Vontobel Holding Ltd. acquired a new position in Wise Group plc (NASDAQ:WSE – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 109,141 shares of the company’s stock, valued at approximately $1,251,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ninety One UK Ltd boosted its position in shares of Wise Group by 37.4% during the 3rd quarter. Ninety One UK Ltd now owns 7,195,705 shares of the company’s stock valued at $82,629,000 after purchasing an additional 1,959,751 shares in the last quarter. jvl associates llc bought a new stake in Wise Group in the third quarter worth approximately $230,000. Versant Capital Management Inc bought a new stake in Wise Group in the third quarter worth approximately $114,000. Envestnet Asset Management Inc. bought a new stake in Wise Group in the second quarter worth approximately $2,484,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Wise Group in the second quarter valued at approximately $3,154,000.
Insider Buying and Selling at Wise Group
In other Wise Group news, CTO Harsh Sinha sold 42,324 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $11.75, for a total transaction of $497,307.00. Following the completion of the sale, the chief technology officer directly owned 979,030 shares of the company’s stock, valued at approximately $11,503,602.50. The trade was a 4.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Nilan Peiris sold 58,262 shares of the stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $11.75, for a total transaction of $684,578.50. Following the completion of the sale, the insider owned 2,516,438 shares of the company’s stock, valued at approximately $29,568,146.50. This represents a 2.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 106,626 shares of company stock worth $1,252,856.
Wise Group Stock Down 0.3%
WSE stock opened at $10.95 on Tuesday. The business’s 50 day moving average price is $12.18. Wise Group plc has a fifty-two week low of $10.36 and a fifty-two week high of $17.47. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.07 and a current ratio of 1.07.
Wise Group (NASDAQ:WSE – Get Free Report) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $576.48 million during the quarter. On average, sell-side analysts expect that Wise Group plc will post 0.56 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on WSE shares. Weiss Ratings upgraded Wise Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. JPMorgan Chase & Co. raised their price objective on shares of Wise Group from $17.30 to $17.70 and gave the stock an “overweight” rating in a research report on Friday. Barclays upgraded shares of Wise Group to a “strong-buy” rating in a research note on Tuesday, July 7th. Morgan Stanley initiated coverage on shares of Wise Group in a research note on Monday, June 29th. They issued an “equal weight” rating and a $16.10 price objective for the company. Finally, Canaccord Genuity Group began coverage on shares of Wise Group in a research report on Wednesday, September 2nd. They set a “buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Wise Group has an average rating of “Moderate Buy” and a consensus price target of $16.94.
Get Our Latest Stock Report on Wise Group
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.
See Also
- Five stocks we like better than Wise Group
- Tesla’s Roadster Reveal Hints at 2 Much Bigger Moves
- The AI Sell-Off Continues—These 3 Stocks Keep Raising Guidance Anyway
- Mr. Wonderful’s Test for AI Data Center Stocks: Power, Permits, and Tenants
- Alcoa Beat Earnings, But Can It Escape the Aluminum Bears?
Want to see what other hedge funds are holding WSE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wise Group plc (NASDAQ:WSE – Free Report).
Receive News & Ratings for Wise Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wise Group and related companies with MarketBeat.com's FREE daily email newsletter.
