Wipro Limited (NYSE:WIT) Shares Purchased by LMR Partners LLP

LMR Partners LLP lifted its position in shares of Wipro Limited (NYSE:WIT - Free Report) by 40.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,258,131 shares of the information technology services provider's stock after purchasing an additional 360,279 shares during the quarter. LMR Partners LLP's holdings in Wipro were worth $4,454,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bell Investment Advisors Inc raised its stake in Wipro by 100.0% in the 4th quarter. Bell Investment Advisors Inc now owns 7,262 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 3,631 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Wipro during the fourth quarter worth $29,000. Farther Finance Advisors LLC raised its position in shares of 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. Freestone Capital Holdings LLC purchased a new position in Wipro in the 4th quarter worth approximately $36,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Wipro in the 4th quarter valued at $37,000. 2.36% of the stock is owned by hedge funds and other institutional investors.

Wipro Stock Down 1.5%

Shares of WIT traded down $0.05 during midday trading on Friday, reaching $2.96. The stock had a trading volume of 4,048,684 shares, compared to its average volume of 5,068,908. 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's fifty day simple moving average is $2.93 and its two-hundred day simple moving average is $4.05. The company has a market cap of $30.91 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 3.08 and a beta of 1.03. Wipro Limited has a 1-year low of $2.55 and a 1-year high of $3.79.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WIT. Jefferies Financial Group cut shares of Wipro from a "hold" rating to an "underperform" rating in a research report on Tuesday, April 8th. StockNews.com upgraded shares of Wipro from a "hold" rating to a "buy" rating in a report on Saturday, April 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock 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.