D. E. Shaw & Co. Inc. Boosts Stock Holdings in Wipro Limited (NYSE:WIT)

D. E. Shaw & Co. Inc. raised its holdings in shares of Wipro Limited (NYSE:WIT - Free Report) by 105.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,612 shares of the information technology services provider's stock after purchasing an additional 105,243 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Wipro were worth $724,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of WIT. Bell Investment Advisors Inc grew its holdings in shares of Wipro by 100.0% during 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. Farther Finance Advisors LLC lifted its position in Wipro by 148.3% in 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 acquiring an additional 4,851 shares in the last quarter. Geode Capital Management LLC boosted its stake in Wipro by 10.1% during the 4th quarter. Geode Capital Management LLC now owns 68,860 shares of the information technology services provider's stock valued at $244,000 after purchasing an additional 6,323 shares during the last quarter. Allworth Financial LP increased its holdings in Wipro by 110.1% during the 4th quarter. Allworth Financial LP now owns 13,836 shares of the information technology services provider's stock worth $51,000 after purchasing an additional 7,251 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in shares of Wipro in the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 2.36% of the company's stock.

Wall Street Analyst Weigh In

WIT has been the topic of several analyst reports. Jefferies Financial Group cut Wipro from a "hold" rating to an "underperform" rating in a research report on Tuesday, April 8th. Wall Street Zen upgraded Wipro from a "hold" rating to a "buy" rating in a research note on Saturday, April 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

Wipro Stock Up 1.2%

NYSE:WIT traded up $0.04 on Thursday, hitting $2.90. The stock had a trading volume of 2,949,612 shares, compared to its average volume of 5,039,679. Wipro Limited has a 1 year low of $2.55 and a 1 year high of $3.79. The firm's fifty day simple moving average is $2.89 and its two-hundred day simple moving average is $3.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.83 and a current ratio of 2.83. The stock has a market cap of $30.28 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 3.08 and a beta of 1.03.

Wipro (NYSE:WIT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. 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%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $225.66 billion. Analysts predict that Wipro Limited will post 0.14 earnings per share for the current year.

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.