NYSE:WIT

Wipro (WIT) Stock Forecast, Price & News

$4.82

-0.13 (-2.63%)

(As of 06/5/2023 ET)

Compare

Today's Range: $4.79
▼
$4.87
50-Day Range: $4.33
▼
$4.95
52-Week Range: $4.32
▼
$6.10

Volume: 2.10 million shs
Average Volume: 2.10 million shs
Market Capitalization: $26.38 billion

P/E Ratio: 18.52
Dividend Yield: 0.42%
Price Target: $4.44

Wipro MarketRank™ Forecast

Analyst Rating: Reduce
1.25 Rating Score
Upside/Downside: 7.7% Downside
$4.44 Price Target
Short Interest: Bearish
0.31% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.42
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 7.41%
From $0.27 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.

1.38 out of 5 stars

Computer And Technology Sector

567th out of 608 stocks

Custom Computer Programming Services Industry

23rd out of 25 stocks

0.6

Analyst's Opinion

Consensus Rating
Wipro has received a consensus rating of Sell. The company's average rating score is 1.25, and is based on 1 buy rating, no hold ratings, and 7 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.44, Wipro has a forecasted downside of 7.7% from its current price of $4.82.
Amount of Analyst Coverage
Wipro has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
0.31% of the outstanding shares of Wipro have been sold short.
Short Interest Ratio / Days to Cover
Wipro has a short interest ratio ("days to cover") of 9.3.
Change versus previous month
Short interest in Wipro has recently increased by 47.16%, indicating that investor sentiment is decreasing significantly.

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.

1.9

News and Social Media Coverage

News Sentiment
Wipro has a news sentiment score of 0.42. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Wipro this week, compared to 3 articles on an average week.
MarketBeat Follows
Only 1 people have added Wipro to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 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 2.12% of the stock of Wipro is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Wipro are expected to grow by 7.41% in the coming year, from $0.27 to $0.29 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Wipro is 18.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.25.
Price to Earnings Ratio vs. Sector
The P/E ratio of Wipro is 18.52, 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 348.85.
Price to Earnings Growth Ratio
Wipro has a PEG Ratio of 2.01. 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 2.77. 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 Ltd. is a global information technology, consulting and outsourcing company, which engages in the development and integration of solutions. It operates through the following segments: Information Technology Services, India State Run Enterprise (ISRE), and Information Technology Products. The Information Technology Services segment 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 to enterprises worldwide. The Information Technology Products segment offers a range of third-party IT products, which allows the firm to provide comprehensive IT system integration services. The ISRE segment is composed of IT services offerings to organizations owned or controlled by the Government of India and any Indian State Governments. The company was founded on December 29, 1945 and is headquartered in Bengaluru, India.

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WIT Stock News Headlines

June 5, 2023 | finance.yahoo.com

Wipro VisionEDGE to Power Bowling Center TV’s New Digital Out-of-Home Network

June 5, 2023 | finance.yahoo.com

Wipro Issues Public Announcement Regarding Buyback Offer

June 6, 2023 | Behind the Markets (Ad)

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June 3, 2023 | americanbankingnews.com

Wipro Limited (NYSE:WIT) Receives $4.44 Average Target Price from Brokerages

May 29, 2023 | msn.com

Here's How Much $100 Invested In Wipro 20 Years Ago Would Be Worth Today

May 26, 2023 | bizjournals.com

IT giant Wipro cutting dozens of Austin jobs

May 26, 2023 | wsj.com

Wipro Ltd. ADR

May 25, 2023 | americanbankingnews.com

Wipro (NYSE:WIT) Coverage Initiated at JPMorgan Chase & Co.

June 6, 2023 | Stansberry Research (Ad)

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May 25, 2023 | benzinga.com

Wipro Annual Report 2023 on Form 20-F Available Online for ADS Holders

May 24, 2023 | benzinga.com

Wipro Engineering Edge Partners with Spartan Radar to Enhance Assisted and Automated Driving Solutions on its 'Cloud Car' Platform

May 24, 2023 | finance.yahoo.com

Wipro Engineering Edge Partners with Spartan Radar to Enhance Assisted and Automated Driving Solutions on its ‘Cloud Car’ Platform

May 23, 2023 | finance.yahoo.com

Wipro Expands Google Cloud Partnership to Advance Enterprise Adoption of Generative AI

May 23, 2023 | msn.com

Wipro expands Google Cloud partnership for advancing AI adoption

May 21, 2023 | americanbankingnews.com

StockNews.com Begins Coverage on Wipro (NYSE:WIT)

May 18, 2023 | msn.com

Wipro Inks 5-Year Deal With ServiceNow,Targets Building $1B Business

May 18, 2023 | msn.com

Wipro and ServiceNow enter five-year business partnership

May 15, 2023 | benzinga.com

Wipro FullStride Cloud Studio partners with Google to accelerate clients' journey to the Cloud

May 15, 2023 | finance.yahoo.com

Wipro FullStride Cloud Studio partners with Google to accelerate clients’ journey to the Cloud

