WNS (NYSE:WNS) Hits New 12-Month High - Should You Buy?

Key Points

• WNS (Holdings) Limited reached a new 12-month high of $76.35 during mid-day trading, with the stock last trading at $76.31.
• Multiple analysts, including Jefferies and Deutsche Bank, have issued a "hold" rating on WNS, with a consensus price target of $67.43.
• The company reported earnings of $1.02 per share, exceeding expectations and reflecting a 9.5% year-over-year revenue increase to $339.90 million.

WNS (Holdings) Limited (NYSE:WNS - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $76.35 and last traded at $76.31, with a volume of 57077 shares trading hands. The stock had previously closed at $76.30.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a "hold" rating and issued a $76.50 price objective (down from $80.00) on shares of WNS in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of WNS in a report on Thursday, July 17th. They issued a "hold" rating and a $76.50 target price on the stock. Barrington Research downgraded WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Wall Street Zen lowered WNS from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Baird R W downgraded WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $67.43.

WNS Stock Performance

The company's 50-day moving average is $75.49 and its two-hundred day moving average is $67.28. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.18. The company has a market cap of $3.27 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 2.27 and a beta of 0.91.

WNS (NYSE:WNS - Get Free Report) last released its earnings results on Thursday, July 24th. The business services provider reported $1.02 earnings per share for the quarter, beating 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 firm had revenue of $339.90 million for the quarter, compared to analysts' expectations of $323.13 million. During the same period in the previous year, the company earned $0.93 earnings per share. The company's quarterly revenue was up 9.5% on a year-over-year basis. Equities analysts predict that WNS will post 3.8 EPS for the current year.

Institutional Investors Weigh In On WNS

Several large investors have recently added to or reduced their stakes in WNS. Pzena Investment Management LLC bought a new position in WNS during the second quarter worth about $105,134,000. Westfield Capital Management Co. LP bought a new position in WNS in the 1st quarter worth approximately $51,712,000. Nuveen LLC purchased a new position in WNS in the 1st quarter valued at approximately $37,321,000. Voya Investment Management LLC grew its stake in WNS by 4,316.0% in the 1st quarter. Voya Investment Management LLC now owns 568,206 shares of the business services provider's stock valued at $34,939,000 after buying an additional 555,339 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in WNS by 1,160.1% during the 1st quarter. MetLife Investment Management LLC now owns 322,258 shares of the business services provider's stock valued at $19,816,000 after acquiring an additional 296,683 shares during the period. 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.

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