WNS (NYSE:WNS) Sets New 1-Year 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)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as $75.19 and last traded at $75.17, with a volume of 39070 shares trading hands. The stock had previously closed at $75.02.

Analyst Upgrades and Downgrades

WNS has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and set a $76.50 price objective (down from $80.00) on shares of WNS in a report on Tuesday, July 8th. 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 for the company. Barrington Research downgraded WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. 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 lowered shares of WNS from a "moderate buy" rating to a "hold" rating in a research 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 stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $68.13.

WNS Price Performance

The business has a fifty day moving average of $69.08 and a 200-day moving average of $63.22. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.18. The firm has a market cap of $3.22 billion, a PE ratio of 20.94, a PEG ratio of 2.23 and a beta of 0.90.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. J.Safra Asset Management Corp increased its position 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 worth $29,000 after purchasing an additional 195 shares during the last quarter. Quarry LP purchased a new stake in shares of WNS during the 1st quarter valued at $47,000. Johnson Financial Group Inc. bought a new stake in shares of WNS during the 4th quarter worth $53,000. Assetmark Inc. increased its stake in 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 acquiring an additional 134 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position 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 valued at $91,000 after purchasing 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.