Wipro 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: IT Services & Consulting - NEC
- Sub-Industry: N/A
- Symbol: NYSE:WIT
- CUSIP: N/A
- Web: www.wipro.com
Capitalization:- Market Cap: $29.65 billion
- Outstanding Shares: 4,845,115,000
Average Prices:- 50 Day Moving Avg: $5.27
- 200 Day Moving Avg: $5.04
- 52 Week Range: $4.50 - $6.15
P/E:- Trailing P/E Ratio: 22.01
- Foreward P/E Ratio: 19.74
- P/E Growth: 2.80
Sales & Book Value:- Annual Revenue: $8.57 billion
- Price / Sales: 3.46
- Book Value: $1.74 per share
- Price / Book: 3.52
Dividend:- Annual Dividend: $0.03
- Dividend Yield: 0.4%
Profitability:- EBIDTA: $1.7 billion
- Net Margins: 15.46%
- Return on Equity: 16.96%
- Return on Assets: 11.03%
Debt:- Debt-to-Equity Ratio: 0.04%
- Current Ratio: 2.35%
- Quick Ratio: 2.33%
Misc:- Average Volume: 1.62 million shs.
- Beta: 0.83
- Short Ratio: 16.91
Frequently Asked Questions for Wipro Limited (NYSE:WIT)
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 given a dividend of $0.0145 per share on Friday, February 3rd. The ex-dividend date is Wednesday, February 1st. View Wipro Limited's Dividend History.
When did Wipro Limited's stock split? How did Wipro Limited's stock split work?
Shares of Wipro Limited split on 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 Wipro Limited stock prior to the split would have 200 shares after the split.
How will Wipro Limited's stock buyback program work?
Wipro Limited announced that its Board of Directors has authorized a share repurchase plan on Friday, July 21st 2017, which permits the company to repurchase $1,700,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 6.1% of its shares through a tender offer. Shares repurchase plans are often an indication that the company's leadership believes its shares are undervalued.
How were Wipro Limited's earnings last quarter?
Wipro Limited (NYSE:WIT) released its quarterly earnings data on Thursday, July, 20th. The company reported $0.07 EPS for the quarter, topping the Zacks' consensus estimate of $0.06 by $0.01. The business earned $2.11 billion during the quarter, compared to analyst estimates of $2.05 billion. Wipro Limited had a return on equity of 16.96% and a net margin of 15.46%. View Wipro Limited's Earnings History.
Where is Wipro Limited's stock going? Where will Wipro Limited's stock price be in 2017?
5 brokers have issued 1 year price objectives for Wipro Limited's shares. Their predictions range from $4.25 to $277.00. On average, they expect Wipro Limited's stock price to reach $140.63 in the next twelve months. View Analyst Ratings for Wipro Limited.
Are investors shorting Wipro Limited?
Wipro Limited saw a drop in short interest in July. As of July 14th, there was short interest totalling 33,070,423 shares, a drop of 7.3% from the June 30th total of 35,685,129 shares. Based on an average daily trading volume, of 1,060,878 shares, the days-to-cover ratio is currently 31.2 days.
Who are some of Wipro Limited's key competitors?
Some companies that are related to Wipro Limited include Automatic Data Processing (ADP), Cognizant Technology Solutions Corporation (CTSH), Vmware (VMW), Infosys Limited (INFY), CGI Group (GIB), Palo Alto Networks (PANW), Gartner (IT), Total System Services (TSS), VeriSign (VRSN), CDW Corporation (CDW), Amdocs Limited (DOX), Akamai Technologies (AKAM), F5 Networks (FFIV), Jack Henry & Associates (JKHY), Fortinet (FTNT), LogMein (LOGM), CSRA (CSRA) and Booz Allen Hamilton Holding Corporation (BAH).
Who are Wipro Limited's key executives?
Wipro Limited's management team includes the folowing people:
- Azim H. Premji, Chairman of the Board, Managing Director
- Abidali Z. Neemuchwala, Chief Executive Officer, Executive Director
- Jatin Pravinchandra Dalal, Chief Financial Officer
- M. Sanaulla Khan, Compliance Officer, Company Secretary
- Rishad Azim Premji, Whole-time Director
- Narayanan Vaghul, Non-Executive Lead Independent Director
- Patrick Lucien Andre Dupuis, Director
- Ashok Sekhar Ganguly, Non-Executive Independent Director
- William Arthur Owens, Non-Executive Independent Director
- Mahendra Kumar Sharma, Non-Executive Independent Director
Who owns Wipro Limited stock?
