WNS (NYSE:WNS) Receives "Hold" Rating from Needham & Company LLC

WNS (NYSE:WNS - Get Free Report)'s stock had its "hold" rating reissued by research analysts at Needham & Company LLC in a report issued on Monday,Benzinga reports.

Other equities research analysts also recently issued research reports about the stock. Barrington Research reissued an "outperform" rating and set a $75.00 price target on shares of WNS in a research report on Friday, April 25th. William Blair downgraded shares of WNS from an "outperform" rating to a "market perform" rating in a research report on Monday. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, WNS currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.25.

WNS Price Performance

Shares of NYSE WNS traded up $9.32 during trading hours on Monday, reaching $74.70. 22,592,573 shares of the stock traded hands, compared to its average volume of 663,990. The company has a market capitalization of $3.47 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 1.88 and a beta of 0.93. 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 company's 50-day simple moving average is $58.70 and its two-hundred day simple moving average is $57.91. WNS has a 52-week low of $42.62 and a 52-week high of $75.10.

WNS (NYSE:WNS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.04. The business had revenue of $336.30 million for the quarter, compared to analysts' expectations of $323.62 million. WNS had a net margin of 12.94% and a return on equity of 23.26%. The business's revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.12 earnings per share. Equities research analysts forecast that WNS will post 3.8 EPS for the current year.

Hedge Funds Weigh In On WNS

Several hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new position in WNS in the 1st quarter worth about $47,000. Johnson Financial Group Inc. purchased a new stake in WNS during the fourth quarter valued at approximately $53,000. NBC Securities Inc. purchased a new stake in WNS during the first quarter valued at approximately $96,000. KBC Group NV purchased a new stake in WNS during the first quarter valued at approximately $109,000. Finally, Ironwood Wealth Management LLC. purchased a new stake in WNS during the first quarter valued at approximately $209,000. 97.36% of the stock is currently owned by 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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