WNS (NYSE:WNS) Sets New 52-Week High - Here's What Happened

Key Points

• WNS (Holdings) Limited achieved a new 52-week high of $76.20 during trading, with higher trading volume compared to its previous close of $75.68.
• Recent analyst reports show a trend of downgrades, with several brokerages lowering their ratings on WNS, resulting in an average rating of "Hold" and a price target of $67.43.
• In its latest quarterly earnings, WNS reported earnings per share of $1.02, exceeding analysts' expectations, with revenue of $339.90 million, a 9.5% increase from the previous year.

WNS (Holdings) Limited (NYSE:WNS - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as $76.20 and last traded at $76.20, with a volume of 2575 shares traded. The stock had previously closed at $75.68.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WNS. Needham & Company LLC cut shares of WNS from a "moderate buy" rating to a "hold" rating in a report on Monday, July 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of WNS in a research report on Thursday, July 17th. They issued a "hold" rating and a $76.50 price objective on the stock. Barrington Research lowered shares of WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. William Blair lowered shares of WNS from a "strong-buy" rating to a "market perform" rating in a research report on Monday, July 7th. Finally, Wall Street Zen lowered shares of WNS from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $67.43.

WNS Stock Performance

The firm's 50 day moving average is $75.19 and its 200 day moving average is $66.19. The company has a market cap of $3.27 billion, a PE ratio of 21.22, a PEG ratio of 2.26 and a beta of 0.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.47 and a quick ratio of 1.47.

WNS (NYSE:WNS - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The business services provider reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.05. WNS had a net margin of 12.11% and a return on equity of 22.90%. The business had revenue of $339.90 million during the quarter, compared to analysts' expectations of $323.13 million. During the same quarter in the previous year, the company earned $0.93 EPS. The business's quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities analysts anticipate that WNS will post 3.8 earnings per share for the current year.

Hedge Funds Weigh In On WNS

Hedge funds and other institutional investors have recently bought and sold shares of the stock. J.Safra Asset Management Corp grew its stake in WNS by 67.7% in the 2nd 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 in the last quarter. Quarry LP purchased a new stake in shares of WNS in the 1st quarter valued at $47,000. Assetmark Inc. boosted its stake in shares of WNS by 17.3% in the 2nd quarter. Assetmark Inc. now owns 909 shares of the business services provider's stock valued at $57,000 after purchasing an additional 134 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of WNS by 206.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,432 shares of the business services provider's stock valued at $91,000 after purchasing an additional 965 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of WNS in the 1st quarter valued at $96,000. 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 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.