Zacks Investment Research lowered shares of WNS (Holdings) Limited (NYSE:WNS) from a hold rating to a sell rating in a report released on Friday.

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. “

Several other brokerages have also recently issued reports on WNS. BidaskClub cut WNS (Holdings) Limited from a buy rating to a hold rating in a research report on Monday, July 24th. Cowen and Company reaffirmed a buy rating and set a $39.00 target price on shares of WNS (Holdings) Limited in a research report on Friday, July 21st. Citigroup Inc. lifted their target price on WNS (Holdings) Limited from $38.00 to $40.00 and gave the company a buy rating in a research report on Friday, July 21st. Bank of America Corporation lifted their target price on WNS (Holdings) Limited from $37.00 to $38.00 and gave the company a buy rating in a research report on Friday, July 21st. Finally, Barrington Research lifted their target price on WNS (Holdings) Limited from $38.00 to $40.00 and gave the company an outperform rating in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $37.90.

Shares of WNS (NYSE WNS) opened at 34.55 on Friday. WNS has a 12-month low of $24.82 and a 12-month high of $35.37. The firm has a market cap of $1.75 billion, a P/E ratio of 43.24 and a beta of 0.97. The stock has a 50 day moving average price of $33.81 and a 200 day moving average price of $30.90.

WNS (Holdings) Limited (NYSE:WNS) last announced its earnings results on Thursday, July 20th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The company had revenue of $175.30 million for the quarter, compared to analysts’ expectations of $162.73 million. WNS (Holdings) Limited had a return on equity of 15.70% and a net margin of 9.27%. WNS (Holdings) Limited’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. On average, equities analysts expect that WNS will post $1.99 earnings per share for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. HGK Asset Management Inc. acquired a new position in WNS (Holdings) Limited during the first quarter valued at $513,000. Teza Capital Management LLC acquired a new position in WNS (Holdings) Limited during the first quarter valued at $341,000. Bank of New York Mellon Corp boosted its position in WNS (Holdings) Limited by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 89,717 shares of the business services provider’s stock valued at $2,567,000 after buying an additional 4,342 shares in the last quarter. Advisors Preferred LLC acquired a new position in WNS (Holdings) Limited during the first quarter valued at $140,000. Finally, US Bancorp DE boosted its position in WNS (Holdings) Limited by 66.5% in the first quarter. US Bancorp DE now owns 185,712 shares of the business services provider’s stock valued at $5,313,000 after buying an additional 74,202 shares in the last quarter. 88.04% of the stock is currently owned by institutional investors and hedge funds.

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

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