Compagnie Lombard Odier SCmA Sells 100,000 Shares of Wipro Limited (NYSE:WIT)

Compagnie Lombard Odier SCmA decreased its position in Wipro Limited (NYSE:WIT - Free Report) by 90.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,000 shares of the information technology services provider's stock after selling 100,000 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Wipro were worth $35,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in WIT. Ridgewood Investments LLC lifted its holdings in Wipro by 100.0% in the 4th quarter. Ridgewood Investments LLC now owns 7,114 shares of the information technology services provider's stock worth $25,000 after purchasing an additional 3,557 shares during the last quarter. Beacon Financial Group acquired a new stake in Wipro in the 4th quarter worth approximately $38,000. Werba Rubin Papier Wealth Management acquired a new stake in Wipro in the 3rd quarter worth approximately $71,000. Leo Wealth LLC acquired a new stake in Wipro in the 4th quarter worth approximately $40,000. Finally, BOCHK Asset Management Ltd acquired a new stake in Wipro in the 4th quarter worth approximately $42,000. Institutional investors own 2.36% of the company's stock.

Wipro Stock Performance

Shares of NYSE WIT traded up $0.05 during trading hours on Tuesday, reaching $3.68. The stock had a trading volume of 5,908,422 shares, compared to its average volume of 5,608,125. The business's fifty day moving average is $3.67 and its two-hundred day moving average is $5.50. 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 company has a market cap of $38.43 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 3.13 and a beta of 0.91. 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 issued its earnings results on Friday, January 17th. The information technology services provider reported $0.04 EPS for the quarter, meeting analysts' consensus estimates of $0.04. Wipro had a return on equity of 15.46% and a net margin of 13.96%. As a group, research analysts expect that Wipro Limited will post 0.14 EPS for the current year.

Analyst Upgrades and Downgrades

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

Wipro Company 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.