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S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
Henry Ford Would NEVER Have Seen This Coming (Ad)
Last chance to set up your portfolio for OPEC cuts
What does consumer price index measure?
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
Henry Ford Would NEVER Have Seen This Coming (Ad)
Last chance to set up your portfolio for OPEC cuts
What does consumer price index measure?
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
Henry Ford Would NEVER Have Seen This Coming (Ad)
Last chance to set up your portfolio for OPEC cuts
What does consumer price index measure?

Wipro Stock Price, News & Analysis (NYSE:WIT)

$4.97
+0.17 (+3.54%)
(As of 12/6/2023 ET)
Compare
Today's Range
$4.95
▼
$4.99
50-Day Range
$4.49
▼
$5.03
52-Week Range
$4.32
▼
$5.31
Volume
1.54 million shs
Average Volume
1.83 million shs
Market Capitalization
$25.92 billion
P/E Ratio
19.12
Dividend Yield
0.20%
Price Target
$4.30
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media

Wipro MarketRank™ Stock Analysis

Analyst Rating
Strong Sell
1.00 Rating Score
Upside/​Downside
13.5% Downside
$4.30 Price Target
Short Interest
Healthy
0.20% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.40mentions of Wipro in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.00%
From $0.25 to $0.28 Per Share

Overall MarketRank™

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

1.51 out of 5 stars

Computer And Technology Sector

505th out of 594 stocks

Custom Computer Programming Services Industry

18th out of 19 stocks

See Top Rated MarketRank™ Stocks Here

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

December 2, 2023 | americanbankingnews.com
Wipro (NYSE:WIT) Downgraded by StockNews.com
December 1, 2023 | stocknews.com
4 Tech Stocks with Surprising Potential for December Success
December 7, 2023 | DTI Trader (Ad)
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November 30, 2023 | finance.yahoo.com
Wipro Unveils "Lab of the Future" with AWS to Transform Lab Processes
November 21, 2023 | finance.yahoo.com
Wipro Teams with NVIDIA to Bring the Power of Generative AI to Healthcare Insurance Companies
November 9, 2023 | finance.yahoo.com
India's Wipro likely to skip pay hikes for top performers in key business line - memo
November 1, 2023 | msn.com
Wipro Gains Large Clients Despite Tough Demand Environment
October 20, 2023 | finance.yahoo.com
CTSH vs. WIT: Which Stock Should Value Investors Buy Now?
December 7, 2023 | DTI Trader (Ad)
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October 19, 2023 | finance.yahoo.com
Wipro Limited (NYSE:WIT) Q2 2024 Earnings Call Transcript
October 19, 2023 | finance.yahoo.com
India's Wipro slides, weighs on IT peers, on weak revenue forecast
October 18, 2023 | msn.com
Wipro's Q2 Revenue Falls Short Of Expectations, CEO Highlights Growth In Large Accounts
October 18, 2023 | finance.yahoo.com
India's Wipro says Q3 IT service rev to fall further on weak client demand
October 17, 2023 | benzinga.com
Earnings Preview For Wipro
October 4, 2023 | finance.yahoo.com
CTSH or WIT: Which Is the Better Value Stock Right Now?
October 2, 2023 | finance.yahoo.com
PlanSource and Rizing, a Wipro Company, Announce Partnership to Bring Customers Leading HCM and Benefits Platform
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 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 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
See More Headlines
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Company Calendar

Last Earnings
10/18/2023
Today
12/06/2023
Next Earnings (Estimated)
1/12/2024
Fiscal Year End
3/31/2024
Get Stock Alerts

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 Target
$4.30
High Stock Price Target
$4.70
Low Stock Price Target
$3.90
Potential Upside/Downside
-13.5%
Consensus Rating
Strong Sell
Rating Score (0-4)
1.00
Research Coverage
3 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.26
Trailing P/E Ratio
19.12
Forward P/E Ratio
19.88
P/E Growth
2.15
Net Income
$1.38 billion
Net Margins
12.69%
Pretax Margin
16.50%
Return on Equity
16.02%
Return on Assets
10.06%

