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NYSE:WIT

Wipro (WIT) Stock Price, News & Analysis

$6.20
+0.18 (+2.99%)
(As of 07/26/2024 ET)
Today's Range
$6.18
$6.27
50-Day Range
$5.11
$6.89
52-Week Range
$4.48
$7.01
Volume
2.97 million shs
Average Volume
2.85 million shs
Market Capitalization
$32.36 billion
P/E Ratio
24.80
Dividend Yield
0.16%
Price Target
$5.30

Wipro MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
14.5% Downside
$5.30 Price Target
Short Interest
Bearish
0.68% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.33mentions of Wipro in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.70%
From $0.27 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.

0.51 out of 5 stars

Computer And Technology Sector

582nd out of 612 stocks

Custom Computer Programming Services Industry

25th out of 26 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

Next opportunity for crypto millions
The Bitcoin halving is the #1 creator of "crypto millionaires". That's because historically, every halving has led to a massive bull run in the year after it happens. That means we're in the "golden window" right now…
Wipro (NYSE:WIT) Issues Earnings Results, Hits Expectations
Q1 2025 Wipro Ltd Earnings Call Transcript
Wipro (NYSE:WIT) Shares Gap Down to $6.89
Next opportunity for crypto millions
The Bitcoin halving is the #1 creator of "crypto millionaires". That's because historically, every halving has led to a massive bull run in the year after it happens. That means we're in the "golden window" right now…
Wipro (NYSE:WIT) Sets New 12-Month High at $6.96
Wipro (WIT) Scheduled to Post Earnings on Friday
See More Headlines
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Company Calendar

Last Earnings
7/19/2024
Today
7/26/2024
Next Earnings (Estimated)
10/16/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Custom computer programming services
Sub-Industry
N/A
Employees
234,054
Year Founded
1945

Price Target and Rating

Average Stock Price Target
$5.30
High Stock Price Target
$6.00
Low Stock Price Target
$4.70
Potential Upside/Downside
-14.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$1.33 billion
Pretax Margin
16.40%

Debt

Sales & Book Value

Annual Sales
$10.77 billion
Cash Flow
$0.35 per share
Book Value
$1.73 per share

Miscellaneous

Outstanding Shares
5,219,190,000
Free Float
5,166,994,000
Market Cap
$32.36 billion
Optionable
Optionable
Beta
0.90

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Key Executives

  • Mr. Rishad Azim Hasham Premji Jr. (Age 47)
    Executive Chairman
    Comp: $951.35k
  • Mr. Srinivas Pallia (Age 57)
    CEO, MD, Executive Director & Member of Executive Board
  • Ms. Aparna C. Iyer (Age 42)
    CFO, Corporate Treasurer, Investor Relations & Member of Executive Board
  • 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
  • Mr. Jo Debecker
    Global Head of Wipro FullStride Cloud & Member of Executive Board

Should I Buy Wipro Stock? WIT Pros and Cons Explained

Pros

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

  • Wipro had a return on equity of 15.60% and a net margin of 12.29%, indicating strong financial performance.
  • Institutional investors and hedge funds have been increasing their stakes in Wipro, showing confidence in the company's future growth potential.
  • Recent institutional trading activities have seen significant investments in Wipro, suggesting positive sentiment towards the company's stock.
  • Wipro's revenue for the quarter exceeded the consensus estimate, demonstrating robust business operations.
  • Analysts expect Wipro to post earnings per share of 0.27 for the current fiscal year, indicating potential profitability for investors.

Cons

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

  • There may be volatility in the stock price due to market conditions and industry competition, impacting short-term returns.
  • While revenue and earnings per share have been positive, there could be fluctuations in performance based on market dynamics.
  • Increased institutional ownership may lead to potential conflicts of interest or influence on company decisions.
  • Market uncertainties or global economic factors could affect Wipro's business operations and financial results.
  • Investors should carefully monitor industry trends and company developments to make informed investment decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, July 5, 2024. Please send any questions or comments about these Wipro pros and cons to contact@marketbeat.com.

WIT Stock Analysis - Frequently Asked Questions

How have WIT shares performed this year?

Wipro's stock was trading at $5.57 at the beginning of the year. Since then, WIT shares have increased by 11.3% and is now trading at $6.20.
View the best growth stocks for 2024 here
.

How were Wipro's earnings last quarter?

Wipro Limited (NYSE:WIT) issued its quarterly earnings results on Friday, July, 19th. The information technology services provider reported $0.07 earnings per share for the quarter, hitting analysts' consensus estimates of $0.07. The information technology services provider earned $2.64 billion during the quarter, compared to analysts' expectations of $2.65 billion. Wipro had a trailing twelve-month return on equity of 15.39% and a net margin of 12.57%.

When did Wipro's stock split?

Wipro's stock split on the morning of 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 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.

Does Wipro have any subsidiaries?

Wipro subsidiaries include Rizing Intermediate Holdings Inc, Convergence Acceleration Solutions LLC, LeanSwift Solutions Inc., Edgile LLC, Ampion Holdings Pty Ltd, Capco, Metronom, and others.

Who are Wipro's major shareholders?

Wipro's top institutional investors include TCW Group Inc., Sequoia Financial Advisors LLC, V Square Quantitative Management LLC and Blue Trust Inc..

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.

What other stocks do shareholders of Wipro own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Wipro investors own include Infosys (INFY), Cisco Systems (CSCO), RTX (RTX), Abbott Laboratories (ABT), Ford Motor (F), Walt Disney (DIS) and Intel (INTC).

This page (NYSE:WIT) was last updated on 7/27/2024 by MarketBeat.com Staff

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