Wipro Limited Company Profile (NYSE:WIT)

About Wipro Limited

Wipro Limited logoWipro Limited (Wipro) is a global information technology (IT) services provider. It operates through two segments: IT Services and IT Products. The Company's IT Services business 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. The IT Products segment provides a range of third-party IT products, which allows it to offer IT system integration services. Its products include computing, Platforms and Storage, Networking Solutions, Enterprise Information Security, and software products, including databases and operating systems. The Company is a reseller of third-party enterprise products through its direct sales force.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Information Technology Services
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: WIT
  • CUSIP:
Key Metrics:
  • Previous Close: $9.79
  • 50 Day Moving Average: $9.54
  • 200 Day Moving Average: $9.77
  • 52-Week Range: $2,417,052,000.00 - $9.00
  • Trailing P/E Ratio: 19.01
  • Foreward P/E Ratio: 17.18
  • P/E Growth: 1.78
  • Market Cap: $23.66B
  • Outstanding Shares: 2,417,052,000
  • Beta: 0.94
Profitability:
  • Net Margins: 15.46%
  • Return on Equity: 17.32%
  • Return on Assets: 11.22%
Debt:
  • Debt-to-Equity Ratio: 0.04%
  • Current Ratio: 2.17%
  • Quick Ratio: 2.14%
Additional Links:
Companies Related to Wipro Limited:

Analyst Ratings

Consensus Ratings for Wipro Limited (NYSE:WIT) (?)
Ratings Breakdown: 4 Sell Ratings, 1 Hold Rating
Consensus Rating:Sell (Score: 1.20)
Consensus Price Target: $8.50 (13.18% downside)

Analysts' Ratings History for Wipro Limited (NYSE:WIT)
Show:
DateFirmActionRatingPrice TargetDetails
10/24/2016NomuraDowngradeNeutral -> ReduceView Rating Details
9/8/2016WedbushInitiated CoverageUnderperform$8.50View Rating Details
8/9/2016HSBC Holdings plcDowngradeHold -> ReduceView Rating Details
4/21/2016Citigroup Inc.DowngradeNeutral -> SellView Rating Details
4/20/2016Credit Suisse GroupDowngradeOutperform -> NeutralView Rating Details
2/11/2016Morgan StanleyDowngradeOverweight -> Equal WeightView Rating Details
12/17/2015Sterne Agee CRTInitiated CoverageUnderperform$11.00View Rating Details
6/3/2015Jefferies Group LLCUpgradeUnderperform -> HoldView Rating Details
(Data available from 2/26/2015 forward)

Earnings

Earnings History for Wipro Limited (NYSE:WIT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/25/2017Q317$0.13$0.13$2.03 billion$136.88 billionViewN/AView Earnings Details
10/21/2016Q217$0.14$0.13$2.03 billion$137.66 billionViewListenView Earnings Details
7/19/2016Q117$0.14$0.12$2.02 billion$2.00 billionViewListenView Earnings Details
4/20/2016Q416$0.15$0.14$2.00 billion$2.10 billionViewListenView Earnings Details
1/18/2016Q316$0.15$0.13$1.97 billionViewListenView Earnings Details
10/21/2015Q216$0.14$0.14$1.98 billion$1.91 billionViewListenView Earnings Details
7/23/2015Q116$0.14$0.14$1.84 billion$122.38 billionViewListenView Earnings Details
4/21/2015Q4$0.15$0.15$121.27 billion$121.42 billionViewN/AView Earnings Details
1/16/2015Q315$0.14$8.88$1.98 billion$119.93 billionViewN/AView Earnings Details
10/22/2014Q215$0.14$0.14$1.93 billion$1.89 billionViewListenView Earnings Details
7/24/2014Q115$0.13$8.54$1.87 billion$111.36 billionViewN/AView Earnings Details
4/17/2014Q414$0.13$9.04$1.90 billion$116.54 billionViewN/AView Earnings Details
1/17/2014Q314$0.12$8.18$1.83 billion$112.71 billionViewN/AView Earnings Details
10/22/2013Q214$0.11$7.85$1.78 billion$107.73 billionViewN/AView Earnings Details
7/26/2013$6.49$6.60$101.67 million$97.29 millionViewN/AView Earnings Details
11/2/2012Q312$0.12$0.12$1.91 billion$2.01 billionViewN/AView Earnings Details
10/31/2011$5.42$5.28ViewN/AView Earnings Details
4/26/2011$0.12$0.13ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Wipro Limited (NYSE:WIT)
Current Year EPS Consensus Estimate: $0.52 EPS
Next Year EPS Consensus Estimate: $0.57 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.16$0.16$0.16
Q3 20171$0.13$0.13$0.13
Q4 20171$0.13$0.13$0.13
Q1 20181$0.14$0.14$0.14
Q2 20181$0.14$0.14$0.14
Q3 20181$0.14$0.14$0.14
Q4 20181$0.14$0.14$0.14
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Wipro Limited (NYSE:WIT)
Annual Dividend:$0.06
Dividend Yield:0.61%
Dividend Growth:-9.60% (3 Year Average)
Payout Ratio:11.54% (Based on Trailing 12 Months of Earnings)
11.54% (Based on Current Year Consensus EPS Estimate)
10.53% (Based on Next Year Consensus EPS Estimate)

