NYSE:WIT

Wipro (WIT) Stock Forecast, Price & News

$4.89

-0.07 (-1.41%)

(As of 09/26/2023 ET)

Compare

Today's Range: $4.88
▼
$4.94
50-Day Range: $4.81
▼
$5.29
52-Week Range: $4.32
▼
$5.31

Volume: 634,052 shs
Average Volume: 1.91 million shs
Market Capitalization: $26.80 billion

P/E Ratio: 18.81
Dividend Yield: 0.41%
Price Target: $4.30

Wipro MarketRank™ Forecast

Analyst Rating: Strong Sell
1.00 Rating Score
Upside/Downside: 12.1% Downside
$4.30 Price Target
Short Interest: Healthy
0.24% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.15
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 11.54%
From $0.26 to $0.29 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.56 out of 5 stars

Computer And Technology Sector

533rd out of 581 stocks

Custom Computer Programming Services Industry

21st out of 24 stocks

0.5

Analyst's Opinion

Consensus Rating
Wipro has received a consensus rating of Strong Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.30, Wipro has a forecasted downside of 12.1% from its current price of $4.89.
Amount of Analyst Coverage
Wipro has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.24% of the float of Wipro has been sold short.
Short Interest Ratio / Days to Cover
Wipro has a short interest ratio ("days to cover") of 7.1.
Change versus previous month
Short interest in Wipro has recently decreased by 2.22%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
Wipro has a dividend yield of 0.43%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Wipro does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Wipro is 7.69%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Wipro will have a dividend payout ratio of 6.90% next year. This indicates that Wipro will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WIT.

2.9

News and Social Media Coverage

News Sentiment
Wipro has a news sentiment score of 0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Wipro this week, compared to 2 articles on an average week.
Search Interest
2 people have searched for WIT on MarketBeat in the last 30 days.
MarketBeat Follows
3 people have added Wipro to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Wipro insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Wipro is held by insiders.
Percentage Held by Institutions
Only 2.36% of the stock of Wipro is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Wipro are expected to grow by 11.54% in the coming year, from $0.26 to $0.29 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Wipro is 18.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.15.
Price to Earnings Ratio vs. Sector
The P/E ratio of Wipro is 18.81, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 282.84.
Price to Earnings Growth Ratio
Wipro has a PEG Ratio of 2.12. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Wipro has a P/B Ratio of 2.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Wipro (NYSE:WIT) Stock

Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). 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. It serves customers in various industry sectors, such as healthcare and medical devices, consumer goods and life sciences, retail, transportation and services, communications, media and information services, technology products and platforms, banking, financial services and insurance, manufacturing, hi-tech, energy, and utilities. The IT Products segment provides a range of third-party IT products comprising enterprise platforms, networking solutions, software and data storage products, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. It serves enterprises in various industries primarily in the Indian market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The ISRE segment offers IT services to entities and departments owned or controlled by the Government of India and/or various Indian State Governments. It also provides cybersecurity consulting services. The company has a partnership with ServiceNow, Inc. to develop Wipro CyberTransform - Intelligent ServiceNow Risk and Security Solutions. The company was incorporated in 1945 and is based in Bengaluru, India.

WIT Price History

30 days | 90 days | 365 days | Advanced Chart

WIT Stock News Headlines

September 22, 2023 | finance.yahoo.com

Wipro Limited (WIT) Interactive Stock Chart - Yahoo Finance

September 21, 2023 | benzinga.com

Wipro Appoints Aparna C Iyer as Chief Financial Officer

September 26, 2023 | The Oxford Club (Ad)

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September 21, 2023 | msn.com

Wipro names Aparna Iyer as CFO

September 21, 2023 | finance.yahoo.com

India's Wipro says CFO Dalal resigns, replaced by 20-yr veteran Iyer

September 15, 2023 | finance.yahoo.com

Wipro Opens New Office in Jefferson City & Celebrates Partnership with Jobs for America’s Graduates, Missouri

September 14, 2023 | finanznachrichten.de

Wipro Limited: Wipro Partners with All-Female Sailing Crew Aiming to Break the Record for the Fastest Circumnavigation of the Globe

September 14, 2023 | finance.yahoo.com

Wipro Partners with All-Female Sailing Crew Aiming to Break the Record for the Fastest Circumnavigation of the Globe

September 26, 2023 | Legacy Research (Ad)

Watch SHOCKING Footage of AI Facility with Ties to Elon Musk

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September 5, 2023 | technews.tmcnet.com

Wipro Named a Leader in 2023 Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services

September 5, 2023 | stockhouse.com

Wipro Named a Leader in 2023 Gartner® Magic Quadrant(TM) for Public Cloud IT Transformation Services

