Principal Financial Group Inc. Decreases Stock Position in WNS (Holdings) Limited (NYSE:WNS)

Principal Financial Group Inc. reduced its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 32.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,204 shares of the business services provider’s stock after selling 2,058 shares during the quarter. Principal Financial Group Inc.’s holdings in WNS were worth $222,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of WNS. EverSource Wealth Advisors LLC lifted its stake in WNS by 228.9% in the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock worth $27,000 after acquiring an additional 364 shares during the period. Financial Management Professionals Inc. purchased a new stake in shares of WNS in the 3rd quarter worth about $46,000. Amalgamated Bank bought a new stake in shares of WNS during the 2nd quarter valued at about $84,000. GAMMA Investing LLC increased its position in shares of WNS by 237.2% during the third quarter. GAMMA Investing LLC now owns 2,141 shares of the business services provider’s stock valued at $113,000 after buying an additional 1,506 shares during the period. Finally, Blue Trust Inc. raised its stake in WNS by 1,151.2% in the third quarter. Blue Trust Inc. now owns 2,665 shares of the business services provider’s stock worth $140,000 after buying an additional 2,452 shares in the last quarter. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WNS. Needham & Company LLC cut their price objective on WNS from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft dropped their price target on WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. TD Cowen downgraded WNS from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $64.00 to $53.00 in a report on Thursday, October 17th. Barrington Research restated an “outperform” rating and set a $70.00 target price on shares of WNS in a report on Friday, October 18th. Finally, Citigroup set a $55.00 price target on shares of WNS in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $60.33.

WNS Trading Up 0.7 %

NYSE WNS opened at $47.32 on Tuesday. WNS has a 12 month low of $39.85 and a 12 month high of $72.57. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average price is $49.75 and its 200-day moving average price is $52.87. The stock has a market cap of $2.26 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.93 and a beta of 1.16.

WNS (NYSE:WNS) last announced its quarterly earnings data on Thursday, October 17th. The business services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.78 by $0.21. The company had revenue of $310.70 million for the quarter, compared to the consensus estimate of $313.66 million. WNS had a net margin of 9.39% and a return on equity of 22.76%. As a group, equities analysts forecast that WNS will post 3.52 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.