Dividend History for Wipro Limited (NYSE:WIT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/25/2017$0.032/1/20172/3/20172/3/2017
6/7/2016$0.027/7/20167/11/20167/11/2016
1/20/2016$0.071/25/20161/27/20161/27/2016
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Wipro Limited (NYSE:WIT)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Latest Headlines for Wipro Limited (NYSE:WIT)
DateHeadline
News Iconwipro.com O&G s Operational Technology to Enter Digital Domain with Automated Systems, Robots (NYSE:WIT)
docplayer.net - February 26 at 10:45 AM
bizjournals.com logoWhat a new owner will mean for Tampa Obamacare administrator, despite ACA uncertainty (NYSE:WIT)
www.bizjournals.com - February 25 at 4:26 AM
News IconInvestor Corner: Checking in on Shares of Wipro Ltd (WIT) - Baxter Review (NYSE:WIT)
baxternewsreview.com - February 24 at 8:53 AM
News IconInvestor Sphere: Keeping an Eye on Levels for Wipro Ltd (WIT) - Davidson Register (NYSE:WIT)
davidsonregister.com - February 22 at 11:07 AM
News IconStock Tracker: Trend Analysis on Wipro Ltd (WIT) - Rives Journal (NYSE:WIT)
rivesjournal.com - February 22 at 11:07 AM
finance.yahoo.com logoParablu's Cloud Solution Helps Wipro Secure End-User Data (NYSE:WIT)
finance.yahoo.com - February 21 at 4:12 PM
finance.yahoo.com logoParablu's Cloud Solution Helps Wipro Secure End-User Data - Yahoo Finance (NYSE:WIT)
finance.yahoo.com - February 21 at 8:09 AM
News IconSell-side is Weighing in on Wipro Limited (NYSE:WIT) Earnings & Targets - Aiken Advocate (NYSE:WIT)
aikenadvocate.com - February 20 at 7:38 PM
finance.yahoo.com logoWipro’s Digital TV Middleware Solution Enables In-Car TV Reception for the Japan Market (NYSE:WIT)
au.finance.yahoo.com - February 15 at 2:04 AM
finance.yahoo.com logoWipro Builds Industry-Focused Big Data Analytics-as-a-Service Platform on IBM Bluemix (NYSE:WIT)
au.finance.yahoo.com - February 14 at 4:00 PM
News IconWipro Gallagher Solutions Integrates Uniform Closing Dataset into NetOxygen (NYSE:WIT)
www.pressreleasepoint.com - February 14 at 7:04 AM
investornewswire.com logoExpected For Wipro Limited (NYSE:WIT) Sales Of $8751.5 - Investor Newswire (NYSE:WIT)
www.investornewswire.com - February 12 at 7:17 AM
News IconLarge Cap Information Technology Services: Wipro Limited (NYSE:WIT) (NYSE:WIT)
twincountynews.com - February 9 at 6:43 AM
News IconWipro study finds 85% increase in test automation - Hindu Business Line (NYSE:WIT)
www.thehindubusinessline.com - February 7 at 4:05 PM
finance.yahoo.com logoWipro Study finds 85% Increase in Test Automation (NYSE:WIT)
au.finance.yahoo.com - February 7 at 4:05 PM
247wallst.com logoTrump Immigration Ban Now Opposed by 97 Companies (NYSE:WIT)
247wallst.com - February 6 at 9:26 AM
finance.yahoo.com logoImplementation of smart city project not smart: Premji (NYSE:WIT)
in.finance.yahoo.com - February 5 at 4:12 AM
News IconWipro Celebrates Wipro Earthian Awards 2016 (NYSE:WIT)
businesswireindia.com - February 4 at 6:17 AM
News IconWestwood Global Investments LLC Cut Holding in Wipro LTD (WIT) as Share Value Declined (NYSE:WIT)
randolphguide.com - February 4 at 6:17 AM
finance.yahoo.com logoWipro Rated as a Top Digital Service Provider in Retail by Zinnov (NYSE:WIT)
au.finance.yahoo.com - February 4 at 6:17 AM
nasdaq.com logoRSI Alert: Wipro (WIT) Now Oversold (NYSE:WIT)
www.nasdaq.com - February 2 at 6:49 AM
News IconWhat’s Next for Wipro Limited (ADR) (WIT) After Achieving 52-Week Low? (NYSE:WIT)
randolphguide.com - February 2 at 6:49 AM
finance.yahoo.com logoWipro joins the Industrial Internet Consortium (NYSE:WIT)
au.finance.yahoo.com - February 2 at 6:49 AM
News IconWipro Gallagher Solutions, Veri-Tax Partner to Streamline Verification Solutions (NYSE:WIT)
www.wipro.com - February 1 at 7:26 AM
