Jefferies Financial Group Issues Pessimistic Forecast for WNS (NYSE:WNS) Stock Price

WNS (NYSE:WNS) had its price objective lowered by equities researchers at Jefferies Financial Group from $60.00 to $55.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Jefferies Financial Group’s price target suggests a potential upside of 14.23% from the stock’s current price.

A number of other equities analysts also recently commented on WNS. Citigroup set a $55.00 price objective on WNS in a research report on Thursday, October 17th. Barrington Research restated an “outperform” rating and set a $70.00 price objective on shares of WNS in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. TD Cowen downgraded shares of WNS from a “buy” rating to a “hold” rating and cut their price target for the stock from $64.00 to $53.00 in a report on Thursday, October 17th. Finally, Needham & Company LLC decreased their price objective on WNS from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.57.

WNS Price Performance

NYSE:WNS traded up $1.57 during trading hours on Tuesday, hitting $48.15. 52,726 shares of the stock were exchanged, compared to its average volume of 398,975. The company has a market cap of $2.30 billion, a P/E ratio of 18.51, a P/E/G ratio of 1.88 and a beta of 1.16. The firm’s fifty day moving average price is $48.67 and its 200 day moving average price is $52.31. WNS has a 52-week low of $39.85 and a 52-week high of $72.57. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank purchased a new position in WNS in the second quarter worth approximately $84,000. EverSource Wealth Advisors LLC lifted its position in shares of WNS by 228.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock worth $27,000 after purchasing an additional 364 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of WNS during the second quarter worth $922,000. Employees Retirement System of Texas increased its holdings in WNS by 33.7% in the second quarter. Employees Retirement System of Texas now owns 12,596 shares of the business services provider’s stock valued at $661,000 after buying an additional 3,172 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in WNS in the second quarter valued at $876,000. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

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.