Principal Financial Group Inc. Has $222,000 Holdings in WNS (Holdings) Limited (NYSE:WNS)

Principal Financial Group Inc. lessened its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 32.9% in the third quarter, according to its most recent disclosure 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 period. Principal Financial Group Inc.’s holdings in WNS were worth $222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of WNS. Bank of New York Mellon Corp lifted its stake in shares of WNS by 478.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 154,725 shares of the business services provider’s stock valued at $8,123,000 after purchasing an additional 127,960 shares during the period. Van ECK Associates Corp boosted its holdings in shares of WNS by 28.6% during the 2nd quarter. Van ECK Associates Corp now owns 5,182 shares of the business services provider’s stock worth $272,000 after buying an additional 1,152 shares in the last quarter. Rhumbline Advisers grew its position in shares of WNS by 426.6% during the 2nd quarter. Rhumbline Advisers now owns 69,021 shares of the business services provider’s stock worth $3,624,000 after buying an additional 55,913 shares during the period. Norden Group LLC grew its position in shares of WNS by 19.1% during the 2nd quarter. Norden Group LLC now owns 8,328 shares of the business services provider’s stock worth $437,000 after buying an additional 1,335 shares during the period. Finally, William Blair Investment Management LLC increased its stake in shares of WNS by 8.3% in the 2nd quarter. William Blair Investment Management LLC now owns 347,511 shares of the business services provider’s stock valued at $18,244,000 after acquiring an additional 26,648 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

Wall Street Analyst Weigh In

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

WNS Price Performance

Shares of NYSE:WNS opened at $47.32 on Tuesday. 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 has a market cap of $2.26 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.93 and a beta of 1.16. The stock’s fifty day simple moving average is $49.75 and its two-hundred day simple moving average is $52.87. WNS has a 1-year low of $39.85 and a 1-year high of $72.57.

WNS (NYSE:WNS) last posted its quarterly earnings data on Thursday, October 17th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.21. The business had revenue of $310.70 million during 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, analysts forecast that WNS will post 3.52 EPS for the current fiscal year.

WNS Company Profile

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.