Zacks Investment Research Lowers WNS (Holdings) Limited (WNS) to Hold

WNS (Holdings) Limited (NYSE:WNS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “WNS HOLDINGS is a recognized leader in business process outsourcing.Their proposition is simple: They deliver value to their clients by bringing operational excellence and deep industry and functional knowledge to their critical business processes. They serve several industries, including travel, insurance, financial services, healthcare, professional services, manufacturing, distribution and retail. They also provide essential corporate functions, such as finance and accounting, human resources research and analytics. “

Other analysts have also issued research reports about the stock. Maxim Group restated a “buy” rating and set a $36.00 price target on shares of WNS (Holdings) Limited in a research report on Thursday, March 16th. Loop Capital started coverage on shares of WNS (Holdings) Limited in a research report on Tuesday, January 10th. They set a “buy” rating and a $35.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. WNS (Holdings) Limited currently has a consensus rating of “Buy” and an average price target of $34.00.

Analyst Recommendations for WNS (Holdings) Limited (NYSE:WNS)

WNS (NYSE:WNS) traded down 0.83% during midday trading on Thursday, reaching $29.93. 58,516 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $28.51 and its 200-day moving average is $27.75. WNS has a 12-month low of $24.82 and a 12-month high of $32.71. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 27.21 and a beta of 0.96.

WNS (Holdings) Limited (NYSE:WNS) last released its quarterly earnings results on Thursday, January 19th. The business services provider reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.07. The company had revenue of $139.80 million for the quarter, compared to analyst estimates of $137.65 million. WNS (Holdings) Limited had a net margin of 10.02% and a return on equity of 19.83%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business earned $0.50 earnings per share. On average, equities analysts forecast that WNS will post $1.75 earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in WNS. First Mercantile Trust Co. raised its stake in shares of WNS (Holdings) Limited by 6.6% in the third quarter. First Mercantile Trust Co. now owns 4,690 shares of the business services provider’s stock valued at $140,000 after buying an additional 290 shares during the period. PNC Financial Services Group Inc. bought a new stake in shares of WNS (Holdings) Limited during the third quarter valued at about $178,000. Bailard Inc. bought a new stake in shares of WNS (Holdings) Limited during the third quarter valued at about $210,000. 1st Global Advisors Inc. raised its stake in shares of WNS (Holdings) Limited by 1.1% in the third quarter. 1st Global Advisors Inc. now owns 8,679 shares of the business services provider’s stock valued at $260,000 after buying an additional 97 shares during the period. Finally, Marshall Wace LLP acquired a new position in WNS (Holdings) Limited during the fourth quarter valued at $307,000. Institutional investors and hedge funds own 87.95% of the company’s stock.

WNS (Holdings) Limited Company Profile

WNS (Holdings) Limited is a global provider of business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company’s segments include WNS Global BPM and WNS Auto Claims BPM. Its operating segments include travel, insurance, banking and financial services, healthcare, utilities, retail and consumer products groups, auto claims and others.

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