News IconVisa Reform Raises Uncertainty for Offshore IT Services (NYSE:WIT)
news.morningstar.com - February 1 at 7:26 AM
News IconWipro and PATH partner to improve health in developing countries (NYSE:WIT)
www.dotmed.com - January 31 at 8:05 AM
News IconIs Wipro Limited (ADR) (WIT) a Sell? The Stock Formed Double Bottom Chart Pattern (NYSE:WIT)
randolphguide.com - January 31 at 8:05 AM
uk.finance.yahoo.com logoWipro and PATH Announce Partnership to Improve Health in Developing Countries (NYSE:WIT)
uk.finance.yahoo.com - January 30 at 9:48 AM
finance.yahoo.com logoWipro Partners with and Invests in Tradeshift to Increase Digitalization and Automation across Source-to-Pay Processes (NYSE:WIT)
au.finance.yahoo.com - January 30 at 9:48 AM
News IconEarnings in Full Force, Analysts Take Aim at Wipro Limited (NYSE:WIT) - Wall Street Beacon (NYSE:WIT)
wsbeacon.com - January 27 at 9:43 PM
finance.yahoo.com logoWipro's Kurien to head Premji Invest (NYSE:WIT)
in.finance.yahoo.com - January 27 at 6:45 AM
News IconWipro Limited (NYSE:WIT) to Post $0.13 Earnings Per Share: Analysts - Wall Street Beacon (NYSE:WIT)
wsbeacon.com - January 25 at 9:56 PM
News IconWipro Limited (ADR) (WIT) Releases Earnings Results, Beats Expectations By $0.10 EPS - Highland Mirror (NYSE:WIT)
www.highlandmirror.com - January 25 at 9:56 PM
streetinsider.com logoWipro (WIT) to Acquire InfoSERVER SA for $8.7M - StreetInsider.com (NYSE:WIT)
www.streetinsider.com - January 25 at 9:56 PM
msn.com logoOpinion: Even programmers could lose their jobs to computers (NYSE:WIT)
www.msn.com - January 25 at 4:54 PM
rttnews.com logoWipro Q3 Profit Down; Sees Sequentially Higher IT Services Revenues In Q4 (NYSE:WIT)
www.rttnews.com - January 25 at 4:54 PM
streetinsider.com logoWipro (WIT) to Acquire InfoSERVER S.A for $8.7M (NYSE:WIT)
www.streetinsider.com - January 25 at 4:54 PM
seekingalpha.com logoWipro's (WIT) CEO Abidali Neemuchwala on Q3 2017 Results - Earnings Call Transcript (NYSE:WIT)
seekingalpha.com - January 25 at 4:53 PM
us.rd.yahoo.com logo7:30 am Wipro beats by INR 0.10, reports revs in-line (NYSE:WIT)
us.rd.yahoo.com - January 25 at 4:53 PM
us.rd.yahoo.com logoWipro to acquire InfoSERVER, a specialized IT Services provider for Banking, Financial Services & Insurance sector in Brazil (NYSE:WIT)
us.rd.yahoo.com - January 25 at 4:53 PM
us.rd.yahoo.com logoResults for the Quarter Ended December 31, 2016 under IFRS (NYSE:WIT)
us.rd.yahoo.com - January 25 at 4:53 PM
finance.yahoo.com logoWipro expects muted growth amid growing protectionism (NYSE:WIT)
in.finance.yahoo.com - January 25 at 4:53 PM
finance.yahoo.com logoWipro Limited announces retirement of TK Kurien (NYSE:WIT)
au.finance.yahoo.com - January 24 at 3:27 PM
marketwatch.com logoEven programmers could lose their jobs to computers (NYSE:WIT)
www.marketwatch.com - January 24 at 3:27 PM
News IconSell-side Consensus Sees Wipro Limited (NYSE:WIT) Going Where Near-Term? - Aiken Advocate (NYSE:WIT)
aikenadvocate.com - January 17 at 9:27 AM
4-traders.com logoA look at a High Market Cap Stock: Wipro Limited, WIT (NYSE:WIT)
www.4-traders.com - January 15 at 4:05 AM
News IconWill The Needle Move For Wipro Limited (NYSE:WIT) Shares This ... - Wall Street Beacon (NYSE:WIT)
wsbeacon.com - January 13 at 8:22 PM
News IconWill The Needle Move For Wipro Limited (NYSE:WIT) Shares This Earnings Season? - Wall Street Beacon (NYSE:WIT)
wsbeacon.com - January 13 at 3:21 PM
businesswire.com logoWipro Limited to Announce Results for the Third Quarter Ended ... - Business Wire (press release) (NYSE:WIT)
www.businesswire.com - January 13 at 6:29 AM
finance.yahoo.com logoWipro Limited to Announce Results for the Third Quarter Ended December 31, 2016 on January 25, 2017 (NYSE:WIT)
au.finance.yahoo.com - January 12 at 7:41 AM

