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NYSE:WIT

Wipro Stock Forecast, Price & News

$5.32
+0.01 (+0.19%)
(As of 06/29/2022 12:13 PM ET)
Add
Compare
Today's Range
$5.28
$5.35
50-Day Range
$5.21
$6.99
52-Week Range
$5.18
$9.96
Volume
60,876 shs
Average Volume
3.44 million shs
Market Capitalization
$29.08 billion
P/E Ratio
18.34
Dividend Yield
1.28%
Price Target
$7.70
30 days | 90 days | 365 days | Advanced Chart

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WIT Stock Forecast (MarketRank)

Overall MarketRank

2.18 out of 5 stars

Computer And Technology Sector

371st out of 937 stocks

Custom Computer Programming Services Industry

17th out of 43 stocks

Analyst Opinion: 3.1Community Rank: 3.5Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -
Wipro logo

About Wipro (NYSE:WIT)

Wipro Limited operates as information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises. It serves customers in various industry sectors, such as healthcare and medical devices, consumer goods and life sciences, retail, transportation and services, communications, media and information services, technology products and platforms, banking, financial services and insurance, manufacturing, hi-tech, energy, and utilities. The IT Products segment provides a range of 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. It serves enterprises in various industries primarily in the India market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The ISRE segment offers IT services to entities and departments owned or controlled by the Government of India and/or various Indian State Governments. The company was incorporated in 1945 and is based in Bengaluru, India.

WIT Stock News Headlines

Wipro (NYSE:WIT) Reaches New 1-Year Low at $5.55
See More Headlines

Industry, Sector and Symbol

Industry
Custom computer programming services
Sub-Industry
N/A
Employees
240,000
Year Founded
1945

Company Calendar

Ex-Dividend for 4/6 Dividend
4/05/2022
Dividend Payable
4/06/2022
Last Earnings
4/29/2022
Today
6/29/2022
Next Earnings (Estimated)
7/21/2022
Fiscal Year End
3/31/2023

Price Target and Rating

Average Stock Price Forecast
$7.70
High Stock Price Forecast
$7.70
Low Stock Price Forecast
$7.70
Forecasted Upside/Downside
+44.7%
Consensus Rating
Hold
Rating Score (0-4)
2.16666666666667
Research Coverage
6 Analysts

Profitability

Net Income
$1.61 billion
Pretax Margin
19.13%

Debt

Sales & Book Value

Annual Sales
$10.43 billion
Cash Flow
$0.36 per share
Book Value
$1.59 per share

Miscellaneous

Outstanding Shares
5,465,531,000
Free Float
5,410,876,000
Market Cap
$29.08 billion
Optionable
Optionable
Beta
0.86

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Wipro Frequently Asked Questions

Should I buy or sell Wipro stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Wipro stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WIT, but not buy additional shares or sell existing shares.
View analyst ratings for Wipro
or view top-rated stocks.

What is Wipro's stock price forecast for 2022?

6 equities research analysts have issued 12-month price objectives for Wipro's shares. Their WIT stock forecasts range from $7.70 to $7.70. On average, they expect Wipro's stock price to reach $7.70 in the next twelve months. This suggests a possible upside of 44.7% from the stock's current price.
View analysts' price targets for Wipro
or view top-rated stocks among Wall Street analysts.

How has Wipro's stock price performed in 2022?

Wipro's stock was trading at $9.76 on January 1st, 2022. Since then, WIT stock has decreased by 45.5% and is now trading at $5.32.
View the best growth stocks for 2022 here
.

When is Wipro's next earnings date?

Wipro is scheduled to release its next quarterly earnings announcement on Thursday, July 21st 2022.
View our earnings forecast for Wipro
.

How were Wipro's earnings last quarter?

Wipro Limited (NYSE:WIT) posted its quarterly earnings results on Friday, April, 29th. 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 $2.75 billion for the quarter, compared to the consensus estimate of $2.79 billion. Wipro had a net margin of 15.44% and a trailing twelve-month return on equity of 19.33%.
View Wipro's earnings history
.

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

Wipro declared a dividend on Friday, March 25th. Investors of record on Wednesday, April 6th will be given a dividend of $0.059 per share on Wednesday, April 6th. The ex-dividend date is Tuesday, April 5th. This is a boost from Wipro's previous dividend of $0.02.
View Wipro's dividend history
.

Is Wipro a good dividend stock?

Wipro(NYSE:WIT) pays an annual dividend of $0.07 per share and currently has a dividend yield of 1.28%. The dividend payout ratio of Wipro is 24.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Wipro will have a dividend payout ratio of 21.21% next year. This indicates that Wipro will be able to sustain or increase its dividend.
View Wipro's dividend history.

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 issued shares were distributed 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.

Who are Wipro's key executives?

Wipro's management team includes the following people:
  • Mr. Rishad Azim Hasham Premji Jr., Exec. Chairman (Age 45, Pay $1.82M)
  • Mr. Thierry Delaporte, MD, CEO, Director & Member of Exec. Board (Age 55, Pay $10.52M)
  • Mr. Jatin Pravinchandra Dalal, Pres, CFO & Exec. Board Member (Age 47, Pay $1.59M)
  • Mr. B. M. Bhanumurthy, Pres & COO (Age 58)
  • Mr. Srinivas Pallia, CEO of Americas 1 & Exec. Board Member (Age 55)
  • Mr. Rajan Kohli, Global Managing Partner & Pres of iDEAS Bus. Line and Exec. Board Member (Age 50)
  • Mr. Saurabh Govil, Chief HR Officer & Exec. Board Member (Age 54)
  • Mr. Angan Arun Guha, CEO of Americas 2 Market Unit & Exec. Board Member (Age 53)
  • Mr. Nagendra P. Bandaru, Global Managing Partner of iCORE Bus. Line & Exec. Board Member
  • Mr. Sanjeev Singh, Chief Operations Officer & Exec. Board Member (Age 55)

What is Thierry Delaporte's approval rating as Wipro's CEO?

