WNS (NYSE:WNS) Rating Lowered to Hold at Baird R W

Baird R W cut shares of WNS (NYSE:WNS - Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Several other brokerages also recently issued reports on WNS. William Blair downgraded WNS from a "strong-buy" rating to a "market perform" rating in a report on Monday. Needham & Company LLC downgraded WNS from a "moderate buy" rating to a "hold" rating in a report on Monday. Jefferies Financial Group restated a "hold" rating and issued a $76.50 price target (down from $80.00) on shares of WNS in a report on Tuesday. Finally, Barrington Research downgraded WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $64.94.

WNS Trading Down 0.1%

NYSE:WNS traded down $0.05 during mid-day trading on Tuesday, hitting $74.85. The company had a trading volume of 5,743,574 shares, compared to its average volume of 745,278. WNS has a fifty-two week low of $42.62 and a fifty-two week high of $75.15. The business's fifty day moving average is $59.59 and its two-hundred day moving average is $58.34. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market cap of $3.47 billion, a P/E ratio of 20.12, a P/E/G ratio of 2.15 and a beta of 0.93.

WNS (NYSE:WNS - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.04. WNS had a return on equity of 23.26% and a net margin of 12.94%. The firm had revenue of $336.30 million for the quarter, compared to analyst estimates of $323.62 million. During the same quarter in the prior year, the firm posted $1.12 earnings per share. The company's quarterly revenue was down .8% on a year-over-year basis. As a group, research analysts expect that WNS will post 3.8 earnings per share for the current year.

Institutional Investors Weigh In On WNS

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP acquired a new stake in WNS in the 1st quarter valued at approximately $47,000. Johnson Financial Group Inc. acquired a new position in shares of WNS during the 4th quarter worth approximately $53,000. NBC Securities Inc. acquired a new position in shares of WNS during the 1st quarter worth approximately $96,000. KBC Group NV acquired a new position in shares of WNS during the 1st quarter worth approximately $109,000. Finally, Ironwood Wealth Management LLC. acquired a new position in shares of WNS during the 1st quarter worth approximately $209,000. Institutional investors and hedge funds 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.