Crossmark Global Holdings Inc. Purchases 104,355 Shares of Wipro Limited (NYSE:WIT)

Crossmark Global Holdings Inc. increased its holdings in shares of Wipro Limited (NYSE:WIT - Free Report) by 100.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 208,369 shares of the information technology services provider's stock after buying an additional 104,355 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Wipro were worth $737,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ridgewood Investments LLC grew its position in Wipro by 100.0% during the 4th quarter. Ridgewood Investments LLC now owns 7,114 shares of the information technology services provider's stock worth $25,000 after acquiring an additional 3,557 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Wipro by 37.8% during the third quarter. GAMMA Investing LLC now owns 8,841 shares of the information technology services provider's stock worth $57,000 after purchasing an additional 2,426 shares during the last quarter. Abacus Wealth Partners LLC acquired a new position in shares of Wipro in the third quarter valued at approximately $71,000. Werba Rubin Papier Wealth Management bought a new position in Wipro in the 3rd quarter valued at approximately $71,000. Finally, Fulton Bank N.A. acquired a new stake in Wipro during the 4th quarter worth approximately $44,000. Institutional investors own 2.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Investec cut shares of Wipro from a "hold" rating to a "sell" rating in a research report on Thursday, October 3rd. StockNews.com upgraded Wipro from a "hold" rating to a "buy" rating in a report on Monday, January 20th. HSBC raised Wipro from a "reduce" rating to a "hold" rating in a report on Monday, December 9th. Finally, UBS Group raised 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 issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Wipro presently has a consensus rating of "Moderate Buy".

Wipro Trading Up 0.7 %

NYSE WIT traded up $0.03 during mid-day trading on Friday, reaching $3.77. 7,358,902 shares of the stock were exchanged, compared to its average volume of 3,515,582. The stock has a market cap of $39.35 billion, a P/E ratio of 25.97, a P/E/G ratio of 3.09 and a beta of 0.91. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.69 and a quick ratio of 2.69. Wipro Limited has a one year low of $2.55 and a one year high of $3.79. The stock has a 50 day simple moving average of $4.74 and a 200-day simple moving average of $5.80.

Wipro (NYSE:WIT - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.04. Wipro had a return on equity of 15.71% and a net margin of 13.96%. On average, analysts anticipate that Wipro Limited will post 0.14 EPS for the current year.

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.