WNS (NYSE:WNS) Hits New 1-Year High - Here's What Happened

Key Points

• WNS (Holdings) Limited reached a new 52-week high of $76.30, with last trading at $76.29 and a volume of 710,477 shares.
• Several Wall Street analysts downgraded WNS's rating recently, with the current consensus rating being "Hold" and a target price of $67.43.
• WNS reported quarterly earnings of $1.02 per share, exceeding expectations, while its revenue increased by 9.5% year-over-year.

WNS (Holdings) Limited (NYSE:WNS - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $76.30 and last traded at $76.29, with a volume of 710477 shares changing hands. The stock had previously closed at $76.19.

Wall Street Analysts Forecast Growth

WNS has been the subject of several research reports. Barrington Research downgraded WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. William Blair downgraded WNS from a "strong-buy" rating to a "market perform" rating in a report on Monday, July 7th. Baird R W downgraded WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Jefferies Financial Group reissued a "hold" rating and issued a $76.50 target price (down from $80.00) on shares of WNS in a report on Tuesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on WNS in a report on Thursday, July 17th. They issued a "hold" rating and a $76.50 target price for the company. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $67.43.

WNS Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.47 and a current ratio of 1.47. The company has a 50-day simple moving average of $75.37 and a 200-day simple moving average of $66.94. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 2.26 and a beta of 0.91.

WNS (NYSE:WNS - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.05. The firm had revenue of $339.90 million during the quarter, compared to analysts' expectations of $323.13 million. WNS had a return on equity of 22.90% and a net margin of 12.11%.WNS's revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 earnings per share. As a group, research analysts predict that WNS will post 3.8 earnings per share for the current year.

Institutional Trading of WNS

A number of institutional investors have recently bought and sold shares of WNS. J.Safra Asset Management Corp boosted its position in WNS by 67.7% during the second quarter. J.Safra Asset Management Corp now owns 483 shares of the business services provider's stock worth $29,000 after purchasing an additional 195 shares in the last quarter. Quarry LP acquired a new stake in WNS during the 1st quarter valued at $47,000. Assetmark Inc. grew its holdings in WNS by 17.3% during the 2nd quarter. Assetmark Inc. now owns 909 shares of the business services provider's stock valued at $57,000 after buying an additional 134 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in WNS by 206.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,432 shares of the business services provider's stock valued at $91,000 after buying an additional 965 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in WNS during the 1st quarter valued at $96,000. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

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.

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