Nomura Holdings Inc. Has $1.70 Million Position in Wipro Limited (NYSE:WIT)

Nomura Holdings Inc. raised its position in Wipro Limited (NYSE:WIT - Free Report) by 100.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 478,992 shares of the information technology services provider's stock after buying 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 SEC filing.

Several other large investors have also recently added to or reduced their stakes in WIT. Kathmere Capital Management LLC acquired a new position in Wipro in the fourth quarter worth $69,000. Ritholtz Wealth Management raised its holdings in shares of Wipro by 127.9% in the fourth quarter. Ritholtz Wealth Management now owns 259,503 shares of the information technology services provider's stock valued at $919,000 after buying an additional 145,629 shares during the last quarter. Cherrydale Wealth Management LLC raised its holdings in shares of Wipro by 100.0% in the fourth quarter. Cherrydale Wealth Management LLC now owns 41,168 shares of the information technology services provider's stock valued at $146,000 after buying an additional 20,584 shares during the last quarter. HB Wealth Management LLC lifted its position in Wipro by 100.0% during the 4th quarter. HB Wealth Management LLC now owns 35,556 shares of the information technology services provider's stock worth $126,000 after buying an additional 17,778 shares in the last quarter. Finally, Aaron Wealth Advisors LLC bought a new stake in Wipro during the 4th quarter worth about $63,000. 2.36% of the stock is owned by institutional investors.

Wipro Trading Up 0.9%

Shares of WIT traded up $0.03 during trading hours on Friday, hitting $2.88. 1,456,344 shares of the stock traded hands, compared to its average volume of 5,034,677. The business has a fifty day moving average of $2.91 and a 200-day moving average of $3.92. The firm has a market capitalization of $30.07 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 3.08 and a beta of 1.03. Wipro Limited has a 1-year low of $2.55 and a 1-year 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.

Wipro (NYSE:WIT - Get Free Report) last released its earnings results 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. Wipro had a net margin of 13.96% and a return on equity of 15.46%. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $225.66 billion. Analysts expect that Wipro Limited will post 0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on WIT shares. Jefferies Financial Group cut shares of Wipro from a "hold" rating to an "underperform" rating in a research report on Tuesday, April 8th. Wall Street Zen raised shares of Wipro from a "hold" rating to a "buy" rating in a research note on Saturday, April 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned 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, Wipro has an average 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.