WNS (NYSE:WNS) Sees Strong Trading Volume - Here's What Happened

WNS (Holdings) Limited (NYSE:WNS - Get Free Report) saw an uptick in trading volume on Friday . 680,850 shares changed hands during mid-day trading, an increase of 20% from the previous session's volume of 568,489 shares.The stock last traded at $55.73 and had previously closed at $56.47.

Analysts Set New Price Targets

Several research firms recently commented on WNS. Barrington Research reaffirmed an "outperform" rating and issued a $75.00 price target on shares of WNS in a research note on Friday, April 25th. Needham & Company LLC raised their price target on shares of WNS from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $62.25.

WNS Trading Down 1.1%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.81 and a current ratio of 1.81. The company's fifty day simple moving average is $61.18 and its 200-day simple moving average is $56.11. The company has a market capitalization of $2.65 billion, a P/E ratio of 19.99, a PEG ratio of 2.10 and a beta of 0.94.

WNS (NYSE:WNS - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.04. WNS had a net margin of 10.03% and a return on equity of 22.25%. The company had revenue of $336.30 million during the quarter, compared to analysts' expectations of $323.62 million. During the same quarter in the prior year, the company posted $1.12 earnings per share. WNS's revenue for the quarter was down .8% compared to the same quarter last year. Research analysts predict that WNS will post 3.8 earnings per share for the current year.

Institutional Inflows and Outflows

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

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.