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

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

Institutional Trading of WNS

Several institutional investors have recently added to or reduced their stakes in WNS. Jane Street Group LLC boosted its position in shares of WNS by 728.1% during the third quarter. Jane Street Group LLC now owns 52,974 shares of the business services provider’s stock worth $2,792,000 after buying an additional 46,577 shares during the period. State Street Corp boosted its holdings in WNS by 40.5% during the 3rd quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock valued at $39,182,000 after acquiring an additional 214,417 shares during the period. Nisa Investment Advisors LLC grew its position in WNS by 15,848.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 85,645 shares of the business services provider’s stock valued at $4,059,000 after acquiring an additional 85,108 shares in the last quarter. Citigroup Inc. grew its position 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 acquiring an additional 31,886 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake 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 period. Institutional investors and hedge funds own 97.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Needham & Company LLC increased their price objective on shares of WNS from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. StockNews.com raised WNS from a “hold” rating to a “buy” rating in a report on Friday, January 24th. Robert W. Baird boosted their price objective on WNS from $58.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group cut their target price on WNS from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.63.

WNS Stock Performance

Shares of WNS stock opened at $63.76 on Friday. The business’s fifty day simple moving average is $57.12 and its 200-day simple moving average is $52.79. 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 firm has a market cap of $2.95 billion, a PE 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 announced its earnings results on Thursday, January 23rd. The business services provider reported $0.89 earnings per share 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%. Equities analysts forecast that WNS will post 3.8 earnings per share for the current 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.