Wipro Limited Company Profile (NYSE:WIT)

About Wipro Limited (NYSE:WIT)

Wipro Limited logoWipro Limited (Wipro) is a global information technology (IT) services provider. It operates through two segments: IT Services and IT Products. The Company's IT Services business provides a range of IT and IT-enabled services, which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development and hardware and software design. The IT Products segment provides a range of third-party IT products, which allows it to offer IT system integration services. Its products include computing, Platforms and Storage, Networking Solutions, Enterprise Information Security, and software products, including databases and operating systems. The Company is a reseller of third-party enterprise products through its direct sales force.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: IT Services & Consulting - NEC
  • Sub-Industry: N/A
  • Symbol: NYSE:WIT
  • CUSIP: N/A
  • Web: www.wipro.com
Capitalization:
  • Market Cap: $29.65 billion
  • Outstanding Shares: 4,845,115,000
Average Prices:
  • 50 Day Moving Avg: $5.27
  • 200 Day Moving Avg: $5.04
  • 52 Week Range: $4.50 - $6.15
P/E:
  • Trailing P/E Ratio: 22.01
  • Foreward P/E Ratio: 19.74
  • P/E Growth: 2.80
Sales & Book Value:
  • Annual Revenue: $8.57 billion
  • Price / Sales: 3.46
  • Book Value: $1.74 per share
  • Price / Book: 3.52
Dividend:
  • Annual Dividend: $0.03
  • Dividend Yield: 0.4%
Profitability:
  • EBIDTA: $1.7 billion
  • Net Margins: 15.46%
  • Return on Equity: 16.96%
  • Return on Assets: 11.03%
Debt:
  • Debt-to-Equity Ratio: 0.04%
  • Current Ratio: 2.35%
  • Quick Ratio: 2.33%
Misc:
  • Average Volume: 1.62 million shs.
  • Beta: 0.83
  • Short Ratio: 16.91
 
Frequently Asked Questions for Wipro Limited (NYSE:WIT)

What is Wipro Limited's stock symbol?

Wipro Limited trades on the New York Stock Exchange (NYSE) under the ticker symbol "WIT."

How often does Wipro Limited pay dividends? What is the dividend yield for Wipro Limited?

Wipro Limited announced a dividend on Wednesday, January 25th. Stockholders of record on Friday, February 3rd will be given a dividend of $0.0145 per share on Friday, February 3rd. The ex-dividend date is Wednesday, February 1st. View Wipro Limited's Dividend History.

When did Wipro Limited's stock split? How did Wipro Limited's stock split work?

Shares of Wipro Limited split on Friday, June 9th 2017. The 2-1 split was announced on Monday, June 12th 2017. The newly minted shares were payable to shareholders after the closing bell on Tuesday, April 25th 2017. An investor that had 100 shares of Wipro Limited stock prior to the split would have 200 shares after the split.

How will Wipro Limited's stock buyback program work?

Wipro Limited announced that its Board of Directors has authorized a share repurchase plan on Friday, July 21st 2017, which permits the company to repurchase $1,700,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 6.1% of its shares through a tender offer. Shares repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

How were Wipro Limited's earnings last quarter?

Wipro Limited (NYSE:WIT) released its quarterly earnings data on Thursday, July, 20th. The company reported $0.07 EPS for the quarter, topping the Zacks' consensus estimate of $0.06 by $0.01. The business earned $2.11 billion during the quarter, compared to analyst estimates of $2.05 billion. Wipro Limited had a return on equity of 16.96% and a net margin of 15.46%. View Wipro Limited's Earnings History.

Where is Wipro Limited's stock going? Where will Wipro Limited's stock price be in 2017?

5 brokers have issued 1 year price objectives for Wipro Limited's shares. Their predictions range from $4.25 to $277.00. On average, they expect Wipro Limited's stock price to reach $140.63 in the next twelve months. View Analyst Ratings for Wipro Limited.

Are investors shorting Wipro Limited?

