,454. WNS has a fifty-two week low of $49.06 and a fifty-two week high of $94.96. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.14. The company has a market cap of $2.39 billion, a P/E ratio of 15.19 and a beta of 1.04. The business has a fifty day simple moving average of $58.39 and a 200 day simple moving average of $61.05.

WNS (NYSE:WNS - Get Free Report) last issued its earnings results on Thursday, January 18th. The business services provider reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.18. WNS had a net margin of 12.59% and a return on equity of 21.71%. The firm had revenue of $315.90 million for the quarter, compared to analyst estimates of $313.21 million. On average, equities research analysts predict that WNS will post 3.44 earnings per share for the current year.

Hedge Funds Weigh In On WNS

Several hedge funds and other institutional investors have recently bought and sold shares of the company. 1832 Asset Management L.P. acquired a new position in shares of WNS during the fourth quarter valued at about $40,000. Lindbrook Capital LLC raised its holdings in shares of WNS by 33.0% during the fourth quarter. Lindbrook Capital LLC now owns 754 shares of the business services provider's stock valued at $48,000 after purchasing an additional 187 shares during the period. CWM LLC raised its holdings in shares of WNS by 490.6% during the fourth quarter. CWM LLC now owns 756 shares of the business services provider's stock valued at $48,000 after purchasing an additional 628 shares during the period. Parallel Advisors LLC raised its holdings in shares of WNS by 30.4% during the fourth quarter. Parallel Advisors LLC now owns 841 shares of the business services provider's stock valued at $53,000 after purchasing an additional 196 shares during the period. Finally, SRS Capital Advisors Inc. acquired a new position in shares of WNS during the first quarter valued at about $53,000. Institutional investors and hedge funds own 97.36% of the company's stock.

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.

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