Wipro Limited (NYSE:WIT) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its position in Wipro Limited (NYSE:WIT - Free Report) by 159.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 593,904 shares of the information technology services provider's stock after acquiring an additional 364,900 shares during the period. Cerity Partners LLC's holdings in Wipro were worth $2,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WIT. Ridgewood Investments LLC boosted its position in Wipro by 100.0% in the fourth quarter. Ridgewood Investments LLC now owns 7,114 shares of the information technology services provider's stock valued at $25,000 after buying an additional 3,557 shares during the last quarter. Bell Investment Advisors Inc increased its stake in shares of Wipro by 100.0% in the fourth quarter. Bell Investment Advisors Inc now owns 7,262 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 3,631 shares during the period. Sierra Ocean LLC acquired a new position in Wipro during the fourth quarter valued at $29,000. Farther Finance Advisors LLC boosted its holdings in 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 purchasing an additional 4,851 shares during the last quarter. Finally, Freestone Capital Holdings LLC purchased a new position in shares of Wipro during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 2.36% of the company's stock.

Wipro Price Performance

NYSE WIT traded up $0.03 on Monday, hitting $2.73. The company had a trading volume of 9,034,756 shares, compared to its average volume of 5,042,627. 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 market capitalization of $28.55 billion, a PE ratio of 18.83, a PEG ratio of 3.08 and a beta of 0.96. Wipro Limited has a 12-month low of $2.55 and a 12-month high of $3.79. The company's fifty day moving average price is $3.12 and its 200-day moving average price is $4.47.

Wipro (NYSE:WIT - Get Free Report) last released its quarterly 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 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. As a group, analysts predict that Wipro Limited will post 0.14 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on WIT. Jefferies Financial Group lowered Wipro from a "hold" rating to an "underperform" rating in a report on Tuesday, April 8th. StockNews.com cut shares of Wipro from a "buy" rating to a "hold" rating in a research note on Friday. Finally, UBS Group raised shares of Wipro from a "sell" rating to a "neutral" rating in a report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

Wipro 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.