Jane Street Group LLC Sells 401,274 Shares of Wipro Limited (NYSE:WIT)

Jane Street Group LLC reduced its position in shares of Wipro Limited (NYSE:WIT - Free Report) by 83.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,780 shares of the information technology services provider's stock after selling 401,274 shares during the period. Jane Street Group LLC's holdings in Wipro were worth $279,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Perigon Wealth Management LLC bought a new stake in Wipro during the fourth quarter worth $61,000. Caprock Group LLC boosted its stake in Wipro by 89.7% in the 4th quarter. Caprock Group LLC now owns 304,396 shares of the information technology services provider's stock valued at $1,078,000 after purchasing an additional 143,926 shares during the period. Greenleaf Trust grew its stake in shares of Wipro by 100.0% in the fourth quarter. Greenleaf Trust now owns 181,332 shares of the information technology services provider's stock valued at $642,000 after acquiring an additional 90,666 shares in the last quarter. Optas LLC increased its holdings in shares of Wipro by 65.4% during the fourth quarter. Optas LLC now owns 34,513 shares of the information technology services provider's stock worth $122,000 after purchasing an additional 13,644 shares during the period. Finally, E. Ohman J or Asset Management AB raised its holdings in Wipro by 52.3% in the 4th quarter. E. Ohman J or Asset Management AB now owns 179,000 shares of the information technology services provider's stock valued at $634,000 after acquiring an additional 61,500 shares in the last quarter. 2.36% of the stock is currently owned by institutional investors.

Wipro Trading Up 0.5%

WIT stock traded up $0.02 during trading on Thursday, hitting $2.86. The company had a trading volume of 3,670,946 shares, compared to its average volume of 5,786,498. The stock has a market cap of $29.86 billion, a PE ratio of 19.69, a PEG ratio of 3.08 and a beta of 1.03. The business has a 50-day moving average of $2.87 and a 200-day moving average of $3.68. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.07. Wipro Limited has a one year low of $2.63 and a one year high of $3.79.

Wipro (NYSE:WIT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.04. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $225.66 billion. Wipro had a return on equity of 15.46% and a net margin of 13.96%. Research analysts predict that Wipro Limited will post 0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WIT has been the subject of a number of recent analyst reports. Jefferies Financial Group downgraded shares of Wipro from a "hold" rating to an "underperform" rating in a report on Tuesday, April 8th. Wall Street Zen upgraded Wipro from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

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.