WNS (Holdings) Limited (NYSE:WNS) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in WNS (Holdings) Limited (NYSE:WNS) by 32.9% during the 3rd quarter, according to its most recent Form 13F 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 period. Principal Financial Group Inc.’s holdings in WNS were worth $222,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WNS. EverSource Wealth Advisors LLC grew its position in shares of WNS by 228.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock valued at $27,000 after buying an additional 364 shares during the last quarter. GAMMA Investing LLC boosted its stake in WNS by 64.1% in the second quarter. GAMMA Investing LLC now owns 635 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 248 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in shares of WNS during the third quarter worth about $46,000. Amalgamated Bank acquired a new stake in shares of WNS during the second quarter worth about $84,000. Finally, Blue Trust Inc. lifted its holdings in shares of WNS by 1,151.2% in the 3rd quarter. Blue Trust Inc. now owns 2,665 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 2,452 shares during the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

Analyst Ratings Changes

WNS has been the topic of several research analyst reports. 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 research report on Thursday, October 3rd. Barrington Research reaffirmed an “outperform” rating and issued a $70.00 target price on shares of WNS in a report on Friday, October 18th. Citigroup set a $55.00 price target on shares of WNS in a research note on Thursday, October 17th. JPMorgan Chase & Co. lifted their price objective on shares of WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, TD Cowen downgraded shares of WNS from a “buy” rating to a “hold” rating and decreased their target price for the stock from $64.00 to $53.00 in a research note on Thursday, October 17th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, WNS has an average rating of “Hold” and an average target price of $60.33.

WNS Stock Up 1.8 %

Shares of WNS stock opened at $53.00 on Tuesday. WNS has a one year low of $39.85 and a one year high of $72.57. The company has a market cap of $2.53 billion and a P/E ratio of 20.38. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a fifty day moving average of $50.42 and a two-hundred day moving average of $53.32.

WNS (NYSE:WNS) last posted its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.21. WNS had a net margin of 9.39% and a return on equity of 22.76%. The firm had revenue of $310.70 million during the quarter, compared to analysts’ expectations of $313.66 million. On average, analysts forecast that WNS will post 3.52 earnings per share for the current 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.