HM Payson & Co. raised its holdings in Wipro Limited (NYSE:WIT - Free Report) by 100.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 325,376 shares of the information technology services provider's stock after purchasing an additional 162,688 shares during the period. HM Payson & Co.'s holdings in Wipro were worth $1,152,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. State Street Corp grew its holdings in 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 buying an additional 87,682 shares in the last quarter. Fisher Asset Management LLC grew its stake in Wipro by 97.9% during 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 acquiring an additional 3,722,115 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Wipro by 147.1% during 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 acquiring an additional 2,120,454 shares in the last quarter. Rhumbline Advisers lifted its stake in Wipro by 84.6% in the 4th quarter. Rhumbline Advisers now owns 3,501,225 shares of the information technology services provider's stock worth $12,394,000 after purchasing an additional 1,604,356 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in 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 purchasing an additional 867,516 shares during the period. 2.36% of the stock is currently owned by hedge funds and other institutional investors.
Wipro Trading Down 0.8 %
WIT stock traded down $0.03 on Tuesday, reaching $3.16. The company's stock had a trading volume of 2,247,196 shares, compared to its average volume of 5,132,073. 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 business has a fifty day simple moving average of $3.53 and a two-hundred day simple moving average of $5.23. The firm has a market cap of $32.99 billion, a PE ratio of 21.76, a PEG ratio of 3.08 and a beta of 0.94. Wipro Limited has a 12-month low of $2.55 and a 12-month high of $3.79.
Wipro (NYSE:WIT - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The information technology services provider reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. Wipro had a net margin of 13.96% and a return on equity of 15.46%. As a group, research analysts forecast that Wipro Limited will post 0.14 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on WIT shares. HSBC upgraded Wipro from a "reduce" rating to a "hold" rating in a research report 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 raised shares of Wipro from a "hold" rating to a "buy" rating in a research note on Monday, January 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".
Read Our Latest Report on Wipro
Wipro Profile
(
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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