WNS (NYSE:WNS) Hits New 52-Week High - Still a Buy?

Key Points

• WNS Holdings Limited reached a new 52-week high of $75.19, indicating strong stock performance as it trades near that peak.
• Recent analyst reports show a mixed sentiment, with multiple firms downgrading their ratings from "buy" to "hold," suggesting caution among investors.
• The company's last earnings report revealed $1.02 EPS, exceeding expectations and showing a 9.5% revenue increase compared to the same quarter last year.

WNS (Holdings) Limited (NYSE:WNS - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $75.19 and last traded at $75.17, with a volume of 39070 shares traded. The stock had previously closed at $75.02.

Analyst Upgrades and Downgrades

WNS has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of WNS from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. William Blair lowered shares of WNS from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 7th. Barrington Research downgraded shares of WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of WNS in a report on Thursday, July 17th. They issued a "hold" rating and a $76.50 price objective for the company. Finally, Needham & Company LLC downgraded shares of WNS from a "moderate buy" rating to a "hold" rating in a report on Monday, July 7th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, WNS has a consensus rating of "Hold" and a consensus price target of $68.13.

WNS Stock Performance

The company has a current ratio of 1.47, a quick ratio of 1.76 and a debt-to-equity ratio of 0.18. The company's 50 day moving average is $68.10 and its 200-day moving average is $62.95. The company has a market capitalization of $3.23 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 2.23 and a beta of 0.90.

WNS (NYSE:WNS - Get Free Report) last released its earnings results on Thursday, July 24th. The business services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.97 by $0.05. The firm 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 22.90%. The company's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. Equities analysts anticipate that WNS will post 3.8 EPS for the current fiscal year.

Hedge Funds Weigh In On WNS

Several institutional investors have recently made changes to their positions in WNS. Pzena Investment Management LLC acquired a new stake in WNS during the 2nd quarter worth $105,134,000. Hhlr Advisors LTD. acquired a new position in WNS in the fourth quarter valued at about $72,576,000. Diamond Hill Capital Management Inc. lifted its position in WNS by 2.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 1,408,501 shares of the business services provider's stock valued at $86,609,000 after buying an additional 35,074 shares during the last quarter. Alliancebernstein L.P. increased its stake in WNS by 3.0% during the first quarter. Alliancebernstein L.P. now owns 1,405,672 shares of the business services provider's stock worth $86,435,000 after purchasing an additional 41,505 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of WNS during the first quarter worth approximately $51,712,000. 97.36% of the stock is owned by hedge funds and other institutional investors.

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.

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