Wipro Limited (NYSE:WIT) Shares Purchased by Millennium Management LLC

Millennium Management LLC grew its holdings in shares of Wipro Limited (NYSE:WIT - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,175,166 shares of the information technology services provider's stock after acquiring an additional 423,840 shares during the quarter. Millennium Management LLC's holdings in Wipro were worth $14,780,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of WIT. HB Wealth Management LLC lifted its holdings in shares of Wipro by 100.0% during the fourth quarter. HB Wealth Management LLC now owns 35,556 shares of the information technology services provider's stock valued at $126,000 after purchasing an additional 17,778 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Wipro by 100.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 208,369 shares of the information technology services provider's stock worth $737,000 after acquiring an additional 104,355 shares in the last quarter. Atomi Financial Group Inc. increased its position in Wipro by 196.9% during the 4th quarter. Atomi Financial Group Inc. now owns 58,903 shares of the information technology services provider's stock valued at $209,000 after buying an additional 39,061 shares in the last quarter. Simon Quick Advisors LLC increased its holdings in shares of Wipro by 107.7% in the fourth quarter. Simon Quick Advisors LLC now owns 74,510 shares of the information technology services provider's stock valued at $264,000 after purchasing an additional 38,644 shares during the period. Finally, Euro Pacific Asset Management LLC grew its holdings in Wipro by 83.1% during the fourth quarter. Euro Pacific Asset Management LLC now owns 22,634 shares of the information technology services provider's stock worth $84,000 after acquiring an additional 10,275 shares during the period. 2.36% of the stock is owned by hedge funds and other institutional investors.

Wipro Stock Performance

Shares of NYSE:WIT traded down $0.03 during midday trading on Wednesday, hitting $2.88. The company's stock had a trading volume of 230,023 shares, compared to its average volume of 5,014,668. Wipro Limited has a fifty-two week low of $2.55 and a fifty-two week high of $3.79. The stock has a market capitalization of $30.07 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 3.08 and a beta of 1.03. The stock's 50 day simple moving average is $2.90 and its 200 day simple moving average is $3.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.83 and a current ratio of 2.83.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Jefferies Financial Group downgraded Wipro from a "hold" rating to an "underperform" rating in a research report on Tuesday, April 8th. Wall Street Zen raised Wipro from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, 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.