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NVDA   817.60 (+3.35%)
NIO   5.83 (+1.39%)
AMD   200.73 (+4.26%)
BABA   74.84 (+1.09%)
T   16.98 (+0.30%)
F   12.44 (+0.00%)
MU   95.91 (+5.85%)
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GE   159.10 (+1.41%)
DIS   112.05 (+0.42%)
AMC   4.40 (+1.85%)
PFE   26.56 (+0.00%)
PYPL   60.62 (+0.46%)
XOM   105.80 (+1.22%)
NYSE:WIT

Wipro (WIT) Stock Price, News & Analysis

$6.22
+0.03 (+0.48%)
(As of 01:33 PM ET)
Today's Range
$6.18
$6.23
50-Day Range
$5.36
$6.43
52-Week Range
$4.32
$6.45
Volume
493,761 shs
Average Volume
2.60 million shs
Market Capitalization
$32.45 billion
P/E Ratio
24.88
Dividend Yield
0.16%
Price Target
$4.82

Wipro MarketRank™ Stock Analysis

Analyst Rating
Strong Sell
1.00 Rating Score
Upside/​Downside
22.1% Downside
$4.82 Price Target
Short Interest
Healthy
0.26% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.61mentions of Wipro in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.00%
From $0.25 to $0.28 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.06 out of 5 stars

Computer And Technology Sector

526th out of 600 stocks

Custom Computer Programming Services Industry

22nd out of 24 stocks


WIT stock logo

About Wipro Stock (NYSE:WIT)

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 Stock Price History

WIT Stock News Headlines

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Bernstein Keeps Their Sell Rating on Wipro (WIT)
Wipro Stock (NYSE:WIT), Short Interest Report
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Wipro: Potential Upside Ahead
Wipro Limited (NYSE:WIT) Q3 2024 Earnings Call Transcript
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Wipro: On The Recovery Path
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See More Headlines
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Company Calendar

Last Earnings
1/12/2024
Today
3/01/2024
Fiscal Year End
3/31/2024
Next Earnings (Estimated)
4/25/2024

Industry, Sector and Symbol

Industry
Custom computer programming services
Sub-Industry
N/A
Employees
256,921
Year Founded
1945

Price Target and Rating

Average Stock Price Target
$4.82
High Stock Price Target
$6.00
Low Stock Price Target
$3.90
Potential Upside/Downside
-22.1%
Consensus Rating
Strong Sell
Rating Score (0-4)
1.00
Research Coverage
5 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
16.50%

Debt

Sales & Book Value

Annual Sales
$11.01 billion
Cash Flow
$0.33 per share
Book Value
$1.74 per share

Miscellaneous

Outstanding Shares
5,217,650,000
Free Float
5,165,478,000
Market Cap
$32.30 billion
Optionable
Optionable
Beta
0.86

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Key Executives

  • Mr. Rishad Azim Hasham Premji Jr. (Age 47)
    Executive Chairman
    Comp: $951.35k
  • Mr. Thierry Delaporte (Age 57)
    MD, CEO, Director & Member of Executive Board
    Comp: $10.03M
  • Ms. Aparna C. Iyer (Age 43)
    CFO, Corporate Treasurer & Investor Relations
  • Mr. Srinivas Pallia (Age 57)
    CEO of Americas 1 & Executive Board Member
  • Mr. Saurabh Govil (Age 56)
    Chief Human Resources Officer & Executive Board Member
  • Mr. Nagendra P. Bandaru
    Managing Partner of Wipro Enterprise Futuring & Executive Board Member
  • Mr. Pierre Bruno
    Member of Executive Board & CEO of Europe
  • Ms. Suzanne Dann
    CEO of Americas 2 & Executive Board Member
  • Mr. Anis Chenchah
    Member of Executive Board & CEO of APMEA
  • Mr. Amit Choudhary
    COO & Member of Executive Board

Should I Buy Wipro Stock? WIT Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Wipro was last updated on Thursday, February 29, 2024 at 12:45 AM.