Wipro Limited's stock is owned by many different of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (0.08%), Aperio Group LLC (0.06%), Bank of Montreal Can (0.03%), Hexavest Inc. (0.03%), Acadian Asset Management LLC (0.01%) and Eqis Capital Management Inc. (0.00%). View Institutional Ownership Trends for Wipro Limited.
Who sold Wipro Limited stock? Who is selling Wipro Limited stock?
Who bought Wipro Limited stock? Who is buying Wipro Limited stock?
Wipro Limited's stock was acquired by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Aperio Group LLC, Bank of Montreal Can, Hexavest Inc., Acadian Asset Management LLC, Eqis Capital Management Inc., Capstone Asset Management Co. and Greenleaf Trust. View Insider Buying and Selling for Wipro Limited.
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.
What is Wipro Limited's stock price today?
One share of Wipro Limited stock can currently be purchased for approximately $6.12.
MarketBeat Community Rating for Wipro Limited (NYSE WIT)MarketBeat's community ratings are surveys of what our community members think about Wipro Limited and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Wipro Limited (NYSE:WIT) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 4 Sell Ratings, 1 Hold Rating |
| Consensus Rating: | Sell (Score: 1.20) |
| Consensus Price Target: | $140.63 (2,197.79% upside) |
Analysts' Ratings History for Wipro Limited (NYSE:WIT)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 7/21/2017 | Bank of America Corporation | Boost Price Target | Neutral | $250.00 -> $277.00 | Low |  |
| 6/6/2017 | Jefferies Group LLC | Downgrade | Hold -> Underperform | | Medium | |
| 10/24/2016 | Nomura | Downgrade | Neutral -> Reduce | | N/A | |
| 9/8/2016 | Wedbush | Initiated Coverage | Underperform | $4.25 | N/A | |
| 8/9/2016 | HSBC Holdings plc | Downgrade | Hold -> Reduce | | N/A | |
| 4/21/2016 | Citigroup Inc. | Downgrade | Neutral -> Sell | | N/A | |
| 4/20/2016 | Credit Suisse Group | Downgrade | Outperform -> Neutral | | N/A | |
| 2/11/2016 | Morgan Stanley | Downgrade | Overweight -> Equal Weight | | N/A | |
| 12/17/2015 | Sterne Agee CRT | Initiated Coverage | Underperform | $5.50 | N/A | |
(Data available from 7/25/2015 forward)
Earnings History for Wipro Limited (NYSE:WIT)Earnings History by Quarter for Wipro Limited (NYSE WIT)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 7/20/2017 | 6/30/2017 | $0.06 | $0.07 | $2.05 billion | $2.11 billion | View | N/A | |
| 4/25/2017 | 3/31/2017 | $0.07 | $0.07 | $2.06 billion | $2.16 billion | View | N/A | |
| 1/25/2017 | Q317 | $0.07 | $0.07 | $2.03 billion | $136.88 billion | View | N/A | |
| 10/21/2016 | Q217 | $0.07 | $0.07 | $2.03 billion | $137.66 billion | View | Listen | |
| 7/19/2016 | Q117 | $0.07 | $0.06 | $2.02 billion | $2.00 billion | View | Listen | |
| 4/20/2016 | Q416 | $0.08 | $0.07 | $2.00 billion | $2.10 billion | View | Listen | |
| 1/18/2016 | Q316 | $0.08 | $0.07 | $1.99 billion | $1.94 billion | View | Listen | |
| 10/21/2015 | Q216 | $0.07 | $0.07 | $1.98 billion | $1.91 billion | View | Listen | |
| 7/23/2015 | Q116 | $0.07 | $0.07 | $1.84 billion | $122.38 billion | View | Listen | |
| 4/21/2015 | Q4 | $0.08 | $0.08 | $121.27 billion | $121.42 billion | View | N/A | |
| 1/16/2015 | Q315 | $0.07 | $4.44 | $1.98 billion | $119.93 billion | View | N/A | |
| 10/22/2014 | Q215 | $0.07 | $0.07 | $1.93 billion | $1.89 billion | View | Listen | |
| 7/24/2014 | Q115 | $0.07 | $4.27 | $1.87 billion | $111.36 billion | View | N/A | |
| 4/17/2014 | Q414 | $0.07 | $4.52 | $1.90 billion | $116.54 billion | View | N/A | |
| 1/17/2014 | Q314 | $0.06 | $4.09 | $1.83 billion | $112.71 billion | View | N/A | |
| 10/22/2013 | Q214 | $0.06 | $3.93 | $1.78 billion | $107.73 billion | View | N/A | |
