Zacks Investment Research upgraded shares of WNS (NYSE:WNS) from a sell rating to a hold rating in a report released on Thursday morning.

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 analysts have also recently issued reports on WNS. Barrington Research set a $57.00 price objective on shares of WNS and gave the company a buy rating in a research note on Tuesday, July 17th. Loop Capital raised their price objective on shares of WNS to $60.00 and gave the company a buy rating in a research note on Friday, July 20th. Citigroup raised their price objective on shares of WNS from $56.00 to $57.00 and gave the company a buy rating in a research note on Friday, July 20th. Finally, ValuEngine cut shares of WNS from a strong-buy rating to a buy rating in a research note on Friday, August 24th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $52.55.

Shares of WNS stock opened at $50.58 on Thursday. WNS has a 52-week low of $35.94 and a 52-week high of $54.38. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 2.12 and a beta of 0.73. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.13.

WNS (NYSE:WNS) last announced its quarterly earnings data on Thursday, July 19th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. WNS had a net margin of 11.84% and a return on equity of 22.42%. The firm had revenue of $196.00 million for the quarter, compared to analysts’ expectations of $193.79 million. During the same period last year, the firm earned $0.45 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. equities analysts anticipate that WNS will post 1.89 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. NumerixS Investment Technologies Inc bought a new position in shares of WNS during the second quarter worth $104,000. Advisors Asset Management Inc. boosted its position in shares of WNS by 103.1% during the second quarter. Advisors Asset Management Inc. now owns 2,738 shares of the business services provider’s stock worth $143,000 after purchasing an additional 1,390 shares in the last quarter. Financial Gravity Wealth Inc. bought a new position in shares of WNS during the first quarter worth $136,000. Citigroup Inc. boosted its position in shares of WNS by 89.4% during the first quarter. Citigroup Inc. now owns 3,278 shares of the business services provider’s stock worth $149,000 after purchasing an additional 1,547 shares in the last quarter. Finally, Confluence Investment Management LLC bought a new position in shares of WNS during the second quarter worth $213,000. 86.88% of the stock is currently owned by institutional investors.

WNS Company Profile

WNS (Holdings) Limited, a business process management company, together with its subsidiaries, provides data, voice, analytical, and business transformation services worldwide. It operates through two segments, WNS Global BPM and WNS Auto Claims BPM. The company offers industry-specific services to clients primarily in insurance; travel and leisure; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; utilities; consulting and professional services; healthcare; banking and financial services; and shipping and logistics industries.

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