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 released on Tuesday morning,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group restated a "hold" rating and set a $76.50 price objective (down previously from $80.00) on shares of WNS in a report on Tuesday. William Blair cut shares of WNS from a "strong-buy" rating to a "market perform" rating in a report on Monday. Needham & Company LLC lowered WNS from a "moderate buy" rating to a "hold" rating in a report on Monday. Finally, Barrington Research lowered WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $64.94.

WNS Stock Down 0.1%

NYSE:WNS traded down $0.09 during trading hours on Tuesday, reaching $74.76. The company had a trading volume of 3,445,998 shares, compared to its average volume of 756,038. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 2.15 and a beta of 0.93. The business's 50-day simple moving average is $59.90 and its two-hundred day simple moving average is $58.53. WNS has a twelve month low of $42.62 and a twelve month high of $75.10.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Voya Investment Management LLC raised its stake in WNS by 4,316.0% during the first quarter. Voya Investment Management LLC now owns 568,206 shares of the business services provider's stock valued at $34,939,000 after purchasing an additional 555,339 shares in the last quarter. Strs Ohio purchased a new stake in WNS during the first quarter valued at $332,000. Intech Investment Management LLC raised its stake in WNS by 14.4% during the first quarter. Intech Investment Management LLC now owns 19,936 shares of the business services provider's stock valued at $1,226,000 after purchasing an additional 2,508 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in WNS by 19.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,778 shares of the business services provider's stock valued at $8,165,000 after purchasing an additional 21,550 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in WNS during the first quarter valued at $216,000. 97.36% of the stock is 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.