WNS (NYSE:WNS) Reaches New 12-Month High – Time to Buy?

WNS (Holdings) Limited (NYSE:WNS) hit a new 52-week high during trading on Thursday . The stock traded as high as $72.11 and last traded at $66.91, with a volume of 419316 shares traded. The stock had previously closed at $65.95.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Needham & Company LLC boosted their price objective on shares of WNS from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Jefferies Financial Group reduced their price objective on shares of WNS from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Robert W. Baird boosted their target price on shares of WNS from $58.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Barrington Research raised their price objective on WNS from $63.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, March 26th. Finally, StockNews.com raised shares of WNS from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.25.

WNS Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.81. The business’s 50-day moving average price is $60.41 and its two-hundred day moving average price is $53.57. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 2.10 and a beta of 0.96.

WNS (NYSE:WNS) last announced its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.15). WNS had a return on equity of 22.25% and a net margin of 10.03%. On average, research analysts forecast that WNS will post 3.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Johnson Financial Group Inc. acquired a new stake in shares of WNS during the 4th quarter valued at approximately $53,000. NBC Securities Inc. acquired a new stake in shares of WNS during the first quarter worth $96,000. Blue Trust Inc. lifted its position in shares of WNS by 65.0% in the 4th quarter. Blue Trust Inc. now owns 4,397 shares of the business services provider’s stock worth $208,000 after buying an additional 1,732 shares during the last quarter. Pictet Asset Management Holding SA acquired a new position in shares of WNS in the 4th quarter valued at about $213,000. Finally, Cetera Investment Advisers grew its position in shares of WNS by 35.0% during the 4th quarter. Cetera Investment Advisers now owns 5,134 shares of the business services provider’s stock valued at $243,000 after buying an additional 1,331 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 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.