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

Principal Financial Group Inc. trimmed its position in shares of WNS (Holdings) Limited (NYSE:WNS) by 32.9% during the third quarter, Holdings Channel reports. The firm 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 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WNS. EverSource Wealth Advisors LLC raised its position in shares of WNS by 228.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock worth $27,000 after purchasing an additional 364 shares during the last quarter. GAMMA Investing LLC increased its position in WNS by 64.1% during the second quarter. GAMMA Investing LLC now owns 635 shares of the business services provider’s stock worth $33,000 after buying an additional 248 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in shares of WNS in the third quarter worth $46,000. Amalgamated Bank acquired a new position in shares of WNS in the second quarter worth $84,000. Finally, Blue Trust Inc. lifted its position in shares of WNS by 1,151.2% in the third quarter. Blue Trust Inc. now owns 2,665 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 2,452 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. TD Cowen downgraded shares of WNS from a “buy” rating to a “hold” rating and cut their target price for the company from $64.00 to $53.00 in a research note on Thursday, October 17th. Citigroup set a $55.00 price target on shares of WNS 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 research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of WNS from $55.00 to $51.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. increased their price target on WNS from $60.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.33.

WNS Price Performance

WNS opened at $53.00 on Tuesday. WNS has a 1 year low of $39.85 and a 1 year high of $72.57. 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 company’s 50 day simple moving average is $50.42 and its 200 day simple moving average is $53.32. The stock has a market capitalization of $2.53 billion and a PE ratio of 20.38.

WNS (NYSE:WNS) last announced its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.21. The company had revenue of $310.70 million for the quarter, compared to analyst estimates of $313.66 million. WNS had a net margin of 9.39% and a return on equity of 22.76%. As a group, sell-side analysts expect that WNS will post 3.52 EPS for the current 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.