Short Interest in WNS (Holdings) Limited (NYSE:WNS) Declines By 14.7%

WNS (Holdings) Limited (NYSE:WNS) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 617,400 shares, a drop of 14.7% from the March 31st total of 724,100 shares. Based on an average trading volume of 410,700 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.5% of the company’s stock are short sold.

WNS Stock Down 4.4 %

Shares of WNS stock opened at $40.17 on Monday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.14. WNS has a twelve month low of $39.85 and a twelve month high of $91.88. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 14.19 and a beta of 1.04. The company’s 50 day moving average is $52.78 and its 200 day moving average is $58.41.

WNS (NYSE:WNS) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.11. WNS had a return on equity of 21.99% and a net margin of 10.59%. The business had revenue of $325.90 million for the quarter, compared to analysts’ expectations of $322.92 million. Research analysts anticipate that WNS will post 3.69 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on WNS. Needham & Company LLC decreased their target price on shares of WNS from $80.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday. Citigroup dropped their target price on WNS from $80.00 to $62.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. StockNews.com downgraded WNS from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. TD Cowen dropped their price target on shares of WNS from $70.00 to $64.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Barrington Research restated an “outperform” rating and set a $72.00 price objective on shares of WNS in a research note on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, WNS currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.44.

Institutional Trading of WNS

Large investors have recently added to or reduced their stakes in the business. Verdence Capital Advisors LLC raised its position in WNS by 123.2% in the first quarter. Verdence Capital Advisors LLC now owns 10,026 shares of the business services provider’s stock worth $507,000 after acquiring an additional 5,534 shares during the period. Osborne Partners Capital Management LLC raised its holdings in WNS by 9.5% in the 1st quarter. Osborne Partners Capital Management LLC now owns 82,126 shares of the business services provider’s stock worth $4,150,000 after purchasing an additional 7,158 shares during the period. Rice Hall James & Associates LLC lifted its position in WNS by 21.6% during the first quarter. Rice Hall James & Associates LLC now owns 885,809 shares of the business services provider’s stock valued at $44,760,000 after purchasing an additional 157,336 shares in the last quarter. KLR Investment Advisors LLC grew its holdings in WNS by 22.8% during the first quarter. KLR Investment Advisors LLC now owns 5,950 shares of the business services provider’s stock valued at $285,000 after purchasing an additional 1,104 shares during the period. Finally, Norden Group LLC increased its position in WNS by 1,545.9% in the first quarter. Norden Group LLC now owns 77,209 shares of the business services provider’s stock worth $3,901,000 after buying an additional 72,518 shares in the last quarter. 97.36% of the stock is currently owned by institutional investors.

About WNS

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through two segments, WNS Global BPM and WNS Auto Claims BPM. It offers industry-specific services to clients primarily in insurance; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure; healthcare; utilities; shipping and logistics; Hi-tech and professional services; and banking and financial services.