Deutsche Bank Aktiengesellschaft Trims WNS (NYSE:WNS) Target Price to $51.00

WNS (NYSE:WNS) had its price target trimmed by Deutsche Bank Aktiengesellschaft from $55.00 to $51.00 in a report published on Thursday, Benzinga reports. The firm currently has a hold rating on the business services provider’s stock.

WNS has been the subject of several other reports. Needham & Company LLC lifted their price objective on WNS from $60.00 to $70.00 and gave the stock a buy rating in a research report on Friday, July 19th. JPMorgan Chase & Co. upped their price target on shares of WNS from $60.00 to $73.00 and gave the stock a neutral rating in a research report on Friday, September 6th. Finally, Barrington Research reissued an outperform rating and issued a $70.00 price objective on shares of WNS in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $65.00.

WNS Stock Down 2.1 %

Shares of NYSE WNS opened at $49.00 on Thursday. The stock has a market cap of $2.34 billion and a P/E ratio of 17.31. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.23. WNS has a 12-month low of $39.85 and a 12-month high of $74.54. The business’s fifty day simple moving average is $56.54 and its 200-day simple moving average is $52.96.

WNS (NYSE:WNS) last posted its quarterly earnings results on Thursday, July 18th. The business services provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $312.40 million for the quarter, compared to analysts’ expectations of $310.49 million. WNS had a return on equity of 22.05% and a net margin of 10.52%. WNS’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. As a group, equities analysts predict that WNS will post 3.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in WNS by 228.9% in the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock worth $27,000 after buying an additional 364 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of WNS by 64.1% during the 2nd quarter. GAMMA Investing LLC now owns 635 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 248 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of WNS during the 1st quarter valued at $38,000. Parallel Advisors LLC raised its holdings in WNS by 30.4% in the 4th quarter. Parallel Advisors LLC now owns 841 shares of the business services provider’s stock worth $53,000 after acquiring an additional 196 shares during the period. Finally, Harbor Investment Advisory LLC raised its holdings in WNS by 32.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,517 shares of the business services provider’s stock worth $77,000 after acquiring an additional 368 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.