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

Principal Financial Group Inc. increased its position in WNS (Holdings) Limited (NYSE:WNS) by 3.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 157,659 shares of the business services provider’s stock after purchasing an additional 5,333 shares during the period. Principal Financial Group Inc. owned 0.34% of WNS worth $9,694,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WNS. Johnson Financial Group Inc. acquired a new stake in shares of WNS in the 4th quarter worth approximately $53,000. NBC Securities Inc. acquired a new position in WNS in the first quarter worth about $96,000. KBC Group NV bought a new position in WNS in the first quarter worth about $109,000. Ironwood Wealth Management LLC. bought a new stake in shares of WNS during the first quarter valued at approximately $209,000. Finally, Pictet Asset Management Holding SA bought a new stake in WNS during the fourth quarter worth approximately $213,000. 97.36% of the stock is owned by hedge funds and other institutional investors.

WNS Stock Down 0.0%

Shares of NYSE WNS opened at $74.70 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.19. WNS has a 12 month low of $42.62 and a 12 month high of $74.96. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.14 and a beta of 0.93. The stock has a 50-day moving average price of $60.50 and a two-hundred day moving average price of $59.08.

WNS (NYSE:WNS) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.41 by $0.04. The company had revenue of $336.30 million during the quarter, compared to the consensus estimate of $323.62 million. WNS had a net margin of 12.94% and a return on equity of 23.26%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. As a group, analysts forecast that WNS will post 3.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

WNS has been the topic of several research analyst reports. Baird R W cut shares of WNS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 8th. William Blair cut shares of WNS from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 7th. Barrington Research lowered shares of WNS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 8th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $76.50 target price (down previously from $80.00) on shares of WNS in a research note on Tuesday, July 8th. Finally, Needham & Company LLC downgraded shares of WNS from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 7th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $64.94.

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.