WNS (Holdings) Limited (ADR) (NYSE:WNS) was in 6 hedge funds’ portfolio at the end of March. WNS investors should pay attention to a decrease in support from the world’s most elite money managers in recent months. There were 6 hedge funds in our database with WNS positions at the end of the previous quarter.
To the average investor, there are dozens of indicators shareholders can use to monitor Mr. Market. Some of the most innovative are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the elite investment managers can outpace the S&P 500 by a very impressive margin (see just how much).
Equally as beneficial, bullish insider trading activity is another way to break down the world of equities. Just as you’d expect, there are plenty of incentives for an upper level exec to get rid of shares of his or her company, but just one, very simple reason why they would initiate a purchase. Many academic studies have demonstrated the impressive potential of this strategy if shareholders understand where to look (learn more here).
With these “truths” under our belt, it’s important to take a glance at the key action regarding WNS (Holdings) Limited (ADR) (NYSE:WNS).
Hedge fund activity in WNS (Holdings) Limited (ADR) (NYSE:WNS)
At Q1’s end, a total of 6 of the hedge funds we track were long in this stock, a change of 0% from the previous quarter. With the smart money’s sentiment swirling, there exists a few noteworthy hedge fund managers who were boosting their holdings meaningfully.
According to our comprehensive database, Donald Chiboucis’s Columbus Circle Investors had the biggest position in WNS (Holdings) Limited (ADR) (NYSE:WNS), worth close to $5.1 million, comprising less than 0.1%% of its total 13F portfolio. The second largest stake is held by Anand Parekh of Alyeska Investment Group, with a $1.8 million position; 0.1% of its 13F portfolio is allocated to the company. Remaining hedgies that are bullish include Jim Simons’s Renaissance Technologies, Robert B. Gillam’s McKinley Capital Management and John Overdeck and David Siegel’s Two Sigma Advisors.
Because WNS (Holdings) Limited (ADR) (NYSE:WNS) has witnessed falling interest from the entirety of the hedge funds we track, we can see that there was a specific group of hedge funds who sold off their entire stakes last quarter. Interestingly, Ken Grossman and Glen Schneider’s SG Capital Management sold off the largest investment of the “upper crust” of funds we key on, worth an estimated $0.2 million in stock., and David Costen Haley of HBK Investments was right behind this move, as the fund sold off about $0.2 million worth. These transactions are interesting, as total hedge fund interest stayed the same (this is a bearish signal in our experience).
Insider trading activity in WNS (Holdings) Limited (ADR) (NYSE:WNS)
Bullish insider trading is particularly usable when the company in focus has seen transactions within the past half-year. Over the last half-year time frame, WNS (Holdings) Limited (ADR) (NYSE:WNS) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
Let’s also examine hedge fund and insider activity in other stocks similar to WNS (Holdings) Limited (ADR) (NYSE:WNS). These stocks are Team, Inc. (NYSE:TISI), RPX Corp (NASDAQ:RPXC), InnerWorkings, Inc. (NASDAQ:INWK), Insperity Inc (NYSE:NSP), and LivePerson, Inc. (NASDAQ:LPSN). This group of stocks belong to the business services industry and their market caps are closest to WNS’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Team, Inc. (NYSE:TISI) | 9 | 1 | 8 |
| RPX Corp (NASDAQ:RPXC) | 11 | 1 | 9 |
| InnerWorkings, Inc. (NASDAQ:INWK) | 9 | 2 | 1 |
| Insperity Inc (NYSE:NSP) | 13 | 0 | 6 |
| LivePerson, Inc. (NASDAQ:LPSN) | 7 | 4 | 1 |
With the returns shown by the aforementioned time-tested strategies, everyday investors should always watch hedge fund and insider trading sentiment, and WNS (Holdings) Limited (ADR) (NYSE:WNS) applies perfectly to this mantra.