Wipro Limited saw a drop in short interest in July. As of July 14th, there was short interest totalling 33,070,423 shares, a drop of 7.3% from the June 30th total of 35,685,129 shares. Based on an average daily trading volume, of 1,060,878 shares, the days-to-cover ratio is currently 31.2 days.

Who are some of Wipro Limited's key competitors?

Who are Wipro Limited's key executives?

Wipro Limited's management team includes the folowing people:

  • Azim H. Premji, Chairman of the Board, Managing Director
  • Abidali Z. Neemuchwala, Chief Executive Officer, Executive Director
  • Jatin Pravinchandra Dalal, Chief Financial Officer
  • M. Sanaulla Khan, Compliance Officer, Company Secretary
  • Rishad Azim Premji, Whole-time Director
  • Narayanan Vaghul, Non-Executive Lead Independent Director
  • Patrick Lucien Andre Dupuis, Director
  • Ashok Sekhar Ganguly, Non-Executive Independent Director
  • William Arthur Owens, Non-Executive Independent Director
  • Mahendra Kumar Sharma, Non-Executive Independent Director

Who owns Wipro Limited stock?

Wipro Limited's stock is owned by many different of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (0.08%), Aperio Group LLC (0.06%), Bank of Montreal Can (0.03%), Hexavest Inc. (0.03%), Acadian Asset Management LLC (0.01%) and Eqis Capital Management Inc. (0.00%). View Institutional Ownership Trends for Wipro Limited.

Who sold Wipro Limited stock? Who is selling Wipro Limited stock?

Wipro Limited's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd.. View Insider Buying and Selling for Wipro Limited.

Who bought Wipro Limited stock? Who is buying Wipro Limited stock?

Wipro Limited's stock was acquired by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Aperio Group LLC, Bank of Montreal Can, Hexavest Inc., Acadian Asset Management LLC, Eqis Capital Management Inc., Capstone Asset Management Co. and Greenleaf Trust. View Insider Buying and Selling for Wipro Limited.

How do I buy Wipro Limited stock?

Shares of Wipro Limited can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Wipro Limited's stock price today?

One share of Wipro Limited stock can currently be purchased for approximately $6.12.


MarketBeat Community Rating for Wipro Limited (NYSE WIT)
Community Ranking:  1.2 out of 5 ()
Outperform Votes:  64 (Vote Outperform)
Underperform Votes:  196 (Vote Underperform)
Total Votes:  260
MarketBeat's community ratings are surveys of what our community members think about Wipro Limited and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Wipro Limited (NYSE:WIT) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Sell Ratings, 1 Hold Rating
Consensus Rating:Sell (Score: 1.20)
Consensus Price Target: $140.63 (2,197.79% upside)

Analysts' Ratings History for Wipro Limited (NYSE:WIT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/21/2017Bank of America CorporationBoost Price TargetNeutral$250.00 -> $277.00LowView Rating Details
6/6/2017Jefferies Group LLCDowngradeHold -> UnderperformMediumView Rating Details
10/24/2016NomuraDowngradeNeutral -> ReduceN/AView Rating Details
9/8/2016WedbushInitiated CoverageUnderperform$4.25N/AView Rating Details
8/9/2016HSBC Holdings plcDowngradeHold -> ReduceN/AView Rating Details
4/21/2016Citigroup Inc.DowngradeNeutral -> SellN/AView Rating Details
4/20/2016Credit Suisse GroupDowngradeOutperform -> NeutralN/AView Rating Details
2/11/2016Morgan StanleyDowngradeOverweight -> Equal WeightN/AView Rating Details
12/17/2015Sterne Agee CRTInitiated CoverageUnderperform$5.50N/AView Rating Details
(Data available from 7/25/2015 forward)

