WNS (NYSE:WNS) Sees Large Volume Increase - Here's What Happened

WNS (Holdings) Limited (NYSE:WNS - Get Free Report) saw strong trading volume on Friday . 680,850 shares were traded 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.

Analyst Ratings Changes

WNS has been the topic of several analyst reports. Barrington Research reiterated an "outperform" rating and issued a $75.00 target price on shares of WNS in a research note on Friday, April 25th. Needham & Company LLC raised their target price on WNS from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $62.25.

WNS Stock Performance

The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average of $61.04 and a two-hundred day moving average of $56.12. The company has a market capitalization of $2.66 billion, a PE ratio of 20.05, a PEG ratio of 2.10 and a beta of 0.94.

WNS (NYSE:WNS - Get Free Report) last announced its quarterly 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. The firm had revenue of $336.30 million during the quarter, compared to analyst estimates of $323.62 million. WNS had a return on equity of 22.25% and a net margin of 10.03%. WNS's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.12 EPS. Research analysts anticipate that WNS will post 3.8 EPS for the current year.

Institutional Trading of WNS

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC grew its holdings in shares of WNS by 329.7% during the third quarter. Barclays PLC now owns 68,007 shares of the business services provider's stock worth $3,584,000 after buying an additional 52,179 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of WNS by 30.4% in the 4th quarter. SG Americas Securities LLC now owns 20,196 shares of the business services provider's stock valued at $957,000 after acquiring an additional 4,705 shares during the period. Janney Montgomery Scott LLC raised its position in WNS by 15.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 36,770 shares of the business services provider's stock valued at $1,743,000 after purchasing an additional 4,852 shares during the period. Blue Trust Inc. boosted its position in shares of WNS by 65.0% during the fourth quarter. Blue Trust Inc. now owns 4,397 shares of the business services provider's stock worth $208,000 after buying an additional 1,732 shares during the period. Finally, Mount Yale Investment Advisors LLC boosted its holdings in WNS by 18.1% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,261 shares of the business services provider's stock valued at $249,000 after acquiring an additional 805 shares during the period. Hedge funds and other 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.