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S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Stock market today: Asian stocks rise after Wall St retreats on concern economy weakening
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Stock market today: Asian stocks rise after Wall St retreats on concern economy weakening
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Stock market today: Asian stocks rise after Wall St retreats on concern economy weakening
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
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
0.42mentions of Wipro in the last 14 days
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


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

[Strong Buy Alert] Is this laser stock in your portfolio?
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? There are very few opportunities like this in today's bear market... But our analysts identified a tiny defense company landing billions of dollars in contracts every year.
IT giant Wipro cutting dozens of Austin jobs
Wipro Ltd. ADR
Wipro (NYSE:WIT) Coverage Initiated at JPMorgan Chase & Co.
The gold catalyst we've waited for
Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
StockNews.com Begins Coverage on Wipro (NYSE:WIT)
Wipro (WIT) Set to Announce Quarterly Earnings on Thursday
Wipro Limited (WIT)
Analysts Set Wipro Limited (NYSE:WIT) Target Price at $4.49
Wipro: ChatGPT Disruption Looms Large
See More Headlines

WIT Price History

WIT Company Calendar

Last Earnings
1/11/2022
Today
6/06/2023
Next Earnings (Estimated)
7/19/2023
Fiscal Year End
3/31/2024

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 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

Net Income
$1.38 billion
Pretax Margin
16.32%

Debt

Sales & Book Value

Annual Sales
$11.01 billion
Cash Flow
$0.32 per share
Book Value
$1.74 per share

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













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.

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.
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 6/6/2023 by MarketBeat.com Staff

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