Aquatic Capital Management LLC Buys 256,831 Shares of Wipro Limited (NYSE:WIT)

Aquatic Capital Management LLC raised its stake in Wipro Limited (NYSE:WIT - Free Report) by 203.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 382,831 shares of the information technology services provider's stock after acquiring an additional 256,831 shares during the quarter. Aquatic Capital Management LLC's holdings in Wipro were worth $1,355,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Perigon Wealth Management LLC acquired a new stake in Wipro during the 4th quarter worth approximately $61,000. HighTower Advisors LLC lifted its holdings in shares of Wipro by 292.0% during the fourth quarter. HighTower Advisors LLC now owns 62,332 shares of the information technology services provider's stock worth $221,000 after buying an additional 46,432 shares in the last quarter. Tobam bought a new stake in shares of Wipro in the fourth quarter valued at about $261,000. Van ECK Associates Corp grew its stake in shares of Wipro by 89.8% in the fourth quarter. Van ECK Associates Corp now owns 348,859 shares of the information technology services provider's stock valued at $1,235,000 after acquiring an additional 165,076 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Wipro by 100.0% during the fourth quarter. Legal & General Group Plc now owns 106,088 shares of the information technology services provider's stock worth $375,000 after acquiring an additional 53,044 shares during the period. Institutional investors own 2.36% of the company's stock.

Wipro Price Performance

WIT stock traded up $0.01 during mid-day trading on Monday, hitting $2.91. The stock had a trading volume of 383,234 shares, compared to its average volume of 6,021,026. The firm has a fifty day simple moving average of $2.99 and a 200 day simple moving average of $4.25. Wipro Limited has a 52 week low of $2.55 and a 52 week high of $3.79. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $30.38 billion, a P/E ratio of 20.04, a P/E/G ratio of 3.08 and a beta of 0.96.

Wipro (NYSE:WIT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The information technology services provider reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $225.66 billion. 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.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. StockNews.com raised shares of Wipro from a "hold" rating to a "buy" rating in a report on Saturday, April 26th. Jefferies Financial Group lowered Wipro from a "hold" rating to an "underperform" rating in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Wipro presently has an average rating of "Hold".

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.