WNS (NYSE:WNS) Sees Unusually-High Trading Volume - What's Next?

WNS (Holdings) Limited (NYSE:WNS - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 2,543,368 shares were traded during mid-day trading, an increase of 223% from the previous session's volume of 787,650 shares.The stock last traded at $74.71 and had previously closed at $74.69.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on WNS shares. Jefferies Financial Group reissued a "hold" rating and issued a $76.50 price objective (down from $80.00) on shares of WNS in a research note on Tuesday, July 8th. Baird R W cut shares of WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Needham & Company LLC cut shares of WNS from a "moderate buy" rating to a "hold" rating in a research note on Monday, July 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of WNS in a research note on Thursday. They set a "hold" rating and a $76.50 price target on the stock. Finally, Wall Street Zen cut shares of WNS from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, WNS has a consensus rating of "Hold" and an average price target of $68.13.

WNS Price Performance

The company's 50-day moving average is $61.12 and its 200-day moving average is $59.30. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 2.14 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 (EPS) for the quarter, topping 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 business had revenue of $336.30 million for the quarter, compared to analysts' expectations of $323.62 million. During the same period last year, the company earned $1.12 earnings per share. The company's quarterly revenue was down .8% on a year-over-year basis. On average, research analysts expect that WNS will post 3.8 earnings per share for the current year.

Institutional Investors Weigh In On WNS

Several hedge funds have recently modified their holdings of the stock. Hhlr Advisors LTD. acquired a new stake in shares of WNS in the fourth quarter worth approximately $72,576,000. Thrivent Financial for Lutherans boosted its position in shares of WNS by 26.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,483,569 shares of the business services provider's stock worth $70,307,000 after acquiring an additional 312,519 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in WNS by 2.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 1,408,501 shares of the business services provider's stock valued at $86,609,000 after buying an additional 35,074 shares during the period. Alliancebernstein L.P. grew its stake in WNS by 3.0% during the first quarter. Alliancebernstein L.P. now owns 1,405,672 shares of the business services provider's stock worth $86,435,000 after buying an additional 41,505 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in WNS during the first quarter worth approximately $51,712,000. 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.