DGS Capital Management LLC Increases Position in Wipro Limited (NYSE:WIT)

DGS Capital Management LLC lifted its position in Wipro Limited (NYSE:WIT - Free Report) by 114.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 419,721 shares of the information technology services provider's stock after purchasing an additional 224,280 shares during the period. DGS Capital Management LLC's holdings in Wipro were worth $1,486,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WIT. Bank of New York Mellon Corp raised its stake in Wipro by 16.7% in the second quarter. Bank of New York Mellon Corp now owns 14,686 shares of the information technology services provider's stock worth $90,000 after buying an additional 2,104 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Wipro by 38.3% during the second quarter. Dimensional Fund Advisors LP now owns 774,867 shares of the information technology services provider's stock valued at $4,727,000 after acquiring an additional 214,712 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Wipro during the 2nd quarter valued at about $737,000. Xponance Inc. increased its position in shares of Wipro by 21.7% during the second quarter. Xponance Inc. now owns 15,866 shares of the information technology services provider's stock valued at $97,000 after acquiring an additional 2,832 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Wipro in the second quarter worth $7,994,000. Hedge funds and other institutional investors own 2.36% of the company's stock.

Wipro Trading Up 0.7 %

Shares of NYSE:WIT traded up $0.03 on Friday, hitting $3.77. 7,358,902 shares of the company's stock were exchanged, compared to its average volume of 3,515,582. The stock has a market capitalization of $39.35 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth 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 12 month low of $2.55 and a 12 month high of $3.79. The business's 50 day simple moving average is $4.74 and its two-hundred day simple moving average is $5.81.

Wipro (NYSE:WIT - Get Free Report) last announced its quarterly earnings results 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 15.71% and a net margin of 13.96%. Analysts anticipate that Wipro Limited will post 0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WIT shares. UBS Group raised shares of Wipro from a "sell" rating to a "neutral" rating in a report on Thursday, January 2nd. HSBC raised Wipro from a "reduce" rating to a "hold" rating in a research note on Monday, December 9th. Investec lowered Wipro from a "hold" rating to a "sell" rating in a research note on Thursday, October 3rd. Finally, StockNews.com raised Wipro from a "hold" rating to a "buy" rating in a 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Wipro 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.