WNS (Holdings) Limited (NYSE:WNS) Sees Significant Decline in Short Interest

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WNS (Holdings) Limited (NYSE:WNS) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 44,400 shares, a decline of 11.4% from the August 30th total of 50,100 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 151,900 shares, the short-interest ratio is currently 0.3 days.

Several hedge funds and other institutional investors have recently modified their holdings of WNS. Advisors Preferred LLC bought a new position in shares of WNS in the second quarter worth approximately $52,000. Royal Bank of Canada lifted its stake in shares of WNS by 110.9% in the second quarter. Royal Bank of Canada now owns 989 shares of the business services provider’s stock worth $58,000 after buying an additional 520 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of WNS in the second quarter worth approximately $155,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of WNS in the second quarter worth approximately $197,000. Finally, HighTower Advisors LLC bought a new position in shares of WNS in the second quarter worth approximately $203,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.

WNS has been the topic of several research reports. Barrington Research boosted their price objective on shares of WNS from $68.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Cantor Fitzgerald boosted their price objective on shares of WNS from $63.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Berenberg Bank initiated coverage on shares of WNS in a research note on Friday, September 13th. They set a “buy” rating and a $72.00 price objective on the stock. Cowen boosted their price objective on shares of WNS from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Finally, ValuEngine lowered shares of WNS from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. WNS currently has a consensus rating of “Buy” and an average price target of $68.44.

NYSE:WNS traded down $0.15 during mid-day trading on Tuesday, hitting $59.87. 6,922 shares of the company’s stock were exchanged, compared to its average volume of 149,795. WNS has a one year low of $39.24 and a one year high of $65.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.77 and a quick ratio of 1.77. The business has a fifty day moving average price of $59.91 and a 200 day moving average price of $58.64. The company has a market cap of $2.98 billion, a PE ratio of 26.52, a P/E/G ratio of 2.06 and a beta of 1.12.

WNS (NYSE:WNS) last issued its earnings results on Thursday, July 18th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.24. The firm had revenue of $214.60 million for the quarter, compared to the consensus estimate of $207.51 million. WNS had a net margin of 13.44% and a return on equity of 23.92%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. On average, equities analysts forecast that WNS will post 2.36 EPS for the current fiscal year.

About WNS

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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