May 10, 2023 | finance.yahoo.com

Wipro appoints Soeren Lorenzen as Chief Growth Officer, APMEA

May 9, 2023 | americanbankingnews.com

Brokerages Set Wipro Limited (NYSE:WIT) Price Target at $4.49

May 2, 2023 | americanbankingnews.com

Wedbush Weighs in on Wipro Limited's Q1 2024 Earnings (NYSE:WIT)

April 25, 2023 | americanbankingnews.com

Wipro (WIT) Set to Announce Quarterly Earnings on Thursday

April 18, 2023 | uk.finance.yahoo.com

Wipro Limited (WIT)

April 18, 2023 | americanbankingnews.com

Analysts Set Wipro Limited (NYSE:WIT) Target Price at $4.49

April 17, 2023 | seekingalpha.com

Wipro: ChatGPT Disruption Looms Large

April 7, 2023 | americanbankingnews.com

Wipro (NYSE:WIT) versus SaverOne 2014 (NASDAQ:SVRE) Head-To-Head Comparison

See More Headlines

WIT Price History

30 days | 90 days | 365 days | Advanced Chart

WIT Company Calendar

Last Earnings: 1/11/2022
Today: 6/06/2023
Next Earnings (Estimated): 7/19/2023
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: $4.44
High Stock Price Forecast: $4.87
Low Stock Price Forecast: $3.90
Forecasted Upside/Downside: -7.7%
Consensus Rating: Reduce
Rating Score (0-4): 1.25
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.26
Trailing P/E Ratio: 18.52
Forward P/E Ratio: 17.83
P/E Growth: 2.01
Net Income: $1.38 billion
Net Margins: 12.56%
Pretax Margin: 16.32%
Return on Equity: 15.45%
Return on Assets: 9.91%

Debt

Debt-to-Equity Ratio: 0.08
Current Ratio: 2.47
Quick Ratio: 2.46

Sales & Book Value

Annual Sales: $11.01 billion
Price / Sales: 2.40
Cash Flow: $0.32 per share
Price / Cash Flow: 15.17
Book Value: $1.74 per share
Price / Book: 2.77

Miscellaneous

Outstanding Shares: 5,478,020,000
Free Float: 5,423,242,000
Market Cap: $26.38 billion
Optionable: Optionable
Beta: 0.84

Social Links

Key Executives

Thierry Delaporte
CEO, Executive Director & Managing Director

Jatin Pravinchandra Dalal
President & Chief Financial Officer

Amit Choudhary
Chief Operating Officer

Harmeet Chauhan
Global Head-Engineering, Research & Development

Subha Tatavarti
Chief Technology Officer

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?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last year. There are currently 7 sell ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" WIT shares.
View WIT analyst ratings or view top-rated stocks.
What is Wipro's stock price forecast for 2023?: 8 brokers have issued 12-month target prices for Wipro's shares. Their WIT share price forecasts range from $3.90 to $4.87. On average, they expect the company's share price to reach $4.44 in the next year. This suggests that the stock has a possible downside of 7.7%.
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 start of the year. Since then, WIT shares have increased by 3.3% and is now trading at $4.8150.
View the best growth stocks for 2023 here.
Are investors shorting Wipro?: Wipro saw a increase in short interest in May. As of May 15th, there was short interest totaling 16,850,000 shares, an increase of 47.2% from the April 30th total of 11,450,000 shares. Based on an average daily trading volume, of 1,820,000 shares, the days-to-cover ratio is currently 9.3 days.
View Wipro's Short Interest.
When is Wipro's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 19th 2023.
View our WIT earnings forecast.
How were Wipro's earnings last quarter?: Wipro Limited (NYSE:WIT) released its earnings results on Tuesday, January, 11th. The information technology services provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.01. The information technology services provider had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.70 billion. Wipro had a trailing twelve-month return on equity of 15.45% and a net margin of 12.56%. During the same period in the previous year, the business posted $0.07 EPS.
What ETFs hold Wipro's stock?: ETFs with the largest weight of Wipro (NYSE:WIT) stock in their portfolio include VanEck Digital India ETF (DGIN), ALPS Emerging Sector Dividend Dogs ETF (EDOG), First Trust BICK Index Fund (BICK), First Trust Indxx Innovative Transaction & Process ETF (LEGR), Defiance Quantum ETF (QTUM), First Trust Indxx NextG ETF (NXTG), Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH) and Invesco PureBeta FTSE Emerging Markets ETF (PBEE).
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 the morning of Friday, June 9th 2017. The 2-1 split was announced on Monday, June 12th 2017. The newly created shares were payable 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), Raytheon Technologies (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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (0.43%), State Street Corp (0.18%), JPMorgan Chase & Co. (0.13%), Acadian Asset Management LLC (0.08%), Nordea Investment Management AB (0.07%) and SG Americas Securities LLC (0.06%).
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 $4.82.
How much money does Wipro make?: Wipro (NYSE:WIT) has a market capitalization of $26.38 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.
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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 6/6/2023 by MarketBeat.com Staff

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