WNS (Holdings) Limited (NYSE:WNS) Short Interest Update

WNS (Holdings) Limited (NYSE:WNS) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 2,040,000 shares, a drop of 13.6% from the February 13th total of 2,360,000 shares. Based on an average daily trading volume, of 496,400 shares, the days-to-cover ratio is presently 4.1 days. Currently, 5.0% of the company’s stock are sold short.

WNS Stock Performance

WNS traded up $1.17 during trading on Wednesday, reaching $64.67. 69,651 shares of the company were exchanged, compared to its average volume of 499,306. WNS has a 52 week low of $39.85 and a 52 week high of $65.03. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $56.34 and a 200 day moving average of $52.63. The stock has a market cap of $2.99 billion, a P/E ratio of 22.57, a PEG ratio of 2.10 and a beta of 1.22.

WNS (NYSE:WNS) last released its quarterly earnings results on Thursday, January 23rd. The business services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.15). WNS had a return on equity of 22.25% and a net margin of 10.03%. On average, sell-side analysts forecast that WNS will post 3.8 EPS for the current fiscal year.

Hedge Funds Weigh In On WNS

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hhlr Advisors LTD. acquired a new position in WNS during the 4th quarter worth $72,576,000. Thrivent Financial for Lutherans bought a new stake in shares of WNS during the third quarter valued at about $61,726,000. Mesirow Institutional Investment Management Inc. acquired a new stake in WNS in the fourth quarter worth about $14,181,000. State Street Corp grew its position in WNS by 40.5% in the 3rd quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock valued at $39,182,000 after buying an additional 214,417 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in shares of WNS in the 4th quarter worth approximately $7,813,000. 97.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WNS has been the topic of a number of research analyst reports. StockNews.com upgraded shares of WNS from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. Needham & Company LLC lifted their price target on WNS from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Robert W. Baird upped their price objective on WNS from $58.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group decreased their target price on WNS from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.63.

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.