WNS (NYSE:WNS) Given New $62.00 Price Target at Citigroup

WNS (NYSE:WNS) had its price objective trimmed by Citigroup from $80.00 to $62.00 in a research note published on Monday morning, Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

A number of other equities research analysts also recently issued reports on the company. Needham & Company LLC restated a buy rating and set a $80.00 price objective on shares of WNS in a research report on Friday, March 1st. StockNews.com downgraded WNS from a buy rating to a hold rating in a report on Tuesday, April 2nd. Finally, Barrington Research reiterated an outperform rating and issued a $72.00 price target on shares of WNS in a report on Monday, April 15th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, WNS currently has a consensus rating of Moderate Buy and a consensus price target of $81.63.

WNS Trading Down 10.4 %

Shares of WNS stock opened at $41.97 on Monday. WNS has a 1 year low of $40.06 and a 1 year high of $91.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.82 and a quick ratio of 1.82. The stock’s 50 day simple moving average is $53.17 and its two-hundred day simple moving average is $58.77. The company has a market cap of $2.01 billion, a PE ratio of 12.76 and a beta of 1.04.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WNS. IFP Advisors Inc bought a new position in WNS in the third quarter worth approximately $361,000. Stanley Laman Group Ltd. purchased a new stake in shares of WNS during the 3rd quarter valued at $685,000. Raymond James & Associates lifted its holdings in shares of WNS by 4.6% during the 3rd quarter. Raymond James & Associates now owns 11,138 shares of the business services provider’s stock valued at $763,000 after purchasing an additional 494 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of WNS by 1.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 30,356 shares of the business services provider’s stock valued at $2,078,000 after purchasing an additional 532 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in shares of WNS by 6.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 10,465 shares of the business services provider’s stock valued at $716,000 after purchasing an additional 615 shares during the last quarter. Institutional investors 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 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.