Sava Infond d.o.o. purchased a new stake in shares of Wipro Limited (NYSE:WIT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 320,000 shares of the information technology services provider's stock, valued at approximately $1,133,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA raised its holdings in Wipro by 4.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 37,327 shares of the information technology services provider's stock valued at $242,000 after acquiring an additional 1,746 shares during the period. Franklin Resources Inc. increased its stake in shares of Wipro by 9.1% during the third quarter. Franklin Resources Inc. now owns 35,371 shares of the information technology services provider's stock worth $233,000 after purchasing an additional 2,951 shares during the period. Ridgewood Investments LLC boosted its stake in Wipro by 100.0% in the 4th quarter. Ridgewood Investments LLC now owns 7,114 shares of the information technology services provider's stock valued at $25,000 after purchasing an additional 3,557 shares during the period. Bell Investment Advisors Inc grew its holdings in Wipro by 100.0% in the 4th quarter. Bell Investment Advisors Inc now owns 7,262 shares of the information technology services provider's stock valued at $26,000 after buying an additional 3,631 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in Wipro by 148.3% during the 4th quarter. Farther Finance Advisors LLC now owns 8,123 shares of the information technology services provider's stock worth $29,000 after buying an additional 4,851 shares during the period. 2.36% of the stock is owned by institutional investors.
Wipro Price Performance
WIT traded down $0.10 during trading on Friday, hitting $3.04. 2,516,580 shares of the stock traded hands, compared to its average volume of 5,048,530. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 2.83. Wipro Limited has a twelve month low of $2.55 and a twelve month high of $3.79. The company has a market cap of $31.74 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 3.08 and a beta of 0.94. The business has a 50 day moving average price of $3.41 and a 200 day moving average price of $4.92.
Wipro (NYSE:WIT - Get Free Report) last issued its earnings results on Friday, January 17th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.04. Wipro had a return on equity of 15.46% and a net margin of 13.96%. Equities research analysts forecast that Wipro Limited will post 0.14 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
WIT has been the topic of a number of recent research reports. HSBC raised shares of Wipro from a "reduce" rating to a "hold" rating in a research report on Monday, December 9th. StockNews.com upgraded shares of Wipro from a "hold" rating to a "buy" rating in a research report on Monday, January 20th. Finally, UBS Group upgraded Wipro from a "sell" rating to a "neutral" rating in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".
Get Our Latest Stock Report on Wipro
About Wipro
(
Free Report)
Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through IT Services and IT Products segments. The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises.
Further Reading
Before you consider Wipro, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wipro wasn't on the list.
While Wipro currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
