Two Sigma Advisers LP Boosts Stock Position in Wipro Limited (NYSE:WIT)

Two Sigma Advisers LP increased its holdings in Wipro Limited (NYSE:WIT - Free Report) by 143.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,500 shares of the information technology services provider's stock after acquiring an additional 108,600 shares during the quarter. Two Sigma Advisers LP's holdings in Wipro were worth $653,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bell Investment Advisors Inc lifted its position in Wipro by 100.0% during 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 period. Sierra Ocean LLC bought a new position in shares of Wipro during the fourth quarter valued at $29,000. Farther Finance Advisors LLC increased its holdings 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 valued at $29,000 after acquiring an additional 4,851 shares in the last quarter. Freestone Capital Holdings LLC bought a new position in shares of Wipro during the fourth quarter valued at $36,000. Finally, Callan Family Office LLC bought a new position in shares of Wipro during the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 2.36% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Jefferies Financial Group downgraded Wipro from a "hold" rating to an "underperform" rating in a report on Tuesday, April 8th. Wall Street Zen upgraded Wipro from a "hold" rating to a "buy" rating in a report on Saturday, April 26th. Two 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 stock. According to MarketBeat, the company has an average rating of "Hold".

Wipro Stock Performance

NYSE WIT traded up $0.02 during trading hours on Friday, hitting $2.88. The company's stock had a trading volume of 2,914,931 shares, compared to its average volume of 5,011,749. Wipro Limited has a 12 month low of $2.63 and a 12 month high of $3.79. The company's 50 day simple moving average is $2.86 and its two-hundred day simple moving average is $3.62. The company has a market cap of $30.13 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 3.08 and a beta of 1.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 2.83.

Wipro (NYSE:WIT - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The information technology services provider reported $0.04 EPS for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $225.66 billion. As a group, sell-side analysts expect that Wipro Limited will post 0.14 EPS for the current fiscal year.

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.