BSW Wealth Partners Increases Stock Position in Wipro Limited (NYSE:WIT)

BSW Wealth Partners boosted its position in shares of Wipro Limited (NYSE:WIT - Free Report) by 102.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 179,083 shares of the information technology services provider's stock after acquiring an additional 90,637 shares during the period. BSW Wealth Partners' holdings in Wipro were worth $634,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. State Street Corp boosted its holdings in Wipro by 0.8% in the third quarter. State Street Corp now owns 10,826,697 shares of the information technology services provider's stock valued at $70,157,000 after purchasing an additional 87,682 shares in the last quarter. Millennium Management LLC lifted its position in shares of Wipro by 67.6% during the 2nd quarter. Millennium Management LLC now owns 5,622,699 shares of the information technology services provider's stock worth $34,298,000 after buying an additional 2,267,995 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Wipro by 72.2% in the 3rd quarter. Fisher Asset Management LLC now owns 3,802,182 shares of the information technology services provider's stock valued at $24,638,000 after buying an additional 1,593,619 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Wipro by 116.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,610,319 shares of the information technology services provider's stock valued at $10,435,000 after buying an additional 867,516 shares during the last quarter. Finally, Creative Planning raised its stake in Wipro by 24.6% during the 3rd quarter. Creative Planning now owns 1,337,344 shares of the information technology services provider's stock worth $8,666,000 after acquiring an additional 263,925 shares in the last quarter. 2.36% of the stock is owned by hedge funds and other institutional investors.

Wipro Stock Performance

Shares of NYSE:WIT traded down $0.02 on Friday, reaching $3.67. The company's stock had a trading volume of 6,066,285 shares, compared to its average volume of 5,636,152. 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 52-week low of $2.55 and a 52-week high of $3.79. The stock's 50-day moving average is $4.42 and its two-hundred day moving average is $5.71. The stock has a market capitalization of $38.33 billion, a P/E ratio of 25.28, a PEG ratio of 3.11 and a beta of 0.91.

Wipro (NYSE:WIT - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The information technology services provider reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Wipro had a return on equity of 15.46% and a net margin of 13.96%. As a group, sell-side analysts forecast that Wipro Limited will post 0.14 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on WIT shares. StockNews.com raised Wipro from a "hold" rating to a "buy" rating in a report on Monday, January 20th. HSBC upgraded Wipro from a "reduce" rating to a "hold" rating in a research note on Monday, December 9th. Finally, UBS Group upgraded Wipro from a "sell" rating to a "neutral" rating in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Wipro Profile

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.