Earnings

Earnings History for Wipro Limited (NYSE:WIT)
Earnings by Quarter for Wipro Limited (NYSE:WIT)
Earnings History by Quarter for Wipro Limited (NYSE WIT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/20/20176/30/2017$0.06$0.07$2.05 billion$2.11 billionViewN/AView Earnings Details
4/25/20173/31/2017$0.07$0.07$2.06 billion$2.16 billionViewN/AView Earnings Details
1/25/2017Q317$0.07$0.07$2.03 billion$136.88 billionViewN/AView Earnings Details
10/21/2016Q217$0.07$0.07$2.03 billion$137.66 billionViewListenView Earnings Details
7/19/2016Q117$0.07$0.06$2.02 billion$2.00 billionViewListenView Earnings Details
4/20/2016Q416$0.08$0.07$2.00 billion$2.10 billionViewListenView Earnings Details
1/18/2016Q316$0.08$0.07$1.99 billion$1.94 billionViewListenView Earnings Details
10/21/2015Q216$0.07$0.07$1.98 billion$1.91 billionViewListenView Earnings Details
7/23/2015Q116$0.07$0.07$1.84 billion$122.38 billionViewListenView Earnings Details
4/21/2015Q4$0.08$0.08$121.27 billion$121.42 billionViewN/AView Earnings Details
1/16/2015Q315$0.07$4.44$1.98 billion$119.93 billionViewN/AView Earnings Details
10/22/2014Q215$0.07$0.07$1.93 billion$1.89 billionViewListenView Earnings Details
7/24/2014Q115$0.07$4.27$1.87 billion$111.36 billionViewN/AView Earnings Details
4/17/2014Q414$0.07$4.52$1.90 billion$116.54 billionViewN/AView Earnings Details
1/17/2014Q314$0.06$4.09$1.83 billion$112.71 billionViewN/AView Earnings Details
10/22/2013Q214$0.06$3.93$1.78 billion$107.73 billionViewN/AView Earnings Details
7/26/2013$3.25$3.30$101.67 million$97.29 millionViewN/AView Earnings Details
11/2/2012Q312$0.06$0.06$1.91 billion$2.01 billionViewN/AView Earnings Details
10/31/2011$2.71$2.64ViewN/AView Earnings Details
4/26/2011$0.06$0.07ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Wipro Limited (NYSE:WIT)
2017 EPS Consensus Estimate: $0.26
2018 EPS Consensus Estimate: $0.36
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q3 20171$0.13$0.13$0.13
Q4 20171$0.13$0.13$0.13
Q1 20181$0.12$0.12$0.12
Q2 20181$0.06$0.06$0.06
Q3 20181$0.12$0.12$0.12
Q4 20181$0.06$0.06$0.06
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Wipro Limited (NYSE:WIT)
Most Recent Dividend:2/3/2017
Annual Dividend:$0.03
Dividend Yield:0.49%
Dividend Growth:-9.60% (3 Year Average)
Payout Ratio:11.11% (Trailing 12 Months of Earnings)
11.11% (Based on This Year's Estimates)
9.68% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Wipro Limited (NYSE:WIT)

