Wipro Limited (NYSE:WIT) Shares Purchased by Vident Advisory LLC

Vident Advisory LLC boosted its holdings in Wipro Limited (NYSE:WIT - Free Report) by 139.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,290,311 shares of the information technology services provider's stock after purchasing an additional 750,759 shares during the quarter. Vident Advisory LLC's holdings in Wipro were worth $4,568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in WIT. Vanguard Group Inc. increased its stake in Wipro by 92.0% in the fourth quarter. Vanguard Group Inc. now owns 23,359,346 shares of the information technology services provider's stock valued at $82,692,000 after purchasing an additional 11,196,013 shares during the last quarter. Schroder Investment Management Group increased its stake in Wipro by 177.6% in the fourth quarter. Schroder Investment Management Group now owns 9,683,559 shares of the information technology services provider's stock valued at $34,280,000 after purchasing an additional 6,195,561 shares during the last quarter. Marshall Wace LLP acquired a new position in Wipro in the fourth quarter valued at $20,008,000. BNP Paribas Financial Markets increased its stake in Wipro by 36.4% in 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 purchasing an additional 4,215,981 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in Wipro by 97.9% in the fourth quarter. Fisher Asset Management LLC now owns 7,524,297 shares of the information technology services provider's stock valued at $26,636,000 after purchasing an additional 3,722,115 shares during the last quarter. 2.36% of the stock is currently owned by institutional investors and hedge funds.

Wipro Price Performance

WIT stock opened at $2.91 on Wednesday. Wipro Limited has a 12-month low of $2.55 and a 12-month high of $3.79. The stock has a 50-day moving average price of $2.92 and a two-hundred day moving average price of $3.95. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.07. The company has a market cap of $30.44 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 3.08 and a beta of 1.03.

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 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, research analysts predict that Wipro Limited will post 0.14 EPS for the current year.

Analyst Ratings Changes

WIT has been the subject of a number of research reports. Jefferies Financial Group downgraded Wipro from a "hold" rating to an "underperform" rating in a research report on Tuesday, April 8th. StockNews.com raised Wipro from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold".

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.

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