Social

What is Wipro Limited's stock symbol?

Wipro Limited trades on the New York Stock Exchange (NYSE) under the ticker symbol "WIT."

How often does Wipro Limited pay dividends? What is the dividend yield for Wipro Limited?

Wipro Limited announced a dividend on Wednesday, January 25th. Stockholders of record on Friday, February 3rd will be paid a dividend of $0.029 per share on Friday, February 3rd. The ex-dividend date of this dividend is Wednesday, February 1st. This is a boost from Wipro Limited's previous dividend of $0.02.

Where is Wipro Limited's stock going? Where will Wipro Limited's stock price be in 2017?

5 brokers have issued 12-month price objectives for Wipro Limited's stock. Their predictions range from $8.50 to $8.50. On average, they expect Wipro Limited's stock price to reach $8.50 in the next twelve months.

Who owns Wipro Limited stock?

Wipro Limited's stock is owned by many different of institutional and retail investors. Top institutional shareholders include AQR Capital Management LLC (0.27%), State Street Corp (0.11%), Renaissance Technologies LLC (0.06%), Renaissance Group LLC (0.05%), DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main (0.03%) and Baillie Gifford & Co. (0.01%).

Who sold Wipro Limited stock? Who is selling Wipro Limited stock?

Wipro Limited's stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, AQR Capital Management LLC, Franklin Resources Inc., Freestone Capital Holdings LLC, Guggenheim Capital LLC, Renaissance Group LLC and Pacad Investment Ltd..

Who bought Wipro Limited stock? Who is buying Wipro Limited stock?

Wipro Limited's stock was bought by a variety of institutional investors in the last quarter, including DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Allianz Asset Management AG, Russell Investments Group Ltd., State Street Corp, Commerzbank Aktiengesellschaft FI, Credit Agricole S A, Wetherby Asset Management Inc. and Comerica Bank.

How do I buy Wipro Limited stock?

Shares of Wipro Limited can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Wipro Limited stock cost?

One share of Wipro Limited stock can currently be purchased for approximately $9.79.

Wipro Limited (NYSE:WIT) Chart for Sunday, February, 26, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Wipro Limited (NYSE:WIT)

Earnings History Chart

Earnings by Quarter for Wipro Limited (NYSE:WIT)

Dividend History Chart

Dividend Payments by Quarter for Wipro Limited (NYSE:WIT)

Last Updated on 2/26/2017 by MarketBeat.com Staff