Wipro Limited (NYSE:WIT) Shares Bought by Nomura Holdings Inc.

Nomura Holdings Inc. grew its stake in Wipro Limited (NYSE:WIT - Free Report) by 100.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 478,992 shares of the information technology services provider's stock after acquiring an additional 239,496 shares during the period. Nomura Holdings Inc.'s holdings in Wipro were worth $1,696,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Bell Investment Advisors Inc grew its stake in Wipro by 100.0% during the 4th quarter. Bell Investment Advisors Inc now owns 7,262 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 3,631 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Wipro by 148.3% during the fourth quarter. Farther Finance Advisors LLC now owns 8,123 shares of the information technology services provider's stock worth $29,000 after buying an additional 4,851 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Wipro by 10.1% during the fourth quarter. Geode Capital Management LLC now owns 68,860 shares of the information technology services provider's stock worth $244,000 after buying an additional 6,323 shares during the period. Allworth Financial LP raised its holdings in Wipro by 110.1% in the fourth quarter. Allworth Financial LP now owns 13,836 shares of the information technology services provider's stock valued at $51,000 after acquiring an additional 7,251 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in Wipro in the fourth quarter worth approximately $29,000. 2.36% of the stock is currently owned by institutional investors and hedge funds.

Wipro Stock Down 0.5%

Shares of NYSE:WIT traded down $0.02 during trading on Wednesday, hitting $2.90. 3,455,602 shares of the company were exchanged, compared to its average volume of 5,045,083. The firm's 50 day moving average price is $2.92 and its 200-day moving average price is $3.95. Wipro Limited has a 12-month low of $2.55 and a 12-month high of $3.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 2.83. The stock has a market capitalization of $30.28 billion, a P/E ratio of 19.97, a PEG ratio of 3.08 and a beta of 1.03.

Wipro (NYSE:WIT - Get Free Report) last released its quarterly earnings results 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 firm 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%. On average, research analysts predict that Wipro Limited will post 0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WIT has been the topic of a number of recent analyst reports. StockNews.com raised shares of Wipro from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. Jefferies Financial Group lowered Wipro from a "hold" rating to an "underperform" rating in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Wipro currently has an average rating of "Hold".

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.