Dividend History by Quarter for Wipro Limited (NYSE WIT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/25/2017$0.012/1/20172/3/20172/3/2017
6/7/2016$0.017/7/20167/11/20167/11/2016
1/20/2016$0.041/25/20161/27/20161/27/2016
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Wipro Limited (NYSE:WIT)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Wipro Limited (NYSE:WIT)
Latest Headlines for Wipro Limited (NYSE:WIT)
Source:
DateHeadline
americanbankingnews.com logoWipro Limited (NYSE:WIT) Upgraded at Zacks Investment Research
www.americanbankingnews.com - July 25 at 11:34 AM
businesswire.com logoWipro and Hewlett Packard Enterprise Partner to Offer Consumption-Based IT Infrastructure Solutions - Business Wire (press release)
www.businesswire.com - July 25 at 8:30 AM
finance.yahoo.com logoWipro and Hewlett Packard Enterprise Partner to Offer Consumption-Based IT Infrastructure Solutions
finance.yahoo.com - July 25 at 8:30 AM
finance.yahoo.com logoCompuware and Wipro Jointly Launch a Mainframe Center of Excellence
finance.yahoo.com - July 25 at 8:30 AM
americanbankingnews.com logoResearch Analysts Issue Forecasts for Wipro Limited's FY2020 Earnings (NYSE:WIT)
www.americanbankingnews.com - July 24 at 11:30 AM
americanbankingnews.com logoTraders Purchase High Volume of Wipro Limited Put Options (NYSE:WIT)
www.americanbankingnews.com - July 24 at 10:18 AM
americanbankingnews.com logoWipro Limited (WIT) PT Raised to $277.00 at Bank of America Corporation
www.americanbankingnews.com - July 21 at 8:38 PM
americanbankingnews.com logoWipro Limited (NYSE:WIT) Announces Share Repurchase Plan
www.americanbankingnews.com - July 21 at 11:04 AM
americanbankingnews.com logoWipro Limited (WIT) Announces Earnings Results
www.americanbankingnews.com - July 21 at 9:58 AM
finance.yahoo.com logoInvestor Network: Wipro Limited Sponsored ADR to Host Earnings Call
finance.yahoo.com - July 21 at 8:46 AM
finance.yahoo.com logoWipro Limited Announces Results for the Quarter Ended June 30, 2017 under IFRS
finance.yahoo.com - July 21 at 8:45 AM
americanbankingnews.com logoWipro Limited (NYSE:WIT) Short Interest Up 133.5% in June
www.americanbankingnews.com - July 17 at 7:14 AM
finance.yahoo.com logoETFs with exposure to Wipro Ltd. : July 13, 2017
finance.yahoo.com - July 14 at 9:59 AM
finance.yahoo.com logoWipro Limited to Announce Results for the First Quarter Ended June 30, 2017 on July 20, 2017
finance.yahoo.com - July 11 at 9:36 AM
americanbankingnews.com logoWipro Limited (WIT) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - July 10 at 8:22 AM
americanbankingnews.com logoEquities Analysts Issue Forecasts for Wipro Limited's Q2 2018 Earnings (NYSE:WIT)
www.americanbankingnews.com - July 10 at 8:06 AM
businesswire.com logoWipro and Ramot at Tel Aviv University Partner for Joint Research in Emerging Technologies - Business Wire (press release)
www.businesswire.com - July 7 at 4:08 AM
americanbankingnews.com logoBidaskClub Upgrades Wipro Limited (NYSE:WIT) to "Buy"
www.americanbankingnews.com - July 5 at 3:18 PM
finance.yahoo.com logoWipro and Ramot at Tel Aviv University Partner for Joint Research in Emerging Technologies
finance.yahoo.com - July 5 at 11:35 AM
finance.yahoo.com logoETFs with exposure to Wipro Ltd. : July 3, 2017
finance.yahoo.com - July 4 at 8:49 AM
americanbankingnews.com logoWipro Limited (WIT) Upgraded by Zacks Investment Research to Hold
www.americanbankingnews.com - July 2 at 12:38 PM
americanbankingnews.com logoZacks: Analysts Anticipate Wipro Limited (WIT) Will Announce Quarterly Sales of $2.03 Billion
www.americanbankingnews.com - July 2 at 9:54 AM
finance.yahoo.com logoWipro Ltd. :WIT-US: Earnings Analysis: Q4, 2017 By the Numbers : June 30, 2017
finance.yahoo.com - July 1 at 9:06 AM
