WNS (NYSE:WNS) Hits New 1-Year High - Still a Buy?

Key Points

• WNS (Holdings) Limited shares reached a new 52-week high of $76.39, reflecting a positive trading momentum with a closing price of $76.33.
• Multiple analysts have downgraded WNS’s stock, with the consensus rating now at "Hold" and a price target of $67.43.
• The company reported strong earnings with an EPS of $1.02 for the last quarter, exceeding estimates, and a revenue increase of 9.5% compared to the same quarter last year.

WNS (Holdings) Limited (NYSE:WNS - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $76.39 and last traded at $76.33, with a volume of 20386 shares changing hands. The stock had previously closed at $76.30.

Analyst Upgrades and Downgrades

WNS has been the topic of several research analyst reports. Needham & Company LLC lowered WNS from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 7th. Barrington Research downgraded WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Wall Street Zen downgraded WNS from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Weiss Ratings reiterated a "hold (c)" rating on shares of WNS in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on WNS in a research note 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 eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $67.43.

WNS Trading Up 0.0%

The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.25 and a beta of 0.91. The firm has a 50-day moving average of $75.64 and a 200 day moving average of $67.73.

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

Institutional Investors Weigh In On WNS

Several large investors have recently modified their holdings of the stock. J.Safra Asset Management Corp boosted its position in shares of WNS by 67.7% in the second quarter. J.Safra Asset Management Corp now owns 483 shares of the business services provider's stock worth $29,000 after buying an additional 195 shares during the period. Quarry LP purchased a new stake in shares of WNS during the first quarter worth $47,000. GAMMA Investing LLC raised its holdings in shares of WNS by 49.3% during the third quarter. GAMMA Investing LLC now owns 615 shares of the business services provider's stock worth $47,000 after acquiring an additional 203 shares in the last quarter. Assetmark Inc. raised its holdings in shares of WNS by 17.3% during the second quarter. Assetmark Inc. now owns 909 shares of the business services provider's stock worth $57,000 after acquiring an additional 134 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in WNS by 206.6% during the second 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 in the last quarter. 97.36% of the stock is owned by institutional investors.

About WNS

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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