NYSE:WIT - Wipro Stock Price, News, & Analysis

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$4.46 +0.02 (+0.45 %)
(As of 04/25/2019 04:00 PM ET)
Previous Close$4.44
Today's Range$4.4250 - $4.48
52-Week Range$3.38 - $4.48
Volume637,832 shs
Average Volume1.13 million shs
Market Capitalization$26.77 billion
P/E Ratio20.27
Dividend Yield0.23%
Beta0.48
Wipro Limited operates as an information technology (IT), consulting, and business process services (BPS) company worldwide. The company's IT Services segment offers a range of IT and IT-enabled services, including digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, infrastructure services, analytics services, BPS, research and development services, and hardware and software design services to various enterprises. It serves customers in various industry verticals, such as banking, financial services, and insurance; health business; consumer business; energy, natural resources, and utilities; manufacturing; technology; and communications. The company's IT Products segment distributes 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. The company has research collaboration agreements with Tel Aviv University for core and applied research in image and text analytics using deep learning and sparse representation models and techniques; and IISc on technologies for autonomous vehicles. Wipro Limited was founded in 1945 and is headquartered in Bengaluru, India.

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Industry, Sector and Symbol

Industry Custom computer programming services
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone91-80-4672-6603

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.47 billion
Cash Flow$0.2586 per share
Book Value$1.24 per share

Profitability

Net Income$1.30 billion

Miscellaneous

Employees160,000
Outstanding Shares6,003,157,000
Market Cap$26.77 billion
Next Earnings Date7/19/2019 (Estimated)
OptionableOptionable

Wipro (NYSE:WIT) Frequently Asked Questions

What is Wipro's stock symbol?

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

When did Wipro's stock split? How did Wipro's stock split work?

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 issued to shareholders after the closing bell on Tuesday, April 25th 2017. An investor that had 100 shares of Wipro stock prior to the split would have 200 shares after the split.

How will Wipro's stock buyback program work?

Wipro announced that its Board of Directors has authorized a stock repurchase plan on Friday, July 21st 2017, which authorizes the company to repurchase $1,700,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 6.1% of its shares through a tender offer. Shares repurchase plans are often a sign that the company's board believes its stock is undervalued.

How were Wipro's earnings last quarter?

Wipro Limited (NYSE:WIT) announced its quarterly earnings results on Tuesday, April, 16th. The information technology services provider reported $0.06 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.07 by $0.01. The information technology services provider earned $150.06 billion during the quarter, compared to analysts' expectations of $150.97 billion. Wipro had a net margin of 15.39% and a return on equity of 17.24%. Wipro's revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.08 earnings per share. View Wipro's Earnings History.

When is Wipro's next earnings date?

Wipro is scheduled to release their next quarterly earnings announcement on Friday, July 19th 2019. View Earnings Estimates for Wipro.

What price target have analysts set for WIT?

8 analysts have issued twelve-month price objectives for Wipro's shares. Their forecasts range from $3.75 to $5.78. On average, they expect Wipro's share price to reach $4.7650 in the next year. This suggests a possible upside of 6.8% from the stock's current price. View Analyst Price Targets for Wipro.

What is the consensus analysts' recommendation for Wipro?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last year. There are currently 5 sell ratings and 3 hold ratings for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for Wipro.

Has Wipro been receiving favorable news coverage?

News stories about WIT stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Wipro earned a media sentiment score of 1.5 on InfoTrie's scale. They also assigned news articles about the information technology services provider a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term.

Are investors shorting Wipro?

Wipro saw a increase in short interest in the month of March. As of March 15th, there was short interest totalling 22,447,617 shares, an increase of 36.9% from the February 28th total of 16,394,749 shares. Based on an average daily volume of 1,284,277 shares, the short-interest ratio is currently 17.5 days. View Wipro's Current Options Chain.

Who are some of Wipro's key competitors?

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), Tata Motors (TTM), Micron Technology (MU), Celgene (CELG), Intel (INTC), Abbott Laboratories (ABT), General Electric (GE), Oracle (ORCL), Dr.Reddy's Laboratories (RDY) and Illumina (ILMN).

Who are Wipro's key executives?

Wipro's management team includes the folowing people:
  • Mr. Azim Hasham Premji, Founder, Exec. Chairman & MD (Age 74)
  • Mr. Abidali Z. Neemuchwala, CEO & Exec. Director (Age 52)
  • Mr. B. M. Bhanumurthy, Pres & COO (Age 55)
  • Mr. Saurabh Govil, Pres & Chief HR Officer (Age 51)
  • Mr. Jatin Pravinchandra Dalal, Chief Financial Officer (Age 44)

Who are Wipro's major shareholders?

Wipro's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Segantii Capital Management Ltd (0.13%), BNP Paribas Arbitrage SA (0.01%), Unison Advisors LLC (0.01%), Eqis Capital Management Inc. (0.00%), Creative Planning (0.00%) and Financial Gravity Wealth Inc. (0.00%).

Which major investors are buying Wipro stock?

WIT stock was bought by a variety of institutional investors in the last quarter, including Segantii Capital Management Ltd, BNP Paribas Arbitrage SA, Unison Advisors LLC, Eqis Capital Management Inc., Creative Planning, Financial Gravity Wealth Inc., Mercer Global Advisors Inc. ADV and Mercer Global Advisors Inc. ADV.

How do I buy shares of Wipro?

Shares of WIT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Wipro's stock price today?

One share of WIT stock can currently be purchased for approximately $4.46.

How big of a company is Wipro?

Wipro has a market capitalization of $26.77 billion and generates $8.47 billion in revenue each year. The information technology services provider earns $1.30 billion in net income (profit) each year or $0.22 on an earnings per share basis. Wipro employs 160,000 workers across the globe.

What is Wipro's official website?

The official website for Wipro is http://www.wipro.com.

How can I contact Wipro?

Wipro's mailing address is DODDAKANAHALLI VILLAG VARTHUR HOBLI SARJAPUR RD, BANGALORE K7, 560035. The information technology services provider can be reached via phone at 91-80-4672-6603 or via email at [email protected]


MarketBeat Community Rating for Wipro (NYSE WIT)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  259 (Vote Outperform)
Underperform Votes:  446 (Vote Underperform)
Total Votes:  705
MarketBeat's community ratings are surveys of what our community members think about Wipro and other stocks. Vote "Outperform" if you believe WIT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WIT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/25/2019 by MarketBeat.com Staff

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