Wipro (WIT) Stock Price, News & Analysis

Company Overview

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. It serves customers in various industry sectors, such as communications, retail connectivity and services, consumer goods, healthcare, technology products and platforms, banking and financial services, energy, manufacturing and resources, capital markets and insurance, and hi-tech. The IT Products segment provides a range of third-party IT products comprising enterprise platforms, networking solutions, software and data storage products, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. It serves enterprises in various industries primarily in the Indian market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The company was incorporated in 1945 and is based in Bengaluru, India.

Key Stats

• Today's Range: $6.88 to $7.02
• 50-Day Range: $6.27 to $7.00
• 52-Week Range: $4.67 to $7.04
• Volume: 5.23 million shs
• Average Volume: 2.52 million shs
• Market Capitalization: $36.47 billion
• P/E Ratio: 25.85
• Dividend Yield: 0.14%
• Price Target: $5.60
• Consensus Rating: Hold

Wipro Stock Analysis - MarketRank™

Wipro scored higher than 21% of companies evaluated by MarketBeat, and ranked 584th out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Wipro has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 3 sell ratings.

Amount of Analyst Coverage

Wipro has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 3.70%

Earnings Growth

Earnings for Wipro are expected to grow by 3.70% in the coming year, from $0.27 to $0.28 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Wipro is 25.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.37.

Price to Earnings Ratio vs. Sector

The P/E ratio of Wipro is 25.85, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 206.50.

Price to Earnings Growth Ratio

Wipro has a PEG Ratio of 4.59. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Wipro has a P/B Ratio of 3.73. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

0.58% of the float of Wipro has been sold short.

Short Interest Ratio / Days to Cover

Wipro has a short interest ratio ("days to cover") of 17, which indicates bearish sentiment.

Change versus previous month

Short interest in Wipro has recently increased by 1.25%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Wipro has a dividend yield of 0.16%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Wipro does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Wipro is 3.70%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Wipro will have a dividend payout ratio of 3.57% next year. This indicates that Wipro will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.58% of the float of Wipro has been sold short.

Short Interest Ratio / Days to Cover

Wipro has a short interest ratio ("days to cover") of 17, which indicates bearish sentiment.

Change versus previous month

Short interest in Wipro has recently increased by 1.25%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.89

News Sentiment

Wipro has a news sentiment score of 0.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Wipro this week, compared to 4 articles on an average week.

Search Interest

3 people have searched for WIT on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Wipro insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.00% of the stock of Wipro is held by insiders.

Percentage Held by Institutions

Only 2.36% of the stock of Wipro is held by institutions.

WIT Stock Analysis - Frequently Asked Questions

How have WIT shares performed this year?

Wipro's stock was trading at $5.57 at the beginning of the year. Since then, WIT stock has increased by 25.3% and is now trading at $6.98.
View the best growth stocks for 2024 here.

How were Wipro's earnings last quarter?

Wipro Limited (NYSE:WIT) issued its quarterly earnings data on Thursday, October, 17th. The information technology services provider reported $0.07 earnings per share for the quarter, hitting analysts' consensus estimates of $0.07. The information technology services provider had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.66 billion. Wipro had a trailing twelve-month return on equity of 14.98% and a net margin of 13.23%.

When did Wipro's stock split?

Shares of Wipro split on Friday, June 9th 2017. The 2-1 split was announced on Monday, June 12th 2017. The newly issued shares were payable to shareholders after the market closes on Tuesday, April 25th 2017. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Does Wipro have any subsidiaries?

The following companies are subsidiaries of Wipro: Rizing Intermediate Holdings Inc, Convergence Acceleration Solutions LLC, LeanSwift Solutions Inc., Edgile LLC, Ampion Holdings Pty Ltd, Capco, Metronom, and more.

Who are Wipro's major shareholders?

Wipro's top institutional investors include BNP Paribas Financial Markets (0.22%), State Street Corp (0.21%), Fisher Asset Management LLC (0.07%) and Connor Clark & Lunn Investment Management Ltd. (0.03%).

How do I buy shares of Wipro?

Shares of WIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Wipro own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Wipro investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Tesla (TSLA), Cisco Systems (CSCO) and Infosys (INFY).

Company Calendar

• Last Earnings: 10/17/2024
• Today: 11/23/2024
• Next Earnings (Estimated): 1/10/2025
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Custom computer programming services
• Sub-Industry: N/A
• Current Symbol: NYSE:WIT
• CUSIP: N/A
• CIK: 1123799
• Web: www.wipro.com
• Phone: 918046827999
• Fax: 91-80-2844-0054
• Employees: 234,054
• Year Founded: 1945

Price Target and Rating

• Average Stock Price Target: $5.60
• High Stock Price Target: $6.00
• Low Stock Price Target: $5.20
• Potential Upside/Downside: -19.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.27
• Trailing P/E Ratio: 25.85
• Forward P/E Ratio: 25.85
• P/E Growth: 4.59
• Net Income: $1.33 billion
• Net Margins: 13.23%
• Pretax Margin: 16.40%
• Return on Equity: 14.98%
• Return on Assets: 9.78%

Debt

• Debt-to-Equity Ratio: 0.08
• Current Ratio: 2.69
• Quick Ratio: 2.69

Sales & Book Value

• Annual Sales: $10.77 billion
• Price / Sales: 3.39
• Cash Flow: $0.34 per share
• Price / Cash Flow: 20.33
• Book Value: $1.87 per share
• Price / Book: 3.73

Miscellaneous

• Outstanding Shares: 5,225,430,000
• Free Float: 5,173,176,000
• Market Cap: $36.47 billion
• Optionable: Optionable
• Beta: 0.89