September 5, 2023 | benzinga.com

$1000 Invested In Wipro 20 Years Ago Would Be Worth This Much Today

August 24, 2023 | seekingalpha.com

Wipro: Growth In The AI Digital Age

August 14, 2023 | benzinga.com

$1000 Invested In This Stock 20 Years Ago Would Be Worth $7,100 Today

August 10, 2023 | finance.yahoo.com

Verizon Moves to Strengthen Business Group With India’s HCLTech Partnership

August 1, 2023 | finance.yahoo.com

Wipro Recognized as ‘Leader’ in the ISG Provider Lens™ Cybersecurity — Solutions and Services report for Singapore & Malaysia

July 27, 2023 | finance.yahoo.com

Wipro Recognized as ‘Leader’ in ISG Provider Lens™ Network - Software Defined Solutions and Services Report for Singapore and Malaysia

July 16, 2023 | finance.yahoo.com

Wipro Limited (NYSE:WIT) Q1 2024 Earnings Call Transcript

July 14, 2023 | msn.com

Indian tech giant Wipro will invest $1 billion in AI, including training all staff

July 13, 2023 | msn.com

Wipro Manages To Surpass Q1 Revenue Expectations, Driven By IT Services Growth

July 13, 2023 | finance.yahoo.com

Indian IT Giant Spending $1 Billion to Train Entire Staff in AI

July 12, 2023 | benzinga.com

Wipro Launches AI-First Innovation Ecosystem, Plans $1B Investment

July 12, 2023 | msn.com

India's Wipro plans $1B investment in AI

July 12, 2023 | msn.com

Wipro to Advance Artificial Intelligence Operations Through $1 Billion Investment

July 12, 2023 | finance.yahoo.com

Wipro Launches Wipro ai360, Commits to Investing $1 Billion in AI Over the Next Three Years

July 6, 2023 | finance.yahoo.com

WIT - Wipro Limited

June 28, 2023 | seekingalpha.com

Wipro Faces Soft Client Discretionary Spending Amid Macro Uncertainties

See More Headlines

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WIT Company Calendar

Last Earnings: 7/13/2023
Today: 9/26/2023
Next Earnings (Estimated): 10/11/2023
Fiscal Year End: 3/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Custom computer programming services
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:WIT
CUSIP: N/A
CIK: 1123799
Web: www.wipro.com
Phone: 918046827999
Fax: 91-80-2844-0054
Employees: 256,921
Year Founded: 1945

Price Target and Rating

Average Stock Price Forecast: $4.30
High Stock Price Forecast: $4.70
Low Stock Price Forecast: $3.90
Forecasted Upside/Downside: -12.4%
Consensus Rating: Strong Sell
Rating Score (0-4): 1.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.26
Trailing P/E Ratio: 18.89
Forward P/E Ratio: 18.88
P/E Growth: 2.12
Net Income: $1.38 billion
Net Margins: 12.70%
Pretax Margin: 16.40%
Return on Equity: 15.94%
Return on Assets: 9.95%

Debt

Debt-to-Equity Ratio: 0.09
Current Ratio: 1.72
Quick Ratio: 1.71

Sales & Book Value

Annual Sales: $11.01 billion
Price / Sales: 2.44
Cash Flow: $0.32 per share
Price / Cash Flow: 15.39
Book Value: $1.74 per share
Price / Book: 2.82

Miscellaneous

Outstanding Shares: 5,480,230,000
Free Float: 5,425,432,000
Market Cap: $26.91 billion
Optionable: Optionable
Beta: 0.81

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Key Executives

Mr. Rishad Azim Hasham Premji Jr. (Age 46)
Exec. Chairman
Comp: $951.35k

Mr. Thierry Delaporte (Age 56)
MD, CEO, Director & Member of Exec. Board
Comp: $10.03M

Mr. Jatin Pravinchandra Dalal (Age 48)
Pres, CFO & Exec. Board Member
Comp: $1.08M

Mr. Srinivas Pallia (Age 56)
CEO of Americas 1 & Exec. Board Member

Mr. Saurabh Govil (Age 55)
Chief HR Officer & Exec. Board Member

Mr. Nagendra P. Bandaru
Global Managing Partner of iCORE Bus. Line & Exec. Board Member