Debt

Debt-to-Equity Ratio
0.09
Current Ratio
2.29
Quick Ratio
2.28

Sales & Book Value

Annual Sales
$11.01 billion
Price / Sales
2.35
Cash Flow
$0.33 per share
Price / Cash Flow
14.96
Book Value
$1.74 per share
Price / Book
2.86

Miscellaneous

Outstanding Shares
5,214,490,000
Free Float
5,162,345,000
Market Cap
$25.92 billion
Optionable
Optionable
Beta
0.82

Social Links

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Key Executives

  • Mr. Rishad Azim Hasham Premji Jr. (Age 46)
    Executive Chairman
    Comp: $951.35k
  • Mr. Thierry Delaporte (Age 56)
    MD, CEO, Director & Member of Executive Board
    Comp: $10.03M
  • Mr. Jatin Pravinchandra Dalal (Age 48)
    President & Executive Board Member
    Comp: $1.08M
  • Ms. Aparna C. Iyer (Age 42)
    CFO, Corporate Treasurer & Investor Relations
  • Mr. Srinivas Pallia (Age 56)
    CEO of Americas 1 & Executive Board Member
  • Mr. Saurabh Govil (Age 55)
    Chief Human Resources Officer & Executive Board Member
  • Mr. Nagendra P. Bandaru
    Global Managing Partner of iCORE Business Line & Executive Board Member
  • Mr. Pierre Bruno
    Member of Executive Board & CEO of Europe
  • Ms. Stephanie Trautman
    Chief Growth Officer & Executive Board Member
  • Ms. Suzanne Dann
    CEO of Americas 21 Strategic Market Unit & Executive Board Member

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 Sunday, December 3, 2023 at 4:50 PM.

Pros

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

  • Wipro Limited operates as a global information technology company, providing IT, consulting, and business process services worldwide.
  • Wipro Limited has a strong presence in the market and has been in operation since 1945.
  • Wipro Limited offers a wide range of services, including digital transformation, cloud computing, cybersecurity, and intelligent service solutions.
  • Wipro Limited has recently developed innovative solutions, such as Wipro Holmes, an artificial intelligence platform, and Wipro CyberTransform, intelligent ServiceNow risk and security solutions.
  • Wipro Limited has a track record of continuous growth and expansion, making it an attractive investment option.

Cons

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

  • Investing in Wipro Limited may involve risks associated with the IT industry, such as technological advancements, competition, and market volatility.
  • The stock price of Wipro Limited may fluctuate, and investors should consider the current stock price before making investment decisions.
  • Wipro Limited operates in a highly competitive market, and its success depends on its ability to differentiate itself from competitors.
  • Investing in Wipro Limited may be subject to geopolitical risks, economic conditions, and regulatory changes in the countries where it operates.
  • Wipro Limited's performance and financial results may be influenced by factors such as currency exchange rates and global economic trends.














WIT Stock Analysis - Frequently Asked Questions

Should I buy or sell Wipro stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last twelve months. There are currently 3 sell ratings for the stock. The consensus among Wall Street 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?

3 equities research analysts have issued 12 month price objectives for Wipro's stock. Their WIT share price targets range from $3.90 to $4.70. On average, they expect the company's share price to reach $4.30 in the next twelve months. This suggests that the stock has a possible downside of 13.5%.
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 on January 1st, 2023. Since then, WIT stock has increased by 6.7% and is now trading at $4.97.
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 Friday, January 12th 2024.
View our WIT earnings forecast.

How were Wipro's earnings last quarter?

Wipro Limited (NYSE:WIT) announced its earnings results on Wednesday, October, 18th. 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 $2.71 billion during the quarter, compared to the consensus estimate of $2.77 billion. Wipro had a trailing twelve-month return on equity of 16.02% and a net margin of 12.69%. During the same period last year, the company posted $0.06 EPS.

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 0.22%. The dividend payout ratio is 3.85%. 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.

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).

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), 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 many different institutional and retail investors. Top institutional shareholders include Morgan Stanley (0.18%), Acadian Asset Management LLC (0.13%), JPMorgan Chase & Co. (0.11%), Nordea Investment Management AB (0.06%), SG Americas Securities LLC (0.05%) and Citigroup Inc. (0.04%).

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.

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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This page (NYSE:WIT) was last updated on 12/7/2023 by MarketBeat.com Staff

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