Optas LLC Takes $234,000 Position in WPP plc (NYSE:WPP)

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

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

Analyst Ratings Changes

A number of research firms recently issued reports on WPP. StockNews.com lowered 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.

WPP Stock Performance

WPP stock opened at $47.85 on Wednesday. The company has a fifty day moving average of $50.35 and a 200-day moving average of $49.88. WPP plc has a one year low of $43.02 and a one year high of $57.37.

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.