WNS (NYSE:WNS) Hits New 52-Week High - Should You Buy?

Key Points

• WNS (Holdings) Limited reached a new 52-week high of $75.58 and currently has a market cap of $3.24 billion.
• Analysts have issued mixed ratings for WNS, with a consensus rating of Hold and a target price of $67.43, following multiple downgrades from previous ratings.
• The company reported Q2 earnings of $1.02 EPS, surpassing estimates, along with a year-over-year revenue growth of 9.5% to $339.90 million.

WNS (Holdings) Limited (NYSE:WNS - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $75.58 and last traded at $75.59, with a volume of 90449 shares changing hands. The stock had previously closed at $75.51.

Analysts Set New Price Targets

A number of research firms have issued reports on WNS. Deutsche Bank Aktiengesellschaft began coverage on WNS in a research note on Thursday, July 17th. They set a "hold" rating and a $76.50 price target for the company. William Blair cut WNS from a "strong-buy" rating to a "market perform" rating in a report on Monday, July 7th. Wall Street Zen cut WNS from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Baird R W downgraded WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Finally, Needham & Company LLC downgraded WNS from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 7th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, WNS currently has a consensus rating of "Hold" and a consensus target price of $67.43.

WNS Price Performance

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 50-day moving average of $74.66 and a 200 day moving average of $65.20. The stock has a market capitalization of $3.24 billion, a PE ratio of 21.06, a PEG ratio of 2.24 and a beta of 0.91.

WNS (NYSE:WNS - Get Free Report) last announced its quarterly 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. The business had revenue of $339.90 million for the quarter, compared to analyst estimates of $323.13 million. WNS had a return on equity of 22.90% and a net margin of 12.11%.The company's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 EPS. Sell-side analysts predict that WNS will post 3.8 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. J.Safra Asset Management Corp increased its holdings 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 buying an additional 195 shares in the last quarter. Quarry LP acquired a new position in WNS in the first quarter valued at $47,000. Assetmark Inc. increased its stake in 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 during the last quarter. EverSource Wealth Advisors LLC increased its stake 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 worth $91,000 after acquiring an additional 965 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in WNS during the first quarter worth about $96,000. 97.36% of the stock is currently owned by hedge funds and other 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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