Segall Bryant & Hamill LLC lifted its position in Wipro Limited (NYSE:WIT - Free Report) by 114.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 202,200 shares of the information technology services provider's stock after acquiring an additional 108,100 shares during the quarter. Segall Bryant & Hamill LLC's holdings in Wipro were worth $716,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in WIT. Perigon Wealth Management LLC bought a new stake in shares of Wipro in the 4th quarter worth approximately $61,000. Tobam acquired a new stake in Wipro in the fourth quarter worth $261,000. Van ECK Associates Corp lifted its stake in Wipro by 89.8% in the fourth quarter. Van ECK Associates Corp now owns 348,859 shares of the information technology services provider's stock valued at $1,235,000 after buying an additional 165,076 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Wipro by 93.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,589 shares of the information technology services provider's stock valued at $307,000 after acquiring an additional 41,766 shares during the period. Finally, Bleakley Financial Group LLC grew its position in shares of Wipro by 102.0% during the fourth quarter. Bleakley Financial Group LLC now owns 32,974 shares of the information technology services provider's stock worth $117,000 after acquiring an additional 16,651 shares during the last quarter. 2.36% of the stock is currently owned by institutional investors.
Wipro Price Performance
Shares of NYSE:WIT traded up $0.05 during trading on Wednesday, reaching $3.11. The company had a trading volume of 969,722 shares, compared to its average volume of 5,311,067. Wipro Limited has a twelve month low of $2.55 and a twelve month high of $3.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.83 and a current ratio of 2.83. The firm has a market capitalization of $32.47 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The firm's fifty day moving average is $3.40 and its 200 day moving average is $4.87.
Wipro (NYSE:WIT - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The information technology services provider reported $0.04 earnings per share (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%. On average, equities analysts forecast that Wipro Limited will post 0.14 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms have commented on WIT. HSBC upgraded shares of Wipro from a "reduce" rating to a "hold" rating in a research report on Monday, December 9th. UBS Group upgraded Wipro from a "sell" rating to a "neutral" rating in a research report on Thursday, January 2nd. Finally, StockNews.com upgraded Wipro from a "hold" rating to a "buy" rating in a research report on Monday, January 20th. One 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".
Read Our Latest Stock Report on WIT
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.
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