Squarepoint Ops LLC Boosts Holdings in Wipro Limited (NYSE:WIT)

Squarepoint Ops LLC boosted its position in shares of Wipro Limited (NYSE:WIT - Free Report) by 111.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,709,197 shares of the information technology services provider's stock after buying an additional 899,312 shares during the period. Squarepoint Ops LLC's holdings in Wipro were worth $6,051,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Two Sigma Advisers LP lifted its position in shares of Wipro by 143.1% during the 4th quarter. Two Sigma Advisers LP now owns 184,500 shares of the information technology services provider's stock worth $653,000 after buying an additional 108,600 shares during the last quarter. Tidal Investments LLC acquired a new position in Wipro during the fourth quarter worth about $56,000. Quantinno Capital Management LP lifted its holdings in shares of Wipro by 125.8% in the fourth quarter. Quantinno Capital Management LP now owns 244,689 shares of the information technology services provider's stock worth $866,000 after acquiring an additional 136,329 shares during the last quarter. Man Group plc acquired a new stake in shares of Wipro in the 4th quarter valued at approximately $1,743,000. Finally, Nomura Holdings Inc. grew its holdings in shares of Wipro by 100.0% during the 4th quarter. Nomura Holdings Inc. now owns 478,992 shares of the information technology services provider's stock valued at $1,696,000 after purchasing an additional 239,496 shares during the last quarter. 2.36% of the stock is owned by institutional investors.

Wipro Stock Up 1.2%

Shares of WIT stock traded up $0.04 on Thursday, reaching $2.90. 1,958,989 shares of the company were exchanged, compared to its average volume of 5,028,552. 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 company has a 50-day moving average of $2.90 and a 200-day moving average of $3.82. The company has a market cap of $30.28 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 3.08 and a beta of 1.03. Wipro Limited has a one year low of $2.55 and a one year high of $3.79.

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

Analyst Ratings Changes

WIT has been the topic of a number of research reports. Jefferies Financial Group cut shares of Wipro from a "hold" rating to an "underperform" rating in a research note on Tuesday, April 8th. Wall Street Zen raised Wipro from a "hold" rating to a "buy" rating in a report on Saturday, April 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus 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.