Wipro Limited (NYSE:WIT) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its stake in shares of Wipro Limited (NYSE:WIT - Free Report) by 163.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 283,234 shares of the information technology services provider's stock after acquiring an additional 175,833 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Wipro were worth $1,003,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Bell Investment Advisors Inc boosted its position in Wipro by 100.0% in 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. Sierra Ocean LLC purchased a new stake in Wipro in the fourth quarter valued at approximately $29,000. Farther Finance Advisors LLC boosted its position in Wipro by 148.3% in the fourth quarter. Farther Finance Advisors LLC now owns 8,123 shares of the information technology services provider's stock valued at $29,000 after buying an additional 4,851 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new stake in Wipro in the fourth quarter valued at approximately $35,000. Finally, Freestone Capital Holdings LLC purchased a new stake in Wipro in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 2.36% of the company's stock.

Analyst Ratings Changes

WIT has been the topic of several recent research reports. Wall Street Zen upgraded 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 research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold".

Wipro Price Performance

Shares of NYSE:WIT traded up $0.02 during midday trading on Thursday, reaching $2.86. 3,670,946 shares of the company's stock traded hands, compared to its average volume of 5,039,375. Wipro Limited has a 1 year low of $2.63 and a 1 year high of $3.79. The company has a market cap of $29.86 billion, a P/E ratio of 19.69, a PEG ratio of 3.08 and a beta of 1.03. 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 company has a fifty day simple moving average of $2.87 and a two-hundred day simple moving average of $3.68.

Wipro (NYSE:WIT - Get Free Report) last announced 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 return on equity of 15.46% and a net margin of 13.96%. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $225.66 billion. Equities analysts predict that Wipro Limited will post 0.14 EPS for the current fiscal year.

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.