Citigroup Trims WNS (NYSE:WNS) Target Price to $62.00

WNS (NYSE:WNS - Free Report) had its price objective trimmed by Citigroup from $80.00 to $62.00 in a research report released on Monday morning, Benzinga reports. The firm currently has a buy rating on the business services provider's stock.

WNS has been the subject of several other research reports. Needham & Company LLC restated a buy rating and set a $80.00 price target on shares of WNS in a research report on Friday, March 1st. StockNews.com downgraded shares of WNS from a buy rating to a hold rating in a research report on Tuesday, April 2nd. Finally, Barrington Research restated an outperform rating and set a $72.00 price target on shares of WNS in a research report on Monday, April 15th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $84.13.

WNS Price Performance

Shares of WNS stock traded up $0.15 during trading hours on Monday, reaching $48.00. The stock had a trading volume of 241,949 shares, compared to its average volume of 376,914. The stock's 50 day moving average is $53.88 and its 200 day moving average is $59.11. The firm has a market capitalization of $2.29 billion, a PE ratio of 14.59 and a beta of 1.04. WNS has a twelve month low of $45.09 and a twelve month high of $91.97. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.14.

WNS (NYSE:WNS - Get Free Report) last released its quarterly earnings results on Thursday, January 18th. The business services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $313.21 million. Equities analysts expect that WNS will post 3.44 earnings per share for the current fiscal year.

Institutional Trading of WNS

Large investors have recently bought and sold shares of the business. Lindbrook Capital LLC grew its stake in WNS by 33.0% during the 4th quarter. Lindbrook Capital LLC now owns 754 shares of the business services provider's stock valued at $48,000 after acquiring an additional 187 shares in the last quarter. CWM LLC increased its holdings in shares of WNS by 490.6% during the 4th quarter. CWM LLC now owns 756 shares of the business services provider's stock worth $48,000 after buying an additional 628 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of WNS by 30.4% during the 4th quarter. Parallel Advisors LLC now owns 841 shares of the business services provider's stock worth $53,000 after buying an additional 196 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of WNS during the 4th quarter worth approximately $64,000. Finally, Van ECK Associates Corp increased its holdings in shares of WNS by 41.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,293 shares of the business services provider's stock worth $89,000 after buying an additional 376 shares during the last quarter. Hedge funds and other institutional investors 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.