WNS (NYSE:WNS) Downgraded to “Hold” at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft cut shares of WNS (NYSE:WNS) from a buy rating to a hold rating in a research note published on Friday, Marketbeat.com reports. The brokerage currently has $44.00 target price on the business services provider’s stock, down from their previous target price of $64.00.

Several other brokerages have also recently issued reports on WNS. StockNews.com cut shares of WNS from a buy rating to a hold rating in a research report on Tuesday, April 2nd. Needham & Company LLC reduced their price target on shares of WNS from $80.00 to $60.00 and set a buy rating on the stock in a research report on Thursday. Barrington Research reissued an outperform rating and set a $72.00 price target on shares of WNS in a research report on Monday, April 15th. Finally, Citigroup reduced their price target on shares of WNS from $80.00 to $62.00 and set a buy rating on the stock in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $72.44.

WNS Trading Down 4.6 %

Shares of WNS opened at $40.08 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.82 and a quick ratio of 1.82. WNS has a 12-month low of $39.85 and a 12-month high of $91.88. The firm has a 50-day moving average price of $52.78 and a 200 day moving average price of $58.57.

WNS (NYSE:WNS) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. WNS had a net margin of 10.59% and a return on equity of 21.99%. The company had revenue of $325.90 million for the quarter, compared to analysts’ expectations of $322.92 million. On average, sell-side analysts expect that WNS will post 3.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WNS

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC grew its position in WNS by 33.0% in the 4th quarter. Lindbrook Capital LLC now owns 754 shares of the business services provider’s stock valued at $48,000 after buying an additional 187 shares during the last quarter. CWM LLC grew its position in WNS by 490.6% in the 4th quarter. CWM LLC now owns 756 shares of the business services provider’s stock valued at $48,000 after buying an additional 628 shares during the last quarter. Parallel Advisors LLC grew its position in WNS by 30.4% in the 4th quarter. Parallel Advisors LLC now owns 841 shares of the business services provider’s stock valued at $53,000 after buying an additional 196 shares during the last quarter. GAMMA Investing LLC purchased a new position in WNS in the 4th quarter valued at $64,000. Finally, Harbor Investment Advisory LLC grew its position in WNS by 32.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,517 shares of the business services provider’s stock valued at $77,000 after buying an additional 368 shares during the last quarter. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

WNS Company Profile

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