Wise Group plc $WSE Stock Purchased by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Wise Group plc (NASDAQ:WSE) by 9.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,771,451 shares of the company’s stock after purchasing an additional 392,895 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Wise Group were worth $54,347,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in WSE. Ninety One UK Ltd increased its position in 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 buying an additional 1,959,751 shares in the last quarter. Amundi purchased a new stake in Wise Group in the second quarter valued at about $58,328,000. Allianz Asset Management GmbH acquired a new stake in Wise Group in the second quarter worth about $14,441,000. The Manufacturers Life Insurance Company acquired a new stake in Wise Group in the second quarter worth about $3,154,000. Finally, Citadel Advisors LLC acquired a new stake in Wise Group in the second quarter worth about $2,695,000.

Wise Group Price Performance

Shares of WSE opened at $11.07 on Monday. 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 plc has a 1-year low of $10.36 and a 1-year high of $17.47. The firm’s fifty day moving average is $12.04.

Wise Group (NASDAQ:WSE) last released its 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. As a group, equities research analysts predict that Wise Group plc will post 0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Wise Group news, CFO Emmanuel Francois Je Thomassin sold 6,040 shares of the business’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $11.75, for a total transaction of $70,970.00. Following the sale, the chief financial officer owned 4,853 shares in the company, valued at approximately $57,022.75. The trade was a 55.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 business’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $11.75, for a total value of $684,578.50. Following the sale, the insider owned 2,516,438 shares in the company, valued at approximately $29,568,146.50. The trade was 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 90 days, insiders sold 106,626 shares of company stock valued at $1,252,856.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Wise Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. UBS Group increased their price objective on shares of Wise Group from $16.00 to $17.25 and gave the company a “buy” rating in a research report on Tuesday, October 13th. Canaccord Genuity Group assumed coverage on shares of Wise Group in a research report on Wednesday, September 2nd. They issued a “buy” rating for the company. JPMorgan Chase & Co. lifted their target price on shares of Wise Group from $17.30 to $17.70 and gave the stock an “overweight” rating in a research note on Friday, October 16th. Finally, Monness Crespi & Hardt raised shares of Wise Group to a “strong-buy” rating in a research report on Friday, October 16th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $16.94.

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.