Mr. Pierre Bruno
Member of Exec. Board & CEO of Europe

Ms. Stephanie Trautman
Chief Growth Officer & Exec. Board Member

Ms. Suzanne Dann
CEO of Americas 21 Strategic Market Unit & Exec. Board Member

Mr. Anis Chenchah
Member of Exec. Board & CEO of APMEA

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

WIT Stock - Frequently Asked Questions

Should I buy or sell Wipro stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last year. There are currently 4 sell ratings for the stock. The consensus among Wall Street analysts is that investors should "strong sell" WIT shares.
View WIT analyst ratings or view top-rated stocks.
What is Wipro's stock price forecast for 2023?: 4 brokerages have issued 1 year price targets for Wipro's stock. Their WIT share price forecasts range from $3.90 to $4.70. On average, they anticipate the company's stock price to reach $4.30 in the next twelve months. This suggests that the stock has a possible downside of 12.4%.
View analysts price targets for WIT or view top-rated stocks among Wall Street analysts.
How have WIT shares performed in 2023?: Wipro's stock was trading at $4.66 at the beginning of 2023. Since then, WIT stock has increased by 5.4% and is now trading at $4.91.
View the best growth stocks for 2023 here.
When is Wipro's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 11th 2023.
View our WIT earnings forecast.
How were Wipro's earnings last quarter?: Wipro Limited (NYSE:WIT) released its quarterly earnings data on Thursday, July, 13th. The information technology services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by $0.01. The information technology services provider had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.79 billion. Wipro had a net margin of 12.70% and a trailing twelve-month return on equity of 15.94%.
What ETFs hold Wipro's stock?: ETFs with the largest weight of Wipro (NYSE:WIT) stock in their portfolio include YieldMax Innovation Option Income Strategy ETF (OARK), YieldMax AAPL Option Income Strategy ETF (APLY), VanEck Digital India ETF (DGIN), ALPS Emerging Sector Dividend Dogs ETF (EDOG), First Trust BICK Index Fund (BICK), Dimensional Global Sustainability Fixed Income ETF (DFSB), Defiance Quantum ETF (QTUM) and First Trust Indxx NextG ETF (NXTG).
Is Wipro a good dividend stock?: Wipro (NYSE:WIT) pays an annual dividend of $0.02 per share and currently has a dividend yield of 0.43%. The dividend payout ratio is 7.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIT will have a dividend payout ratio of 6.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WIT.
When did Wipro's stock split?: Wipro shares split on Friday, June 9th 2017. The 2-1 split was announced on Monday, June 12th 2017. The newly issued shares were issued to shareholders after the market closes on Tuesday, April 25th 2017. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Thierry Delaporte's approval rating as Wipro's CEO?: 60 employees have rated Wipro Chief Executive Officer Thierry Delaporte on Glassdoor.com. Thierry Delaporte has an approval rating of 86% among the company's employees.
What other stocks do shareholders of Wipro own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Wipro investors own include Infosys (INFY), Cisco Systems (CSCO), RTX (RTX), Abbott Laboratories (ABT), Ford Motor (F), Walt Disney (DIS), Intel (INTC), Tata Motors (TTM), Alibaba Group (BABA) and General Electric (GE).
What is Wipro's stock symbol?: Wipro trades on the New York Stock Exchange (NYSE) under the ticker symbol "WIT."
Who are Wipro's major shareholders?: Wipro's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (0.53%), Goldman Sachs Group Inc. (0.22%), State Street Corp (0.19%), JPMorgan Chase & Co. (0.11%), Acadian Asset Management LLC (0.08%) and Nordea Investment Management AB (0.07%).
How do I buy shares of Wipro?: Shares of WIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Wipro's stock price today?: One share of WIT stock can currently be purchased for approximately $4.91.
How much money does Wipro make?: Wipro (NYSE:WIT) has a market capitalization of $26.91 billion and generates $11.01 billion in revenue each year. The information technology services provider earns $1.38 billion in net income (profit) each year or $0.26 on an earnings per share basis.
How many employees does Wipro have?: The company employs 256,921 workers across the globe.
