WNS (Holdings) Limited (NYSE:WNS) Short Interest Down 13.6% in February

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On WNS

A number of institutional investors and hedge funds have recently made changes to their positions in WNS. Jane Street Group LLC grew its stake in shares of WNS by 728.1% in the 3rd quarter. Jane Street Group LLC now owns 52,974 shares of the business services provider’s stock valued at $2,792,000 after purchasing an additional 46,577 shares during the last quarter. State Street Corp grew its stake in shares of WNS by 40.5% during the 3rd quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock worth $39,182,000 after purchasing an additional 214,417 shares during the period. Nisa Investment Advisors LLC increased its holdings in WNS by 15,848.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 85,645 shares of the business services provider’s stock valued at $4,059,000 after buying an additional 85,108 shares in the last quarter. Citigroup Inc. increased its stake in WNS by 90.0% in the 3rd quarter. Citigroup Inc. now owns 67,333 shares of the business services provider’s stock valued at $3,549,000 after purchasing an additional 31,886 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in WNS by 117.3% during the third quarter. MetLife Investment Management LLC now owns 25,388 shares of the business services provider’s stock worth $1,338,000 after purchasing an additional 13,702 shares during the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.

WNS Stock Performance

Shares of WNS opened at $63.76 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average price of $57.12 and a 200 day moving average price of $52.79. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.10 and a beta of 1.22. WNS has a 52-week low of $39.85 and a 52-week high of $65.03.

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

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.