WNS (NYSE:WNS) Price Target Cut to $60.00

WNS (NYSE:WNS) had its price target decreased by Needham & Company LLC from $80.00 to $60.00 in a research report released on Thursday, Benzinga reports. Needham & Company LLC currently has a buy rating on the business services provider’s stock.

A number of other research analysts have also weighed in on WNS. StockNews.com lowered WNS from a buy rating to a hold rating in a research report on Tuesday, April 2nd. Citigroup cut their target price on WNS from $80.00 to $62.00 and set a buy rating on the stock in a research note on Monday. Finally, Barrington Research reiterated an outperform rating and set a $72.00 target price on shares of WNS in a research note on Monday, April 15th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, WNS has a consensus rating of Moderate Buy and a consensus target price of $73.50.

WNS Stock Performance

WNS stock opened at $41.97 on Thursday. WNS has a twelve month low of $40.06 and a twelve month high of $91.88. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average of $53.17 and a 200 day moving average of $58.77.

Hedge Funds Weigh In On WNS

A number of institutional investors and hedge funds have recently modified their holdings of the company. Verdence Capital Advisors LLC lifted its position in WNS by 123.2% during the first quarter. Verdence Capital Advisors LLC now owns 10,026 shares of the business services provider’s stock valued at $507,000 after purchasing an additional 5,534 shares in the last quarter. Osborne Partners Capital Management LLC lifted its position in WNS by 9.5% during the first quarter. Osborne Partners Capital Management LLC now owns 82,126 shares of the business services provider’s stock valued at $4,150,000 after purchasing an additional 7,158 shares in the last quarter. Rice Hall James & Associates LLC lifted its position in WNS by 21.6% during the first quarter. Rice Hall James & Associates LLC now owns 885,809 shares of the business services provider’s stock valued at $44,760,000 after purchasing an additional 157,336 shares in the last quarter. KLR Investment Advisors LLC lifted its position in WNS by 22.8% during the first quarter. KLR Investment Advisors LLC now owns 5,950 shares of the business services provider’s stock valued at $285,000 after purchasing an additional 1,104 shares in the last quarter. Finally, Norden Group LLC lifted its position in WNS by 1,545.9% during the first quarter. Norden Group LLC now owns 77,209 shares of the business services provider’s stock valued at $3,901,000 after purchasing an additional 72,518 shares in 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.