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Wellington Management Increases Stake in Serco Group

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Wellington Management Increases Stake in Serco Group

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The latest update is out from Serco Group plc ( (GB:SRP) ).

Wellington Management International Ltd has increased its stake in Serco Group PLC, crossing the 5% threshold for voting rights attached to shares and financial instruments. This acquisition signifies a notable shift in the ownership structure of Serco, potentially impacting its governance and strategic direction, as Wellington Management is a significant investment management entity.

More about Serco Group plc

Serco Group PLC is a UK-based company operating in the service industry, primarily providing public services across various sectors including defense, transport, justice, immigration, healthcare, and citizen services. The company focuses on delivering essential services to government and public sector clients worldwide.

YTD Price Performance: 4.76%

Average Trading Volume: 2,316,371

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £1.6B

For detailed information about SRP stock, go to TipRanks’ Stock Analysis page.

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