Pros

Here are some ways that investors could benefit from investing in Wipro Limited:

  • Wipro stock has shown a consistent upward trend, with a 52-week high of $6.39, indicating potential for capital appreciation.
  • Wipro Limited operates in the information technology sector, which has been experiencing rapid growth due to digital transformation demands across industries.
  • Wipro's diverse service offerings, including IT services, IT products, and cybersecurity consulting, provide a broad revenue stream and reduce dependency on a single segment.
  • Partnerships like the one with ServiceNow, Inc. to develop cybersecurity solutions showcase Wipro's commitment to innovation and staying competitive in the market.
  • Analysts predict positive growth for Wipro Limited, with an estimated earnings per share of $0.25 for the current fiscal year, indicating potential profitability for investors.

Cons

Investors should be bearish about investing in Wipro Limited for these reasons:

  • Wipro's recent quarterly earnings report showed a slight miss on earnings per share, which may raise concerns about the company's ability to meet analyst expectations consistently.
  • The PE ratio of 23.94 and P/E/G ratio of 2.55 suggest that Wipro Limited's stock may be slightly overvalued compared to industry peers, potentially limiting short-term gains.
  • While Wipro has a diverse client base, a significant portion of its revenue comes from government and state-run enterprises, which could be subject to regulatory risks and delays in payments.
  • The beta of 0.86 indicates that Wipro's stock price is less volatile compared to the market, potentially limiting opportunities for quick gains for more risk-tolerant investors.
  • Wipro's debt-to-equity ratio of 0.09 may raise concerns about the company's leverage and ability to manage debt obligations, impacting long-term financial stability.














WIT Stock Analysis - Frequently Asked Questions

Should I buy or sell Wipro stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last year. There are currently 5 sell ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "strong sell" WIT shares.
View WIT analyst ratings
or view top-rated stocks.

What is Wipro's stock price target for 2024?

5 analysts have issued 12 month target prices for Wipro's shares. Their WIT share price targets range from $3.90 to $6.00. On average, they predict the company's stock price to reach $4.82 in the next twelve months. This suggests that the stock has a possible downside of 22.1%.
View analysts price targets for WIT
or view top-rated stocks among Wall Street analysts.

How have WIT shares performed in 2024?

Wipro's stock was trading at $5.57 at the start of the year. Since then, WIT stock has increased by 11.1% and is now trading at $6.19.
View the best growth stocks for 2024 here
.

Are investors shorting Wipro?

Wipro saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 14,100,000 shares, an increase of 13.5% from the January 15th total of 12,420,000 shares. Based on an average trading volume of 2,190,000 shares, the days-to-cover ratio is currently 6.4 days. Approximately 0.3% of the company's shares are sold short.
View Wipro's Short Interest
.

When is Wipro's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our WIT earnings forecast
.

How were Wipro's earnings last quarter?

Wipro Limited (NYSE:WIT) posted its earnings results on Friday, January, 12th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by $0.01. The information technology services provider earned $2.67 billion during the quarter, compared to analyst estimates of $2.76 billion. Wipro had a trailing twelve-month return on equity of 15.68% and a net margin of 12.42%.

Is Wipro a good dividend stock?

Wipro (NYSE:WIT) pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.17%. The dividend payout ratio is 4.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIT will have a dividend payout ratio of 3.57% 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's stock split on Friday, June 9th 2017. The 2-1 split was announced on Monday, June 12th 2017. The newly issued shares were distributed 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).

Who are Wipro's major shareholders?

Wipro's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (0.24%), Goldman Sachs Group Inc. (0.10%), BNP Paribas Financial Markets (0.07%), Fisher Asset Management LLC (0.04%), First Trust Advisors LP (0.03%) and OLD Mission Capital LLC (0.01%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:WIT) was last updated on 3/1/2024 by MarketBeat.com Staff