WNS (NYSE:WNS) Reaches New 1-Year High - Time to Buy?

Key Points

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WNS (Holdings) Limited (NYSE:WNS - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $75.32 and last traded at $75.19, with a volume of 407486 shares. The stock had previously closed at $75.02.

Analyst Ratings Changes

Several brokerages have recently issued reports on WNS. Deutsche Bank Aktiengesellschaft began coverage on WNS in a research report on Thursday, July 17th. They set a "hold" rating and a $76.50 price objective for the company. Needham & Company LLC downgraded WNS from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 7th. Baird R W downgraded WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Barrington Research downgraded WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Finally, William Blair downgraded WNS from a "strong-buy" rating to a "market perform" rating in a research report on Monday, July 7th. Two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, WNS presently has an average rating of "Hold" and a consensus price target of $68.13.

WNS Price Performance

The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 2.24 and a beta of 0.90. 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 business has a 50-day simple moving average of $70.60 and a two-hundred day simple moving average of $63.76.

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, topping analysts' consensus estimates of $0.97 by $0.05. The firm had revenue of $339.90 million during the quarter, compared to the consensus estimate of $323.13 million. WNS had a return on equity of 22.90% and a net margin of 12.11%.The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior 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 fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. J.Safra Asset Management Corp increased its holdings 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 valued at $29,000 after buying an additional 195 shares in the last quarter. Quarry LP bought a new position in shares of WNS in the first quarter valued at $47,000. Johnson Financial Group Inc. bought a new position in shares of WNS in the fourth quarter valued at $53,000. Assetmark Inc. increased its holdings in shares of WNS by 17.3% in the second quarter. Assetmark Inc. now owns 909 shares of the business services provider's stock valued at $57,000 after buying an additional 134 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of WNS by 206.6% in 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. Institutional investors own 97.36% of the company's stock.

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.