WNS (NYSE:WNS) Shares Gap Up - Here's What Happened

WNS (Holdings) Limited (NYSE:WNS - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $65.38, but opened at $74.69. WNS shares last traded at $74.64, with a volume of 4,659,541 shares.

Analysts Set New Price Targets

Several research firms recently commented on WNS. Needham & Company LLC boosted 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. Barrington Research reaffirmed an "outperform" rating and set a $75.00 price target on shares of WNS in a report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $62.25.

WNS Trading Up 14.3%

The firm has a market capitalization of $3.47 billion, a PE ratio of 20.09, a P/E/G ratio of 1.88 and a beta of 0.93. The business has a 50 day moving average price of $58.70 and a 200-day moving average price of $57.91. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.19.

WNS (NYSE:WNS - Get Free Report) last announced 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 return on equity of 23.26% and a net margin of 12.94%. The firm had revenue of $336.30 million for the quarter, compared to analysts' expectations of $323.62 million. During the same quarter in the prior year, the firm earned $1.12 EPS. WNS's quarterly revenue was down .8% on a year-over-year basis. Analysts expect that WNS will post 3.8 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new position in WNS during the fourth quarter valued at approximately $355,000. Kennedy Capital Management LLC bought a new stake in WNS during the fourth quarter valued at $2,813,000. Millennium Management LLC increased its stake in WNS by 54.6% during the fourth quarter. Millennium Management LLC now owns 9,070 shares of the business services provider's stock valued at $430,000 after purchasing an additional 3,204 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of WNS by 9.4% during the first quarter. Janney Montgomery Scott LLC now owns 40,237 shares of the business services provider's stock worth $2,474,000 after acquiring an additional 3,467 shares during the last quarter. Finally, LPL Financial LLC grew its position in WNS by 3.9% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 97.36% of the company's stock.

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.

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