WNS (NYSE:WNS) Stock Price Down 6.5% - Should You Sell?

WNS (Holdings) Limited (NYSE:WNS - Get Free Report) shares were down 6.5% on Friday . The company traded as low as $55.17 and last traded at $54.74. Approximately 772,975 shares traded hands during mid-day trading, an increase of 23% from the average daily volume of 627,967 shares. The stock had previously closed at $58.56.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WNS. Barrington Research reissued an "outperform" rating and issued a $75.00 price objective on shares of WNS in a report on Friday, April 25th. Needham & Company LLC upped 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. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, WNS currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.25.

WNS Price Performance

The business has a fifty day simple moving average of $59.53 and a two-hundred day simple moving average of $56.84. The stock has a market cap of $2.56 billion, a PE ratio of 14.74, a P/E/G ratio of 1.67 and a beta of 0.92. 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 issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $323.62 million. During the same period last year, the company earned $1.12 earnings per share. The company's revenue was down .8% on a year-over-year basis. Research analysts forecast that WNS will post 3.8 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Hhlr Advisors LTD. purchased a new position in shares of WNS during the fourth quarter valued at about $72,576,000. Thrivent Financial for Lutherans boosted its position in WNS by 26.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,483,569 shares of the business services provider's stock valued at $70,307,000 after purchasing an additional 312,519 shares in the last quarter. Diamond Hill Capital Management Inc. grew 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 worth $86,609,000 after purchasing an additional 35,074 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of 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 acquiring an additional 41,505 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in WNS by 5.0% in the 4th quarter. William Blair Investment Management LLC now owns 1,112,743 shares of the business services provider's stock worth $52,733,000 after acquiring an additional 53,433 shares during the last quarter. 97.36% of the stock is owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.