Optas LLC Makes New $234,000 Investment in WPP plc (NYSE:WPP)

Optas LLC purchased a new position in WPP plc (NYSE:WPP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,558 shares of the business services provider’s stock, valued at approximately $234,000.

Several other institutional investors have also modified their holdings of WPP. GAMMA Investing LLC boosted its holdings in WPP by 45.3% in the third quarter. GAMMA Investing LLC now owns 648 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 202 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of WPP during the third quarter worth about $84,000. Allspring Global Investments Holdings LLC raised its holdings in WPP by 27.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,509 shares of the business services provider’s stock valued at $180,000 after acquiring an additional 753 shares in the last quarter. Blue Trust Inc. lifted its stake in WPP by 378.4% in the third quarter. Blue Trust Inc. now owns 3,526 shares of the business services provider’s stock worth $180,000 after acquiring an additional 2,789 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in WPP in the second quarter worth approximately $201,000. Institutional investors and hedge funds own 4.34% of the company’s stock.

WPP Price Performance

WPP stock opened at $47.85 on Wednesday. WPP plc has a twelve month low of $43.02 and a twelve month high of $57.37. The company’s 50 day moving average is $50.35 and its two-hundred day moving average is $49.88.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WPP. StockNews.com lowered shares of WPP from a “buy” rating to a “hold” rating in a report on Monday, November 18th. Kepler Capital Markets raised WPP from a “hold” rating to a “buy” rating in a report on Friday, January 24th.

About WPP

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.