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

WNS (Holdings) Limited (NYSE:WNS - Get Free Report) saw strong trading volume on Wednesday . 1,011,084 shares traded hands during mid-day trading, an increase of 43% from the previous session's volume of 709,286 shares.The stock last traded at $74.80 and had previously closed at $74.74.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Baird R W lowered shares of WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. William Blair lowered shares of WNS from a "strong-buy" rating to a "market perform" rating in a research report on Monday. Barrington Research lowered shares of WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Needham & Company LLC lowered shares of WNS from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 7th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $76.50 price objective (down previously from $80.00) on shares of WNS in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $64.94.

WNS Stock Performance

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 fifty day simple moving average of $60.20 and a 200 day simple moving average of $58.72. The company 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.

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 (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.04. The business had revenue of $336.30 million for the quarter, compared to the consensus estimate of $323.62 million. WNS had a net margin of 12.94% and a return on equity of 23.26%. WNS's quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company posted $1.12 earnings per share. On average, sell-side analysts expect that WNS will post 3.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MetLife Investment Management LLC lifted its position in WNS by 0.7% in the fourth quarter. MetLife Investment Management LLC now owns 25,575 shares of the business services provider's stock worth $1,212,000 after purchasing an additional 187 shares during the period. LPL Financial LLC raised its holdings in shares of WNS by 3.9% in the fourth quarter. LPL Financial LLC now owns 13,770 shares of the business services provider's stock valued at $653,000 after buying an additional 514 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of WNS by 10.2% in the first quarter. Baird Financial Group Inc. now owns 5,762 shares of the business services provider's stock valued at $354,000 after buying an additional 533 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of WNS by 11.6% in the first quarter. Cetera Investment Advisers now owns 5,731 shares of the business services provider's stock valued at $352,000 after buying an additional 597 shares during the last quarter. Finally, Quarry LP bought a new position in shares of WNS in the first quarter valued at about $47,000. 97.36% of the stock is 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.