WNS (Holdings) Limited (NYSE:WNS) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage presently has a $33.00 price objective on the stock. Zacks Investment Research’s price target points to a potential upside of 11.64% from the stock’s previous close.

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. “

A number of other equities research analysts have also recently commented on the stock. SunTrust Banks Inc. raised shares of WNS (Holdings) Limited from a “neutral” rating to a “buy” rating and increased their price objective for the company from $31.00 to $36.00 in a research note on Tuesday, August 9th. Cowen and Company began coverage on shares of WNS (Holdings) Limited in a report on Wednesday, July 20th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. restated a “buy” rating and issued a $32.00 target price on shares of WNS (Holdings) Limited in a report on Monday, July 18th. Needham & Company LLC restated a “buy” rating on shares of WNS (Holdings) Limited in a report on Sunday, July 17th. Finally, Cantor Fitzgerald restated a “buy” rating on shares of WNS (Holdings) Limited in a report on Sunday, July 17th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $36.00.

Shares of WNS (NYSE:WNS) opened at 29.56 on Thursday. The firm has a market capitalization of $1.50 billion, a PE ratio of 26.63 and a beta of 0.50. The firm’s 50 day moving average is $29.28 and its 200-day moving average is $29.62. WNS has a 12 month low of $25.01 and a 12 month high of $34.37.

WNS (Holdings) Limited (NYSE:WNS) last issued its quarterly earnings data on Thursday, July 14th. The company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The business earned $148 million during the quarter, compared to analyst estimates of $135.19 million. WNS (Holdings) Limited’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. On average, analysts expect that WNS will post $1.86 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. 1st Global Advisors Inc. increased its stake in WNS (Holdings) Limited by 3.2% in the second quarter. 1st Global Advisors Inc. now owns 8,582 shares of the company’s stock worth $232,000 after buying an additional 265 shares during the period. OLD National Bancorp IN increased its stake in WNS (Holdings) Limited by 4.6% in the first quarter. OLD National Bancorp IN now owns 8,358 shares of the company’s stock worth $256,000 after buying an additional 367 shares during the period. Nuveen Asset Management LLC increased its stake in WNS (Holdings) Limited by 1.1% in the first quarter. Nuveen Asset Management LLC now owns 40,518 shares of the company’s stock worth $1,241,000 after buying an additional 448 shares during the period. Cupps Capital Management LLC increased its stake in WNS (Holdings) Limited by 0.5% in the first quarter. Cupps Capital Management LLC now owns 123,955 shares of the company’s stock worth $3,797,000 after buying an additional 590 shares during the period. Finally, Panagora Asset Management Inc. increased its stake in WNS (Holdings) Limited by 3.6% in the first quarter. Panagora Asset Management Inc. now owns 31,830 shares of the company’s stock worth $975,000 after buying an additional 1,097 shares during the period.

WNS (Holdings) Limited Company Profile

WNS (Holdings) Limited (WNS) is engaged in providing business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company operates through two business segments: WNS Global BPM and WNS Auto Claims BPM. The WNS Global BPM segment is delivered out of the Company’s delivery centers in China, Costa Rica, India, the Philippines, Poland, Romania, South Africa, Sri Lanka, the United Kingdom and the United States.

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