| 7/26/2013 | | $3.25 | $3.30 | $101.67 million | $97.29 million | View | N/A | |
| 11/2/2012 | Q312 | $0.06 | $0.06 | $1.91 billion | $2.01 billion | View | N/A | |
| 10/31/2011 | | $2.71 | $2.64 | | | View | N/A | |
| 4/26/2011 | | $0.06 | $0.07 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Wipro Limited (NYSE:WIT)2017 EPS Consensus Estimate: $0.26
2018 EPS Consensus Estimate: $0.36
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q3 2017 | 1 | $0.13 | $0.13 | $0.13 |
| Q4 2017 | 1 | $0.13 | $0.13 | $0.13 |
| Q1 2018 | 1 | $0.12 | $0.12 | $0.12 |
| Q2 2018 | 1 | $0.06 | $0.06 | $0.06 |
| Q3 2018 | 1 | $0.12 | $0.12 | $0.12 |
| Q4 2018 | 1 | $0.06 | $0.06 | $0.06 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Wipro Limited (NYSE:WIT)| Most Recent Dividend: | 2/3/2017 |
| Annual Dividend: | $0.03 |
| Dividend Yield: | 0.49% |
| Dividend Growth: | -9.60% (3 Year Average) |
| Payout Ratio: | 11.11% (Trailing 12 Months of Earnings)
11.11% (Based on This Year's Estimates)
9.68% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Wipro Limited (NYSE WIT)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 1/25/2017 | | $0.01 | | 2/1/2017 | 2/3/2017 | 2/3/2017 |
| 6/7/2016 | | $0.01 | | 7/7/2016 | 7/11/2016 | 7/11/2016 |
| 1/20/2016 | | $0.04 | | 1/25/2016 | 1/27/2016 | 1/27/2016 |
(Data available from 1/1/2013 forward)
Insider Trading History for Wipro Limited (NYSE:WIT)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Wipro Limited (NYSE:WIT)
Latest Headlines for Wipro Limited (NYSE:WIT)
| Source: |
|
| Date | Headline |
|---|
 | Wipro Limited (NYSE:WIT) Upgraded at Zacks Investment Research
www.americanbankingnews.com - July 25 at 11:34 AM |
 | Wipro and Hewlett Packard Enterprise Partner to Offer Consumption-Based IT Infrastructure Solutions - Business Wire (press release)
www.businesswire.com - July 25 at 8:30 AM |
 | Wipro and Hewlett Packard Enterprise Partner to Offer Consumption-Based IT Infrastructure Solutions
finance.yahoo.com - July 25 at 8:30 AM |
| Compuware and Wipro Jointly Launch a Mainframe Center of Excellence
finance.yahoo.com - July 25 at 8:30 AM |
| Research Analysts Issue Forecasts for Wipro Limited's FY2020 Earnings (NYSE:WIT)
www.americanbankingnews.com - July 24 at 11:30 AM |
| Traders Purchase High Volume of Wipro Limited Put Options (NYSE:WIT)
www.americanbankingnews.com - July 24 at 10:18 AM |
| Wipro Limited (WIT) PT Raised to $277.00 at Bank of America Corporation
www.americanbankingnews.com - July 21 at 8:38 PM |
| Wipro Limited (NYSE:WIT) Announces Share Repurchase Plan
www.americanbankingnews.com - July 21 at 11:04 AM |
| Wipro Limited (WIT) Announces Earnings Results
www.americanbankingnews.com - July 21 at 9:58 AM |
| Investor Network: Wipro Limited Sponsored ADR to Host Earnings Call
finance.yahoo.com - July 21 at 8:46 AM |
| Wipro Limited Announces Results for the Quarter Ended June 30, 2017 under IFRS
finance.yahoo.com - July 21 at 8:45 AM |
| Wipro Limited (NYSE:WIT) Short Interest Up 133.5% in June
www.americanbankingnews.com - July 17 at 7:14 AM |
| ETFs with exposure to Wipro Ltd. : July 13, 2017
finance.yahoo.com - July 14 at 9:59 AM |
| Wipro Limited to Announce Results for the First Quarter Ended June 30, 2017 on July 20, 2017
finance.yahoo.com - July 11 at 9:36 AM |
| Wipro Limited (WIT) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - July 10 at 8:22 AM |
| Equities Analysts Issue Forecasts for Wipro Limited's Q2 2018 Earnings (NYSE:WIT)
www.americanbankingnews.com - July 10 at 8:06 AM |
| Wipro and Ramot at Tel Aviv University Partner for Joint Research in Emerging Technologies - Business Wire (press release)
www.businesswire.com - July 7 at 4:08 AM |
| BidaskClub Upgrades Wipro Limited (NYSE:WIT) to "Buy"
