WNS (Holdings) Limited (NYSE:WNS) Given Average Recommendation of “Buy” by Analysts

WNS (Holdings) Limited (NYSE:WNS) has earned an average rating of “Buy” from the six research firms that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have covered the stock in the last year is $81.63.

A number of brokerages have recently weighed in on WNS. Barrington Research restated an “outperform” rating and set a $72.00 price objective on shares of WNS in a research report on Monday, April 15th. Needham & Company LLC reduced their price objective on WNS from $80.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday. StockNews.com cut WNS from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Finally, Citigroup cut their target price on shares of WNS from $80.00 to $62.00 and set a “buy” rating for the company in a report on Monday.

WNS Trading Down 10.4 %

Shares of NYSE:WNS opened at $41.97 on Friday. The firm has a fifty day moving average price of $53.17 and a 200 day moving average price of $58.77. WNS has a fifty-two week low of $40.06 and a fifty-two week high of $91.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.82 and a current ratio of 1.82.

Institutional Investors Weigh In On WNS

Several hedge funds and other institutional investors have recently modified their holdings of WNS. Legato Capital Management LLC purchased a new stake in WNS in the third quarter worth $408,000. IFP Advisors Inc bought a new stake in WNS during the 3rd quarter valued at about $361,000. Stanley Laman Group Ltd. bought a new stake in WNS during the 3rd quarter valued at about $685,000. Raymond James & Associates boosted its position in WNS by 4.6% in the 3rd quarter. Raymond James & Associates now owns 11,138 shares of the business services provider’s stock valued at $763,000 after buying an additional 494 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of WNS by 1.8% during the third quarter. Bank of New York Mellon Corp now owns 30,356 shares of the business services provider’s stock worth $2,078,000 after acquiring an additional 532 shares during the period. 97.36% of the stock is currently 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 two segments, WNS Global BPM and WNS Auto Claims BPM. It offers industry-specific services to clients primarily in insurance; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure; healthcare; utilities; shipping and logistics; Hi-tech and professional services; and banking and financial services.