Vident Advisory LLC raised its position in Wipro Limited (NYSE:WIT - Free Report) by 139.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,290,311 shares of the information technology services provider's stock after purchasing an additional 750,759 shares during the period. Vident Advisory LLC's holdings in Wipro were worth $4,568,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Wipro by 92.0% during the fourth quarter. Vanguard Group Inc. now owns 23,359,346 shares of the information technology services provider's stock worth $82,692,000 after acquiring an additional 11,196,013 shares in the last quarter. Schroder Investment Management Group increased its holdings in Wipro by 177.6% during the 4th quarter. Schroder Investment Management Group now owns 9,683,559 shares of the information technology services provider's stock worth $34,280,000 after purchasing an additional 6,195,561 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Wipro in the fourth quarter valued at approximately $20,008,000. BNP Paribas Financial Markets boosted its position in shares of Wipro by 36.4% during the fourth quarter. BNP Paribas Financial Markets now owns 15,798,020 shares of the information technology services provider's stock valued at $55,925,000 after buying an additional 4,215,981 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Wipro by 97.9% during the fourth quarter. Fisher Asset Management LLC now owns 7,524,297 shares of the information technology services provider's stock worth $26,636,000 after buying an additional 3,722,115 shares in the last quarter. Institutional investors own 2.36% of the company's stock.
Wall Street Analyst Weigh In
WIT has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Wipro from a "hold" rating to a "buy" rating in a research note on Saturday, April 26th. Jefferies Financial Group downgraded shares of Wipro from a "hold" rating to an "underperform" rating in a report on Tuesday, April 8th. 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".
View Our Latest Research Report on WIT
Wipro Trading Up 0.5%
Shares of NYSE WIT traded up $0.02 during midday trading on Monday, reaching $2.87. The company had a trading volume of 4,740,264 shares, compared to its average volume of 5,043,623. The firm's fifty day moving average price is $2.91 and its 200-day moving average price is $3.86. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.07. Wipro Limited has a one year low of $2.55 and a one year high of $3.79. The stock has a market cap of $29.97 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 3.08 and a beta of 1.03.
Wipro (NYSE:WIT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The information technology services provider reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Wipro had a net margin of 13.96% and a return on equity of 15.46%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $225.66 billion. On average, equities research analysts anticipate that Wipro Limited will post 0.14 earnings per share for the current year.
About Wipro
(
Free Report)
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.
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