Does Wipro have any subsidiaries?: The following companies are subsidiares of Wipro: 4C, ATCO I-Tek Inc., ATOM Solutions LLC, Ampion Holdings Pty Ltd, Appirio Inc., CAPCO (US) LLC, CapAfric Consulting (Pty) Ltd, Capco, Capco (Canada) GP ULC, Capco (UK) 1 Limited, Capco (US) GP LLC, Capco Austria GmbH, Capco Belgium BV, Capco Brasil Serviços E Consultoria Em Informática Ltda, Capco Consultancy (Malaysia) Sdn. Bhd, Capco Consultancy (Thailand) Ltd, Capco Consulting Services (Guangzhou) Company Limited, Capco Consulting Services LLC, Capco Consulting Singapore Pte. Ltd, Capco Greece Single Member P.C, Capco Poland sp. z.o.o, Capco RISC Consulting LLC, Cardinal Foreign Holdings 2 S.á.r.l, Cardinal Foreign Holdings S.á.r.l, Cardinal US Holdings Inc., Cellent GmbH, Citi Technology Services, CloudSocius DMCC, Convergence Acceleration Solutions LLC, Designit, Designit A/S, Designit Denmark A/S, Designit Germany GmbH, Designit North America Inc., Designit Oslo A/S, Designit Spain Digital S.L.U, Designit Sweden AB, Designit T.L.V Ltd., Designit Tokyo Ltd., Edgile LLC, Encore Theme Technologies, Encore Theme Technologies Private Limited, Eximius Design, Felelősségű Társaság, Global Oil and Gas Information Technology Services Business, Grove Holdings 2 S.á.r.l, HealthPlan Services, HealthPlan Services Inc., HealthPlan Services Insurance Agency LLC, ITI Proficiency Ltd, IVIA, InfoServer, Infocrossing LLC, International TechneGroup, International TechneGroup Incorporated, International TechneGroup Ltd., Korlátolt Felelősségű Társaság, LeanSwift AB, LeanSwift Solutions Inc., LeanSwift Solutions Inc., LeanSwift Solutions LLC, METRO SYSTEMS Romania, MechWorks s.r.l., Metronom, NEOS Holdings LLC, NEOS LLC, NEOS Software LLC, Opus Capital Markets Consultants, PT. WT Indonesia, Promax Application Group, Rainbow Software LLC, Rizing Intermediate Holdings Inc, The Capital Markets Company (UK) Ltd, The Capital Markets Company LLC, The Capital Markets Company Limited, The Capital Markets Company S.á.r.l, The Capital Markets Company s.r.o, Topcoder LLC., Viteos Group, Wipro (Dalian) Limited, Wipro (Thailand) Co. Limited, Wipro 4C Consulting France SAS, Wipro 4C Danmark ApS, Wipro 4C NV, Wipro 4C Nederland B.V., Wipro Appirio (Ireland) Limited, Wipro Appirio Inc., Wipro Appirio K.K, Wipro Appirio UK Limited, Wipro Arabia Co. Limited, Wipro Bahrain Limited Co. W.L.L, Wipro Business Solutions GmbH, Wipro Chengdu Limited, Wipro Designit Services Inc., Wipro Designit Services Limited, Wipro Do Brasil Sistemetas De Informatica Ltd, Wipro Doha LLC, Wipro Europe Limited, Wipro Financial Services UK Limited, Wipro Gallagher Solutions LLC, Wipro Gulf LLC, Wipro HR Services India Private Limited, Wipro Holdings (UK) Limited, Wipro Holdings Hungary Korlátolt, Wipro Holdings Investment, Wipro IT Service Ukraine LLC, Wipro IT Services Austria GmbH, Wipro IT Services Bangladesh Limited, Wipro IT Services LLC, Wipro IT Services Poland SP Z.O.O, Wipro IT Services S.R.L., Wipro IT Services UK Societas, Wipro Information Technology Egypt SAE, Wipro Information Technology Kazakhstan LLP, Wipro Information Technology Netherlands BV., Wipro Insurance Solutions LLC, Wipro Italia S.R.L, Wipro Japan KK, Wipro LLC, Wipro Networks Pte Limited, Wipro Opus Risk Solutions LLC, Wipro Outsourcing Services (Ireland) Limited, Wipro Overseas IT Services Private Limited, Wipro Philippines Inc., Wipro Poland SP Z.O.O, Wipro Portugal S.A., Wipro Shanghai Limited, Wipro Solutions Canada Limited, Wipro Technologies Australia Pty Ltd, Wipro Technologies GmbH, Wipro Technologies Limited, Wipro Technologies Nigeria Limited, Wipro Technologies Peru SAC, Wipro Technologies SA, Wipro Technologies SA DE CV, Wipro Technologies SDN BHD, Wipro Technologies SRL, Wipro Technologies South Africa (Proprietary) Limited, Wipro Technologies W.T. Sociedad Anonima, Wipro Technology Chile SPA, Wipro Technology Solutions S.R.L, Wipro Trademarks Holding Limited, Wipro Travel Services Limited, Wipro UK Limited, Wipro US Foundation, Wipro VLSI Design Services India Private Limited, Wipro VLSI Design Services LLC, Wipro Weare4C UK Limited, Wipro do Brasil Servicos Ltda, Wipro do Brasil Technologia Ltda, and Women's Business Park Technologies Limited.
Read More
How can I contact Wipro?: Wipro's mailing address is DODDAKANAHALLI VILLAG VARTHUR HOBLI SARJAPUR RD, BANGALORE K7, 560035. The official website for the company is www.wipro.com. The information technology services provider can be reached via phone at 918046827999, via email at investor.relations@wipro.com, or via fax at 91-80-2844-0054.

This page (NYSE:WIT) was last updated on 9/26/2023 by MarketBeat.com Staff

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