Wise Group plc $WSE Stock Bought by Ninety One UK Ltd

Ninety One UK Ltd increased its position in shares of Wise Group plc (NASDAQ:WSE) by 37.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,195,705 shares of the company’s stock after buying an additional 1,959,751 shares during the quarter. Ninety One UK Ltd owned 0.06% of Wise Group worth $82,629,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Amundi bought a new stake in Wise Group in the 2nd quarter valued at approximately $58,328,000. Allianz Asset Management GmbH acquired a new position in Wise Group during the 2nd quarter worth approximately $14,441,000. The Manufacturers Life Insurance Company bought a new position in shares of Wise Group during the 2nd quarter worth approximately $3,154,000. Citadel Advisors LLC bought a new position in shares of Wise Group during the 2nd quarter worth approximately $2,695,000. Finally, Royal London Asset Management Ltd. acquired a new stake in shares of Wise Group in the second quarter valued at approximately $2,514,000.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Wise Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. Morgan Stanley initiated coverage on shares of Wise Group in a report on Monday, June 29th. They set an “equal weight” rating and a $16.10 target price for the company. Canaccord Genuity Group began coverage on shares of Wise Group in a report on Wednesday, September 2nd. They set a “buy” rating for the company. UBS Group raised their target price on shares of Wise Group from $16.00 to $17.25 and gave the company a “buy” rating in a research report on Tuesday. Finally, Barclays upgraded shares of Wise Group to a “strong-buy” rating in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.84.

Wise Group Price Performance

Shares of NASDAQ:WSE traded up $0.05 during midday trading on Thursday, hitting $12.06. The stock had a trading volume of 2,348,385 shares, compared to its average volume of 1,490,434. Wise Group plc has a 12 month low of $10.36 and a 12 month high of $17.47. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average of $12.25.

Wise Group (NASDAQ:WSE) last issued its earnings results on Thursday, June 25th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $576.48 million for the quarter. On average, research analysts expect that Wise Group plc will post 0.57 EPS for the current fiscal year.

About Wise Group

Wise Group PLC is a technology company. Its product offering includes Wise Account, Wise Business and Wise Platform. Wise Account is its solution for people with cross-border financial needs. Wise Business offers product along with business-specific functionalities designed to enable business customers. Wise Platform provide financial services for banks, financial institutions and enterprises. Wise Group PLC is based in LONDON, United Kingdom.