Barclays PLC Invests $461,000 in Wipro Limited (NYSE:WIT)

Barclays PLC bought a new position in Wipro Limited (NYSE:WIT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 130,322 shares of the information technology services provider's stock, valued at approximately $461,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ridgewood Investments LLC lifted its holdings in shares of Wipro by 100.0% during the fourth quarter. Ridgewood Investments LLC now owns 7,114 shares of the information technology services provider's stock valued at $25,000 after acquiring an additional 3,557 shares during the period. Bell Investment Advisors Inc raised its holdings in shares of Wipro by 100.0% in the fourth quarter. Bell Investment Advisors Inc now owns 7,262 shares of the information technology services provider's stock valued at $26,000 after buying an additional 3,631 shares during the last quarter. Sierra Ocean LLC acquired a new position in Wipro during the 4th quarter valued at about $29,000. Farther Finance Advisors LLC lifted its position in Wipro by 148.3% during the 4th quarter. Farther Finance Advisors LLC now owns 8,123 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 4,851 shares during the period. Finally, Freestone Capital Holdings LLC acquired a new position in Wipro during the 4th quarter valued at about $36,000. 2.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WIT. Jefferies Financial Group downgraded shares of Wipro from a "hold" rating to an "underperform" rating in a research report on Tuesday, April 8th. StockNews.com raised Wipro from a "hold" rating to a "buy" rating in a research note on Saturday, April 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Wipro has a consensus rating of "Hold".

Wipro Stock Up 1.2%

Shares of NYSE:WIT traded up $0.04 during midday trading on Thursday, hitting $3.01. The stock had a trading volume of 754,648 shares, compared to its average volume of 5,046,973. Wipro Limited has a 12 month low of $2.55 and a 12 month high of $3.79. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.07. The business's 50-day simple moving average is $2.93 and its 200-day simple moving average is $4.07. The company has a market cap of $31.43 billion, a P/E ratio of 20.73, a PEG ratio of 3.08 and a beta of 1.03.

Wipro (NYSE:WIT - Get Free Report) last released its earnings results on Wednesday, April 16th. The information technology services provider reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Wipro had a net margin of 13.96% and a return on equity of 15.46%. The business had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $225.66 billion. On average, sell-side analysts forecast that Wipro Limited will post 0.14 earnings per share for the current fiscal year.

Wipro 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.