60 employees have rated Wipro CEO Thierry Delaporte on Glassdoor.com. Thierry Delaporte has an approval rating of 86% among Wipro'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 retail and institutional investors. Top institutional investors include BlackRock Inc. (0.29%), Vanguard Group Inc. (0.23%), State Street Corp (0.19%), Goldman Sachs Group Inc. (0.16%), SG Americas Securities LLC (0.07%) and JPMorgan Chase & Co. (0.07%).

Which institutional investors are selling Wipro stock?

WIT stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Lazard Asset Management LLC, Arrowstreet Capital Limited Partnership, Vanguard Group Inc., Sumitomo Mitsui Trust Holdings Inc., Leuthold Group LLC, Wellington Management Group LLP, and Connor Clark & Lunn Investment Management Ltd..

Which institutional investors are buying Wipro stock?

WIT stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., SG Americas Securities LLC, Goldman Sachs Group Inc., Jane Street Group LLC, NINE MASTS CAPITAL Ltd, Segantii Capital Management Ltd, BlackRock Inc., and Nordea Investment Management AB.

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 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 $5.32.

How much money does Wipro make?

Wipro (NYSE:WIT) has a market capitalization of $29.08 billion and generates $10.43 billion in revenue each year. The information technology services provider earns $1.61 billion in net income (profit) each year or $0.29 on an earnings per share basis.

How many employees does Wipro have?

Wipro employs 240,000 workers across the globe.

Does Wipro have any subsidiaries?

The following companies are subsidiares of Wipro: 4C, ATCO I-Tek Inc., Appirio Inc., Appirio India Cloud Solutions Private Limited, Capco, Cellent GmbH, Citi Technology Services, Cooper Software Inc., Designit A/S, Designit Denmark A/S, Designit Germany GmbH, Designit Oslo A/S, Designit Spain Digital S.L., Designit Sweden AB, Designit T.L.V Ltd., Designit Tokyo Ltd., Global Oil and Gas Information Technology Services Business, HPH Holdings Corp., HealthPlan Services, HealthPlan Services Inc., InfoServer, Infocrossing LLC, International TechneGroup, Opus Capital Markets Consultants, Opus Capital Markets Consultants LLC, PT. WT Indonesia, Promax Application Group, Rainbow Software LLC, Rational Interaction Inc., TechneGroup Incorporated, Viteos Group, Wipro (Dalian) Limited, Wipro (Thailand) Co. Limited, Wipro Airport IT Services Limited*, Wipro Arabia Co. Limited, Wipro Bahrain Limited Co. S.P.C., Wipro Chengdu Limited, Wipro Corporate Technologies Ghana Limited, Wipro Cyprus Private Limited, Wipro Digital Aps, 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 (Mauritius) Limited, Wipro Holdings (UK) Limited, Wipro Holdings Hungary Korlátolt Felelosségu Társaság, Wipro Holdings Investment Korlátolt Felelosségu Társaság, Wipro IT Service Ukraine LLC, 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 SE, Wipro Information Technology Austria GmbH, Wipro Information Technology Egypt SAE, Wipro Information Technology Kazakhstan LLP, Wipro Information Technology Netherlands BV., Wipro Insurance Solutions LLC, Wipro Japan KK, Wipro LLC, Wipro LLC, Wipro Networks Pte Limited, Wipro Outsourcing Services (Ireland) Limited, Wipro Overseas IT Services Pvt. Ltd, Wipro Philippines Inc., Wipro Poland SP Z.O.O, Wipro Portugal S.A., Wipro Promax Analytics Solutions Americas LLC, Wipro Shanghai Limited, Wipro Solutions Canada Limited, Wipro Technologies Australia Pty Ltd, Wipro Technologies Limited, Wipro Technologies Nigeria Limited, Wipro Technologies Peru S.A.C., Wipro Technologies S.R.L., Wipro Technologies SA, Wipro Technologies SA DE CV, Wipro Technologies SDN BHD, Wipro Technologies South Africa (Proprietary) Limited, Wipro Technologies VZ C.A., Wipro Technologies W.T. Sociedad Anonima, Wipro Technology Chile SPA, Wipro Trademarks Holding Limited, Wipro Travel Services Limited, Wipro UK Limited, Wipro US Foundation International, Wipro do Brasil Servicos de Tecnologia S.A., Wipro do Brasil Technologia Ltda, and Women’s Business Park Technologies Limited.
Read More

When was Wipro founded?

Wipro was founded in 1945.

How can I contact Wipro?

Wipro's mailing address is DODDAKANAHALLI VILLAG VARTHUR HOBLI SARJAPUR RD, BANGALORE K7, 560035. The official website for Wipro is www.wipro.com. The information technology services provider can be reached via phone at 918046827999, via email at [email protected], or via fax at 91-80-2844-0054.

This page (NYSE:WIT) was last updated on 6/29/2022 by MarketBeat.com Staff

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