WNS (NYSE:WNS) Stock Crosses Above 200-Day Moving Average - What's Next?

Key Points

• WNS (Holdings) Limited shares recently rose above their 200-day moving average of $66.37, reaching as high as $76.23 during trading, with the last traded price at $76.20.
• Several analysts downgraded their ratings on WNS, with most settling on a "hold" rating and an average price target of $67.43.
• The company reported strong quarterly earnings, with EPS of $1.02, surpassing estimates, and a 9.5% increase in revenue year-over-year, totaling $339.90 million.

WNS (Holdings) Limited (NYSE:WNS - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $66.37 and traded as high as $76.23. WNS shares last traded at $76.20, with a volume of 2,863,456 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WNS shares. Needham & Company LLC lowered shares of WNS from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 7th. Wall Street Zen lowered shares of WNS from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $76.50 price objective (down from $80.00) on shares of WNS in a research report on Tuesday, July 8th. Barrington Research lowered shares of WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of WNS in a research report on Thursday, July 17th. They issued a "hold" rating and a $76.50 price objective for the company. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, WNS has an average rating of "Hold" and a consensus price target of $67.43.

WNS Stock Up 0.0%

The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 2.26 and a beta of 0.91. The business's 50 day moving average price is $75.22 and its 200 day moving average price is $66.37. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.47 and a current ratio of 1.47.

WNS (NYSE:WNS - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.05. WNS had a net margin of 12.11% and a return on equity of 22.90%. The firm had revenue of $339.90 million for the quarter, compared to analysts' expectations of $323.13 million. During the same quarter last year, the company earned $0.93 EPS. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities analysts forecast that WNS will post 3.8 EPS for the current year.

Institutional Investors Weigh In On WNS

A number of institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. lifted its stake in WNS by 17.3% during the second quarter. Assetmark Inc. now owns 909 shares of the business services provider's stock worth $57,000 after purchasing an additional 134 shares during the last quarter. California State Teachers Retirement System lifted its stake in WNS by 0.4% during the second quarter. California State Teachers Retirement System now owns 36,801 shares of the business services provider's stock worth $2,327,000 after purchasing an additional 145 shares during the last quarter. J.Safra Asset Management Corp lifted its stake in WNS by 67.7% during the second quarter. J.Safra Asset Management Corp now owns 483 shares of the business services provider's stock worth $29,000 after purchasing an additional 195 shares during the last quarter. Osaic Holdings Inc. lifted its stake in WNS by 7.2% during the second quarter. Osaic Holdings Inc. now owns 5,289 shares of the business services provider's stock worth $334,000 after purchasing an additional 355 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in WNS by 8.5% during the second quarter. Teacher Retirement System of Texas now owns 6,306 shares of the business services provider's stock worth $399,000 after purchasing an additional 495 shares during the last quarter. Institutional investors and hedge funds 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.

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