Short Interest in WNS (Holdings) Limited (NYSE:WNS) Decreases By 22.9%

WNS (Holdings) Limited (NYSE:WNS - Get Free Report) was the target of a large drop in short interest in the month of August. As of August 15th, there was short interest totaling 1,080,000 shares, adropof22.9% from the July 31st total of 1,400,000 shares. Based on an average daily volume of 1,800,000 shares, the days-to-cover ratio is presently 0.6 days. Currently,2.9% of the shares of the stock are sold short. Currently,2.9% of the shares of the stock are sold short. Based on an average daily volume of 1,800,000 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On WNS

Large investors have recently modified their holdings of the company. J.Safra Asset Management Corp raised its holdings in shares of WNS by 67.7% during the 2nd quarter. J.Safra Asset Management Corp now owns 483 shares of the business services provider's stock valued at $29,000 after buying an additional 195 shares in the last quarter. Quarry LP purchased a new position in shares of WNS during the 1st quarter valued at about $47,000. Assetmark Inc. raised its holdings in shares of WNS by 17.3% during the 2nd quarter. Assetmark Inc. now owns 909 shares of the business services provider's stock valued at $57,000 after buying an additional 134 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of WNS by 206.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,432 shares of the business services provider's stock valued at $91,000 after buying an additional 965 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of WNS during the 1st quarter valued at about $96,000. 97.36% of the stock is owned by hedge funds and other institutional investors.

WNS Stock Performance

NYSE:WNS opened at $75.51 on Tuesday. The business's 50-day moving average price is $74.23 and its two-hundred day moving average price is $65.06. WNS has a twelve month low of $42.62 and a twelve month high of $75.58. The stock has a market cap of $3.24 billion, a P/E ratio of 21.03, a PEG ratio of 2.24 and a beta of 0.91. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.18.

WNS (NYSE:WNS - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The business services provider reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.05. The company had revenue of $339.90 million for the quarter, compared to analysts' expectations of $323.13 million. WNS had a return on equity of 22.90% and a net margin of 12.11%.WNS's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted $0.93 EPS. As a group, equities analysts predict that WNS will post 3.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on WNS. William Blair downgraded WNS from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 7th. Baird R W downgraded WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Barrington Research cut WNS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Wall Street Zen cut WNS from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Needham & Company LLC cut WNS from a "moderate buy" rating to a "hold" rating in a report on Monday, July 7th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $67.43.

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.

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