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

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

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. “

WNS has been the subject of a number of other research reports. Cowen and Company reiterated a “buy” rating and set a $39.00 price target on shares of WNS (Holdings) Limited in a research report on Friday, July 21st. BidaskClub upgraded WNS (Holdings) Limited from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Bank of America Corporation boosted their price target on WNS (Holdings) Limited from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Cantor Fitzgerald reiterated a “buy” rating and set a $38.00 price target on shares of WNS (Holdings) Limited in a research report on Thursday, June 29th. Finally, Wedbush began coverage on WNS (Holdings) Limited in a research report on Thursday, August 3rd. They set an “outperform” rating and a $42.00 price target for the company. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company. WNS (Holdings) Limited presently has an average rating of “Buy” and an average target price of $38.67.

Shares of WNS (NYSE WNS) traded up 0.97% during midday trading on Wednesday, hitting $36.34. The company had a trading volume of 131,705 shares. The stock’s 50-day moving average price is $35.30 and its 200-day moving average price is $32.57. WNS has a 12 month low of $24.82 and a 12 month high of $36.47. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 45.48 and a beta of 0.96.

WNS (Holdings) Limited (NYSE:WNS) last announced its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.45. WNS (Holdings) Limited had a return on equity of 18.73% and a net margin of 6.66%. The company had revenue of $175.30 million during the quarter, compared to analyst estimates of $162.73 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. On average, equities research analysts forecast that WNS will post $1.99 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. TimesSquare Capital Management LLC lifted its holdings in shares of WNS (Holdings) Limited by 0.7% during the first quarter. TimesSquare Capital Management LLC now owns 2,473,159 shares of the business services provider’s stock valued at $70,757,000 after purchasing an additional 16,184 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of WNS (Holdings) Limited by 4.5% during the first quarter. Wellington Management Group LLP now owns 2,229,462 shares of the business services provider’s stock valued at $63,784,000 after purchasing an additional 96,100 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of WNS (Holdings) Limited by 0.7% during the first quarter. Renaissance Technologies LLC now owns 1,408,223 shares of the business services provider’s stock valued at $40,289,000 after purchasing an additional 9,423 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of WNS (Holdings) Limited by 1.5% during the second quarter. Victory Capital Management Inc. now owns 1,166,436 shares of the business services provider’s stock valued at $40,079,000 after purchasing an additional 16,958 shares during the last quarter. Finally, Elk Creek Partners LLC lifted its holdings in shares of WNS (Holdings) Limited by 2.2% during the first quarter. Elk Creek Partners LLC now owns 1,125,417 shares of the business services provider’s stock valued at $32,198,000 after purchasing an additional 24,053 shares during the last quarter. 86.22% of the stock is owned by institutional investors and hedge funds.

About WNS (Holdings) Limited

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.

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

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