WNS (Holdings) Limited (NYSE: WNS) stock jumped 2.53% on Tuesday to $77.90 against a previous-day closing price of $75.98. With 0.58 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.23 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $77.96 whereas the lowest price it dropped to was $75.39. The 52-week range on WNS shows that it touched its highest point at $94.96 and its lowest point at $68.13 during that stretch. It currently has a 1-year price target of $108.25. Beta for the stock currently stands at 1.21.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
Sponsored
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WNS was up-trending over the past week, with a rise of 9.36%, but this was down by -13.62% over a month. Three-month performance dropped to -10.37% while six-month performance fell -8.92%. The stock gained 10.40% in the past year, while it has lost -2.61% so far this year. A look at the trailing 12-month EPS for WNS yields 2.70 with Next year EPS estimates of 4.80. For the next quarter, that number is 0.93. This implies an EPS growth rate of 4.70% for this year and 12.40% for next year. EPS is expected to grow by 12.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 11.90%.
Float and Shares Shorts:
At present, 48.12 million WNS shares are outstanding with a float of 25.13 million shares on hand for trading. On Apr 27, 2023, short shares totaled 0.56 million, which was 1.16% higher than short shares on Mar 30, 2023. In addition to Mr. Keshav R. Murugesh as the firm’s Group CEO & Director, Mr. Sanjay Puria serves as its Group Chief Financial Officer.
Institutional Ownership:
Through their ownership of 103.49% of WNS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 45.30% of WNS, in contrast to 41.38% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in WNS with 7.88% of the stake, Fidelity Management & Research Co holds 3,793,706 shares worth 3,793,706. A second-largest stockholder of WNS, Macquarie Investment Management B, holds 2,467,875 shares, controlling over 5.13% of the firm’s shares. Massachusetts Financial Services is the third largest shareholder in WNS, holding 1,802,432 shares or 3.74% stake. With a 2.60% stake in WNS, the Delaware Ivy Science and Technolo is the largest stakeholder. A total of 1,251,314 shares are owned by the mutual fund manager. The Fidelity Mid Cap Stock Fund, which owns about 2.56% of WNS stock, is the second-largest Mutual Fund holder. It holds 1,233,508 shares valued at 111.23 million. Delaware Small Cap Core Fund holds 1.59% of the stake in WNS, owning 766,588 shares worth 69.12 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, WNS reported revenue of $295.35M and operating income of $39.47M. The EBITDA in the recently reported quarter was $43.48M and diluted EPS was $0.65.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WNS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WNS analysts setting a high price target of $120.00 and a low target of $98.00, the average target price over the next 12 months is $107.78. Based on these targets, WNS could surge 54.04% to reach the target high and rise by 25.8% to reach the target low. Reaching the average price target will result in a growth of 38.36% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
