WNS (NYSE:WNS) Sets New 12-Month High - What's Next?

Key Points

• WNS (Holdings) Limited shares reached a new 52-week high of $75.14 during trading, closing at $74.93 with a trading volume of 200,836 shares.
• Recent research reports downgraded the stock's rating to "hold" from "strong-buy", with Deutsche Bank setting a target price of $76.50.
• WNS reported earnings of $1.02 EPS for the quarter, exceeding estimates and showing a 9.5% year-over-year revenue increase to $339.90 million.

WNS (Holdings) Limited (NYSE:WNS - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $75.14 and last traded at $74.93, with a volume of 200836 shares trading hands. The stock had previously closed at $74.78.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barrington Research lowered shares of WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Wall Street Zen lowered shares of WNS from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Needham & Company LLC lowered shares of WNS from a "moderate buy" rating to a "hold" rating in a report on Monday, July 7th. William Blair lowered shares of WNS from a "strong-buy" rating to a "market perform" rating in a report on Monday, July 7th. Finally, Baird R W cut shares of WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $68.13.

WNS Stock Up 0.1%

The firm has a market cap of $3.47 billion, a P/E ratio of 20.85, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.76 and a current ratio of 1.76. The firm's fifty day moving average is $65.68 and its 200 day moving average is $61.81.

WNS (NYSE:WNS - Get Free Report) last announced its earnings results on Thursday, July 24th. The business services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.97 by $0.05. The business had revenue of $339.90 million during the quarter, compared to the consensus estimate of $323.13 million. WNS had a net margin of 12.11% and a return on equity of 23.03%. WNS's revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 EPS. As a group, equities research analysts anticipate that WNS will post 3.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WNS

A number of hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in WNS by 3.5% in the first quarter. Principal Financial Group Inc. now owns 157,659 shares of the business services provider's stock worth $9,694,000 after purchasing an additional 5,333 shares during the period. KLP Kapitalforvaltning AS purchased a new position in WNS during the fourth quarter worth about $355,000. Kennedy Capital Management LLC purchased a new position in WNS during the fourth quarter worth about $2,813,000. KBC Group NV purchased a new position in WNS during the first quarter worth about $109,000. Finally, Teacher Retirement System of Texas purchased a new position in WNS during the first quarter worth about $357,000. 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.