www.americanbankingnews.com - July 5 at 3:18 PM |
| Wipro and Ramot at Tel Aviv University Partner for Joint Research in Emerging Technologies
finance.yahoo.com - July 5 at 11:35 AM |
| ETFs with exposure to Wipro Ltd. : July 3, 2017
finance.yahoo.com - July 4 at 8:49 AM |
| Wipro Limited (WIT) Upgraded by Zacks Investment Research to Hold
www.americanbankingnews.com - July 2 at 12:38 PM |
| Zacks: Analysts Anticipate Wipro Limited (WIT) Will Announce Quarterly Sales of $2.03 Billion
www.americanbankingnews.com - July 2 at 9:54 AM |
| Wipro Ltd. :WIT-US: Earnings Analysis: Q4, 2017 By the Numbers : June 30, 2017
finance.yahoo.com - July 1 at 9:06 AM |
| Wipro Limited (WIT) Expected to Announce Earnings of $0.06 Per Share
www.americanbankingnews.com - June 30 at 9:10 AM |
 | Indian IT Giant Wipro Touts New US Jobs - Fortune
fortune.com - June 29 at 8:03 AM |
| Locals Now Form over 50% of Wipro's Workforce in the U.S. ... - Business Wire (press release)
www.businesswire.com - June 29 at 8:03 AM |
| Wipro Limited (WIT) Upgraded at BidaskClub
www.americanbankingnews.com - June 26 at 3:22 PM |
| Wipro, First Book Bring New Books to Indianapolis Area Kids in Need
finance.yahoo.com - June 22 at 2:44 PM |
| Wipro Collaborates with Red Hat for Cloud Application Factory powered by Red Hat OpenShift Container Platform
finance.yahoo.com - June 22 at 2:44 PM |
| Wipro Limited (WIT) Lowered to "Sell" at BidaskClub
www.americanbankingnews.com - June 20 at 3:32 PM |
| Wipro Launches 'State of Cybersecurity Report 2017' | Business Wire - Business Wire (press release)
www.businesswire.com - June 15 at 4:03 PM |
| Wipro Launches ‘State of Cybersecurity Report 2017’
finance.yahoo.com - June 15 at 4:03 PM |
| Wipro Achieves AWS Service Delivery Status for AWS Service Catalog
finance.yahoo.com - June 15 at 4:03 PM |
| Wipro Limited (WIT) Downgraded to Sell at Zacks Investment Research
www.americanbankingnews.com - June 14 at 2:18 PM |
 | Wipro (WIT) Clarifies on Ex-date for ADR Stock Dividend
www.streetinsider.com - June 14 at 2:04 AM |
| Why Wipro Shares Got Wiped Out Monday
finance.yahoo.com - June 14 at 2:04 AM |
| Indian IT Giants List H-1B Proposals as Risks
finance.yahoo.com - June 13 at 8:58 AM |
| Wipro Limited (WIT) Given Average Rating of "Sell" by Brokerages
www.americanbankingnews.com - June 13 at 8:46 AM |
 | WIT Crosses Below Key Moving Average Level
www.nasdaq.com - June 12 at 8:07 PM |
 | Wipro shares down 48% amidst growth concerns, downgrades
seekingalpha.com - June 12 at 8:07 PM |
| Wipro Clarifies on Ex-date for ADR Stock Dividend
finance.yahoo.com - June 12 at 8:07 PM |
| India's Wipro says date for ADR bonus issue not decided
finance.yahoo.com - June 12 at 8:07 PM |
| BidaskClub Lowers Wipro Limited (WIT) to Hold
www.americanbankingnews.com - June 10 at 3:38 PM |
| An SEC filing confirms Trump as an official threat to India’s IT industry
finance.yahoo.com - June 9 at 2:31 AM |
| Zacks: Brokerages Expect Wipro Limited (WIT) Will Post Quarterly Sales of $2.03 Billion
www.americanbankingnews.com - June 8 at 1:30 PM |
| Wipro is a ‘Leader’ in Gartner’s Magic Quadrant North America & EMEA, 2016-17 for Oracle Applications Services
www.businesswire.com - June 7 at 1:04 AM |
| Wipro is a ‘Leader’ in Gartner’s Magic Quadrant North America & EMEA, 2016-17 for Oracle Applications Services
finance.yahoo.com - June 7 at 1:04 AM |
| Jefferies Group LLC Downgrades Wipro Limited (WIT) to Underperform
www.americanbankingnews.com - June 6 at 6:16 PM |
| Wipro Limited (WIT) Expected to Post Earnings of $0.12 Per Share
www.americanbankingnews.com - June 6 at 7:16 AM |
| Wipro Annual Report 2017 on Form 20-F Available Online for ADS Holders
finance.yahoo.com - June 3 at 2:22 AM |
Wipro Limited (WIT) Chart for Tuesday, July, 25, 2017
