WNS (NYSE:WNS) Hits New 12-Month High After Earnings Beat

WNS (Holdings) Limited (NYSE:WNS - Get Free Report) hit a new 52-week high during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $75.09 and last traded at $74.92, with a volume of 869237 shares changing hands. The stock had previously closed at $74.69.

The business services provider reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.05. The company had revenue of $339.90 million for the quarter, compared to the consensus estimate of $323.13 million. WNS had a net margin of 12.11% and a return on equity of 23.03%. WNS's revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Baird R W downgraded shares of WNS from a "strong-buy" rating to a "hold" rating in a research 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 research report on Tuesday, July 8th. William Blair cut shares of WNS from a "strong-buy" rating to a "market perform" rating in a report on Monday, July 7th. Needham & Company LLC cut shares of WNS from a "moderate buy" rating to a "hold" rating in a report on Monday, July 7th. Finally, Wall Street Zen cut shares of WNS from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $68.13.

Institutional Trading of WNS

Institutional investors have recently added to or reduced their stakes in the business. J.Safra Asset Management Corp lifted its stake in WNS by 67.7% in the second quarter. J.Safra Asset Management Corp now owns 483 shares of the business services provider's stock valued at $29,000 after acquiring an additional 195 shares during the last quarter. Quarry LP acquired a new stake in shares of WNS in the first quarter worth $47,000. Johnson Financial Group Inc. acquired a new stake in shares of WNS in the fourth quarter worth $53,000. NBC Securities Inc. acquired a new stake in shares of WNS in the first quarter worth $96,000. Finally, KBC Group NV acquired a new stake in shares of WNS in the first quarter worth $109,000. 97.36% of the stock is currently owned by institutional investors and hedge funds.

WNS Price Performance

The stock's 50 day moving average price is $63.88 and its two-hundred day moving average price is $60.86. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 2.25 and a beta of 0.93.

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.