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S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
10 Ways Entrepreneurs Can Navigate a Down Economy
The Largest Ever Technology Wave Is Coming! (Ad)
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
How to Invest in AI's Fast-Growing Market (Ad)
Open vs. Anonymous Employee Feedback — Which is Better?
PwC Australia sidelines 9 directors as leak of tax information investigated
How to Invest in AI's Fast-Growing Market (Ad)
South African president appoints judge to oversee weapons-for-Russia inquiry
3 Cheap (and Tax-Free) Dividends That Love Debt-Ceiling Drama
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
10 Ways Entrepreneurs Can Navigate a Down Economy
The Largest Ever Technology Wave Is Coming! (Ad)
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
How to Invest in AI's Fast-Growing Market (Ad)
Open vs. Anonymous Employee Feedback — Which is Better?
PwC Australia sidelines 9 directors as leak of tax information investigated
How to Invest in AI's Fast-Growing Market (Ad)
South African president appoints judge to oversee weapons-for-Russia inquiry
3 Cheap (and Tax-Free) Dividends That Love Debt-Ceiling Drama
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
10 Ways Entrepreneurs Can Navigate a Down Economy
The Largest Ever Technology Wave Is Coming! (Ad)
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
How to Invest in AI's Fast-Growing Market (Ad)
Open vs. Anonymous Employee Feedback — Which is Better?
PwC Australia sidelines 9 directors as leak of tax information investigated
How to Invest in AI's Fast-Growing Market (Ad)
South African president appoints judge to oversee weapons-for-Russia inquiry
3 Cheap (and Tax-Free) Dividends That Love Debt-Ceiling Drama
NYSE:WIT

Wipro (WIT) Stock Forecast, Price & News

$4.86
+0.13 (+2.75%)
(As of 05/26/2023 07:00 PM ET)
Compare
Today's Range
$4.80
▼
$4.87
50-Day Range
$4.33
▼
$4.86
52-Week Range
$4.32
▼
$6.18
Volume
1.40 million shs
Average Volume
2.10 million shs
Market Capitalization
$26.62 billion
P/E Ratio
18.69
Dividend Yield
0.41%
Price Target
$4.44
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Wipro MarketRank™ Forecast

Analyst Rating
Reduce
1.44 Rating Score
Upside/​Downside
8.6% 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
0.28mentions of Wipro in the last 14 days
Based on 12 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.

1.41 out of 5 stars

Computer And Technology Sector

573rd out of 618 stocks

Custom Computer Programming Services Industry

25th out of 27 stocks

See Top Rated MarketRank™ Stocks Here

WIT stock logo

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

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 30, 2023 | Edge On The Street (Ad)
How to Invest in AI's Fast-Growing Market
The AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon.
May 26, 2023 | wsj.com
Wipro Ltd. ADR
May 25, 2023 | americanbankingnews.com
Wipro (NYSE:WIT) Coverage Initiated at JPMorgan Chase & Co.
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 30, 2023 | Edge On The Street (Ad)
The Largest Ever Technology Wave Is Coming!
This summer, a small tech company will launch a key technology to advance artificial intelligence, or AI, that can think, reason and make decisions like humans. It will change the world, just like electricity did.
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
March 31, 2023 | americanbankingnews.com
Wipro (NYSE:WIT) and CMTSU Liquidation (OTCMKTS:CBRI) Head to Head Review
March 22, 2023 | americanbankingnews.com
Sanford C. Bernstein Downgrades Wipro (NYSE:WIT) to Underperform
March 22, 2023 | americanbankingnews.com
Wipro (NYSE:WIT) Shares Gap Down to $4.57
See More Headlines
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WIT Company Calendar

Last Earnings
1/11/2022
Today
5/29/2023
Next Earnings (Estimated)
7/19/2023
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
240,000
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
-8.6%
Consensus Rating
Reduce
Rating Score (0-4)
1.44
Research Coverage
9 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.26
Trailing P/E Ratio
18.69
Forward P/E Ratio
18.00
P/E Growth
1.98
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
2.42
Cash Flow
$0.33 per share
Price / Cash Flow
14.90
Book Value
$1.74 per share
Price / Book
2.79

Miscellaneous

Outstanding Shares
5,478,020,000
Free Float
5,423,242,000
Market Cap
$26.62 billion
Optionable
Optionable
Beta
0.83

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?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last year. There are currently 7 sell ratings and 2 buy ratings for the stock. The consensus among Wall Street 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?

9 equities research analysts have issued 1-year price objectives for Wipro's stock. Their WIT share price forecasts range from $3.90 to $4.87. On average, they predict the company's share price to reach $4.44 in the next twelve months. This suggests that the stock has a possible downside of 8.6%.
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 shares have increased by 4.3% and is now trading at $4.86.
View the best growth stocks for 2023 here.

Are investors shorting Wipro?

Wipro saw a increase in short interest in the month of 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 volume of 1,820,000 shares, the short-interest ratio is presently 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 analysts' consensus estimates of $0.08 by $0.01. The information technology services provider earned $2.73 billion during the quarter, compared to the consensus estimate of $2.70 billion. Wipro had a net margin of 12.56% and a trailing twelve-month return on equity of 15.45%. During the same quarter in the previous year, the firm earned $0.07 earnings per share.

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 0.44%. 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?

Shares of Wipro split on the morning of 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), 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 a number of retail and institutional investors. Top institutional investors 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 $4.86.

How much money does Wipro make?

Wipro (NYSE:WIT) has a market capitalization of $26.62 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 240,000 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.
Read More
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 5/30/2023 by MarketBeat.com Staff

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