Public Employees Retirement System of Ohio Purchases New Shares in Wise Group plc $WSE

Key Points

• Institutional interest increased: The Public Employees Retirement System of Ohio bought 105,455 Wise Group shares valued at approximately $1.27 million, while Madison Asset Management also opened a new position.
• Analysts remain moderately bullish: Wise reported quarterly revenue of $576.48 million and EPS of $0.12. Analysts assign the stock a consensus “Moderate Buy” rating with an average price target of $16.52, above its $12.41 opening price.
• Legal concerns remain a key risk: Wise is facing a securities lawsuit alleging it understated regulatory risks related to anti-money-laundering deficiencies, with investors’ lead-plaintiff deadline set for September 29, 2026. The company’s £405 million share-buyback program may support the stock but could be outweighed by potential legal, regulatory and reputational costs.

Public Employees Retirement System of Ohio purchased a new position in Wise Group plc (NASDAQ:WSE - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 105,455 shares of the company's stock, valued at approximately $1,265,000. Public Employees Retirement System of Ohio owned approximately 0.08% of Wise Group at the end of the most recent quarter.

Separately, Madison Asset Management LLC purchased a new stake in shares of Wise Group in the 2nd quarter valued at approximately $1,725,000.

Wise Group Stock Down 2.9%

Shares of Wise Group stock opened at $12.41 on Wednesday. Wise Group plc has a 12-month low of $10.36 and a 12-month high of $17.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 1.07. The stock's 50 day moving average is $12.64.

Wise Group (NASDAQ:WSE - Get Free Report) last released 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 for the quarter. On average, analysts predict that Wise Group plc will post 0.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WSE. The Goldman Sachs Group raised shares of Wise Group to a "strong-buy" rating in a research note on Tuesday, May 12th. Morgan Stanley assumed coverage on Wise Group in a research report on Monday, June 29th. They set an "equal weight" rating and a $16.10 price objective for the company. Canaccord Genuity Group started coverage on shares of Wise Group in a research report on Wednesday, September 2nd. They set a "buy" rating on the stock. Wall Street Zen raised shares of Wise Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 27th. Finally, Weiss Ratings upgraded Wise Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $16.52.

Key Stories Impacting Wise Group

Here are the key news stories impacting Wise Group this week:

• Positive Sentiment: Wise continued repurchasing shares under its previously announced £405 million buyback program. Treasury purchases can support demand, reduce shares outstanding and potentially improve earnings per share, though they also use company cash. Wise Group Ramps Up £405m Share Buyback with New Treasury Purchases
• Neutral Sentiment: Multiple law firms reiterated that September 29, 2026 is the deadline for investors to seek lead-plaintiff status in the pending class action. The notices primarily seek investor participation and do not represent a court finding of wrongdoing. Kaplan Fox Encourages Investors to Act
• Negative Sentiment: The securities lawsuit covers investors who acquired Wise securities between May 11 and July 23, 2026. The allegations claim Wise understated regulatory risks connected to anti-money-laundering deficiencies and that company disclosures may have misled investors. Two executives who signed SEC filings are named as individual defendants. SueWallSt Reminds Shareholders of Deadline
• Negative Sentiment: Several firms, including Pomerantz, Kaplan Fox, Glancy Prongay Wolke & Rotter, Bernstein Liebhard, Faruqi & Faruqi, Bronstein Gewirtz & Grossman, SBS and Rosen, issued near-duplicate investor alerts. The unusually high volume of litigation publicity raises concerns about potential legal costs, reputational damage, regulatory scrutiny and future liabilities, likely outweighing the buyback-related support in the near term. Pomerantz Investor Alert

Wise Group Company Profile

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.