Wipro Limited (NYSE:WIT) Shares Bought by US Bancorp DE

US Bancorp DE boosted its position in shares of Wipro Limited (NYSE:WIT - Free Report) by 128.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 756,665 shares of the information technology services provider's stock after buying an additional 425,451 shares during the quarter. US Bancorp DE's holdings in Wipro were worth $2,679,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WIT. State Street Corp grew its position in shares of Wipro by 0.8% during the 3rd quarter. State Street Corp now owns 10,826,697 shares of the information technology services provider's stock valued at $70,157,000 after acquiring an additional 87,682 shares during the period. Fisher Asset Management LLC grew its holdings in Wipro by 97.9% in the fourth quarter. Fisher Asset Management LLC now owns 7,524,297 shares of the information technology services provider's stock valued at $26,636,000 after purchasing an additional 3,722,115 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Wipro by 147.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,562,214 shares of the information technology services provider's stock valued at $12,610,000 after purchasing an additional 2,120,454 shares during the period. Rhumbline Advisers increased its position in shares of Wipro by 84.6% in the fourth quarter. Rhumbline Advisers now owns 3,501,225 shares of the information technology services provider's stock valued at $12,394,000 after buying an additional 1,604,356 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Wipro by 116.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,610,319 shares of the information technology services provider's stock worth $10,435,000 after buying an additional 867,516 shares during the period. Hedge funds and other institutional investors own 2.36% of the company's stock.

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Wipro Price Performance

NYSE WIT traded down $0.07 during mid-day trading on Monday, hitting $3.20. The stock had a trading volume of 4,643,404 shares, compared to its average volume of 4,948,836. The firm's 50 day moving average is $3.53 and its 200 day moving average is $5.25. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 2.83. The stock has a market capitalization of $33.41 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 3.08 and a beta of 0.94. Wipro Limited has a twelve month low of $2.55 and a twelve month high of $3.79.

Wipro (NYSE:WIT - Get Free Report) last released 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 net margin of 13.96% and a return on equity of 15.46%. Equities research analysts forecast that Wipro Limited will post 0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WIT has been the topic of a number of research analyst reports. HSBC raised shares of Wipro from a "reduce" rating to a "hold" rating in a research note on Monday, December 9th. UBS Group upgraded shares of Wipro from a "sell" rating to a "neutral" rating in a research report on Thursday, January 2nd. Finally, StockNews.com upgraded shares of Wipro from a "hold" rating to a "buy" rating in a research report on Monday, January 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

About Wipro

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.