americanbankingnews.com logoWipro Limited (WIT) Expected to Announce Earnings of $0.06 Per Share
www.americanbankingnews.com - June 30 at 9:10 AM
fortune.com logoIndian IT Giant Wipro Touts New US Jobs - Fortune
fortune.com - June 29 at 8:03 AM
businesswire.com logoLocals Now Form over 50% of Wipro's Workforce in the U.S. ... - Business Wire (press release)
www.businesswire.com - June 29 at 8:03 AM
americanbankingnews.com logoWipro Limited (WIT) Upgraded at BidaskClub
www.americanbankingnews.com - June 26 at 3:22 PM
finance.yahoo.com logoWipro, First Book Bring New Books to Indianapolis Area Kids in Need
finance.yahoo.com - June 22 at 2:44 PM
finance.yahoo.com logoWipro Collaborates with Red Hat for Cloud Application Factory powered by Red Hat OpenShift Container Platform
finance.yahoo.com - June 22 at 2:44 PM
americanbankingnews.com logoWipro Limited (WIT) Lowered to "Sell" at BidaskClub
www.americanbankingnews.com - June 20 at 3:32 PM
businesswire.com logoWipro Launches 'State of Cybersecurity Report 2017' | Business Wire - Business Wire (press release)
www.businesswire.com - June 15 at 4:03 PM
finance.yahoo.com logoWipro Launches ‘State of Cybersecurity Report 2017’
finance.yahoo.com - June 15 at 4:03 PM
finance.yahoo.com logoWipro Achieves AWS Service Delivery Status for AWS Service Catalog
finance.yahoo.com - June 15 at 4:03 PM
americanbankingnews.com logoWipro Limited (WIT) Downgraded to Sell at Zacks Investment Research
www.americanbankingnews.com - June 14 at 2:18 PM
streetinsider.com logoWipro (WIT) Clarifies on Ex-date for ADR Stock Dividend
www.streetinsider.com - June 14 at 2:04 AM
finance.yahoo.com logoWhy Wipro Shares Got Wiped Out Monday
finance.yahoo.com - June 14 at 2:04 AM
finance.yahoo.com logoIndian IT Giants List H-1B Proposals as Risks
finance.yahoo.com - June 13 at 8:58 AM
americanbankingnews.com logoWipro Limited (WIT) Given Average Rating of "Sell" by Brokerages
www.americanbankingnews.com - June 13 at 8:46 AM
nasdaq.com logoWIT Crosses Below Key Moving Average Level
www.nasdaq.com - June 12 at 8:07 PM
seekingalpha.com logoWipro shares down 48% amidst growth concerns, downgrades
seekingalpha.com - June 12 at 8:07 PM
finance.yahoo.com logoWipro Clarifies on Ex-date for ADR Stock Dividend
finance.yahoo.com - June 12 at 8:07 PM
finance.yahoo.com logoIndia's Wipro says date for ADR bonus issue not decided
finance.yahoo.com - June 12 at 8:07 PM
americanbankingnews.com logoBidaskClub Lowers Wipro Limited (WIT) to Hold
www.americanbankingnews.com - June 10 at 3:38 PM
finance.yahoo.com logoAn SEC filing confirms Trump as an official threat to India’s IT industry
finance.yahoo.com - June 9 at 2:31 AM
americanbankingnews.com logoZacks: Brokerages Expect Wipro Limited (WIT) Will Post Quarterly Sales of $2.03 Billion
www.americanbankingnews.com - June 8 at 1:30 PM
businesswire.com logoWipro is a ‘Leader’ in Gartner’s Magic Quadrant North America & EMEA, 2016-17 for Oracle Applications Services
www.businesswire.com - June 7 at 1:04 AM
finance.yahoo.com logoWipro is a ‘Leader’ in Gartner’s Magic Quadrant North America & EMEA, 2016-17 for Oracle Applications Services
finance.yahoo.com - June 7 at 1:04 AM
americanbankingnews.com logoJefferies Group LLC Downgrades Wipro Limited (WIT) to Underperform
www.americanbankingnews.com - June 6 at 6:16 PM
americanbankingnews.com logoWipro Limited (WIT) Expected to Post Earnings of $0.12 Per Share
www.americanbankingnews.com - June 6 at 7:16 AM
finance.yahoo.com logoWipro Annual Report 2017 on Form 20-F Available Online for ADS Holders
finance.yahoo.com - June 3 at 2:22 AM

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Chart

Wipro Limited (WIT) Chart for Tuesday, July, 25, 2017

This page was last updated on 7/25/2017 by MarketBeat.com Staff