WNS (NYSE:WNS) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of WNS (NYSE:WNS - Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Several other equities analysts have also weighed in on the stock. Needham & Company LLC lowered shares of WNS from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 7th. William Blair lowered shares of WNS from a "strong-buy" rating to a "market perform" rating in a research report on Monday, July 7th. Jefferies Financial Group reissued a "hold" rating and issued a $76.50 price target (down previously 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, Baird R W lowered shares of WNS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $64.94.

WNS Trading Up 0.0%

Shares of WNS traded up $0.03 during midday trading on Friday, hitting $74.72. The stock had a trading volume of 5,065,177 shares, compared to its average volume of 796,530. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.47 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 2.14 and a beta of 0.93. The business has a 50-day simple moving average of $60.50 and a two-hundred day simple moving average of $59.08. WNS has a fifty-two week low of $42.62 and a fifty-two week high of $74.96.

WNS (NYSE:WNS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.41 by $0.04. The business had revenue of $336.30 million during the quarter, compared to analysts' expectations of $323.62 million. WNS had a net margin of 12.94% and a return on equity of 23.26%. The firm's quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company posted $1.12 earnings per share. As a group, equities analysts forecast that WNS will post 3.8 EPS for the current year.

Institutional Investors Weigh In On WNS

Several institutional investors and hedge funds have recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in shares of WNS in the fourth quarter valued at about $355,000. Kennedy Capital Management LLC bought a new stake in shares of WNS in the 4th quarter valued at about $2,813,000. KBC Group NV bought a new stake in shares of WNS in the 1st quarter valued at about $109,000. Millennium Management LLC grew its position in shares of WNS by 54.6% in the 4th 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 period. Finally, Janney Montgomery Scott LLC grew its position in shares of WNS by 9.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 40,237 shares of the business services provider's stock valued at $2,474,000 after purchasing an additional 3,467 shares during the period. Institutional investors and hedge funds 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.